China’s sustained economic growing trend has not yet ended，but there is a new shape appears in fluctuation cycle—a benign deformation—the upswing phase extends and Chinese economy will continue to rise smoothly. On one hand，the dynamic supply and constraints of economic growth had new changes；on the other hand，the upgrading of the consumption structure and industrial structure became the impetus for the upgrading stage of the economic cycle. And meanwhile the government controlled the peak of economic fluctuation through the fine tuning，which helps the upswing phase of the economic cycle to be extended.