2009 marked the 60^th anniversary of the People’s Republic of China with a grand ceremony held in Beijing，China. Meanwhile，China was deeply affected by the international financial crisis. In response，a number of prompt measures were taken by the Chinese government to ensure economic growth，people’s livelihoods and social stability，which effectively reduced the impact of the international financial crisis. The GDP growth of 2009 exceeded 8%；income of urban and rural residents grew steadily；the overall level of consumer price increased about 4%. With 11 million of new jobs created in urban areas，the pressure of employment was lessened. Development of the social security system which would cover urban and rural areas advanced rapidly. New record of grain production was set，which made the first consecutive growth for 6 years over 40 years. However，the income disparity remains significant；increase of domestic demand is limited；employment issue is still serious；environmental protection is challenging. Yet，based on the key indicators of economic and social development，such as economic recovery，employment reactivation，consumption growth and price stability，China will lead to recover from the international financial crisis and move into a new stage of growth. On the one hand，China will resume a new cycle of GDP growth rate over 8%；on the other hand，there will be dramatic change in the driving force of the growth. Compared with the past，the new stage will be marked by upgrading of the industrial structure，transformation of the economic and social structure，and expansion of the domestic demand.