The Covid-19 epidemic has a wide-ranging ‘ripple effect’，which is superimposed with existing social problems，making the content and form of social risks more complicated. In 2020，China has not only successfully controlled the Covid-19 epidemic，but also effectively prevented social risks. The ‘rule of China’ is in sharp contrast with the ‘turmoil in the West’. Social risk governance innovation is mainly manifested in：continuous improvement of the top-level design，more complete system specifications，smoother operation mechanisms，deeper key levels，and more effective scientific and technological methods. The impact of the Covid-19 epidemic is far-reaching，and the global economy and society are becoming more vulnerable. The future social risk management must not only prevent and control explicit social risks，but also need to pay more attention to hidden social risks. It is urgent to strengthen system governance，cooperative governance and precise governance，to achieve effective governance of social risks with modern concepts，ideas and methods.