This paper firstly studies the secular stagnation of the global economy. The most important characteristics of the secular stagnation include slowing economic growth rate，increased trade protection and higher leverage rate. The New Normal of the Chinese economy means all kinds of economic risks are fully exposed. Under the complex and changeable situation，Chinese government has taken active and effective measures to deal with it. In order to promote high quality economic development，China’s economic policy is committed to achieving a balance between stable growth and risk prevention. In recent years，China has made some achievements in preventing and resolving major risks. China’s economic and financial risks are controllable.