In 2008，China can realize the actual GDP growth rate of nearly 10% while controlling the core CPI rate of rise below 2%. China’s economic climate，however，will enter the contraction phase of the current economic cycle since 2008. Based on China Macroeconomic Analysis and Forecast Model （CMAFM） of Renmin University of China，the author forecasts China’s macroeconomic situation in 2008 and 2009 by year. The macroeconomic situation is forecasted in three aspects，i.e. economic growth potential and economic cycle phase，historical trend and structural factor of inflation，demand driving and international coupling of economic fluctuation. This article also offers comments on China’s macroeconomic policies including Keynesianism，reverse soft landing，and mild bump：price steadiness goal and risk management of the prudent monetary policy.