This year is the preliminary stage of the Thirteenth Five Year Plan for China’s social and economic development. The Fifth Plenary Session of the 18th CPC Central Committee has deployed new strategy for social and economic development. On the one hand，the new strategy has proposed the philosophy of innovative development，coordinated development，green development，open development，and development shared by all. On the other hand，the new strategy has proposed policy agenda for stabilizing economic growth，adjusting industrial structure，transforming mode of development，fixing problems，and improving social well-being. In general，the economic growth has been stabilized with significant achievement on structural adjustment. Meanwhile，the quality of economic growth has been improved. In the area of social development，the general situation and people’s well-being have made great progress. The scale of middle income group has been further expanded，and the social development has accelerated the process of constructing olive shaped society. However，during the social and economic development，there are many risks and challenges which should be addressed.