During 2018，the new change of China’s balance of payments was current account surplus and non-reserve financial account deficit. In 2018，China was facing a much more complex situation externally，especially when international trade friction met unexpectedly. It is increasingly urgent to stabilize employment，stabilize finance，stabilize foreign trade，stabilize foreign investment，stabilize investment，and stabilize expectation. China’s foreign trade faces external shock superimposed disturbance under international trade friction. China’s trade surplus，trade conditions，and external competitiveness are subject to internal and external constraints. The road of RMB internationalization is not smooth because of the complexity of mutual game between big countries. The overseas asset-liability structure’s cost-benefit problem needs to be solved. The RMB exchange rate dynamics and cross-border short-term capital flows together exacerbate the balance of payments risk. We need to prevent and resolve major risks of international finance and improve the international balance of payments security strategy. We should further to form a virtuous circle of the new level of open economy，the financial sector opening-up，RMB internationalization，“the Belt and Road” construction，the RMB exchange rate reform，and the security of the international balance of payments in the new era.