According to the macroeconomic indexes，we can see that China’s economy kept grow remarkably in 2007，and maintained the well structure of high economic growth and low inflation. In 2008，real GDP growth rate will converge to the underlying GDP growth rate，which will lead the real GDP closer to the underlying GDP，In terms of the macroeconomic situation，the relative GDP gap between 2007 and 2008 will not differ from the zero benchmark excessively，and the gap will converge to the zero benchmark after it reach the peak in 2007 so that the overall economy will not become “overheated”；the rise of price of resource products is unavoidable，so there will be mild inflation in Chinese economy，which will show a dynamic price structure of PPI，GDP deflator and core CPI diminishing one by one in the long run. For macroeconomic policies，we should set a target of the highest sustainable growth rate，improve and reform public fiscal system，lead the development of entity economy to meet the requirements of virtual economy，and promote the sound interaction among labor’s wage，human resource investment and productivity.