Leaders in U.S. and UK have vigorously promoted liberalization，privatization，and financial deregulation since the end of the 1970s.As a result，numerous financial derivatives expand viciously，the virtual economy has separated itself from the real economy. Western countries’ monopoly capitalism gradually extends to the international financial monopoly capitalism. Western countries reap excessive profits from the rest of the world especially from the developing countries by occupying the dominant international currency advantage and through multinational companies. The global income gap between the rich and the poor is widening. Most countries in the Western world have sovereign debt crisis or financial distress since the outbreak of the global financial crisis in 2008.However，Western countries still have a strong capacity of pressure-resistant and flexibility. China and other developing countries have to develop a long-term development strategy to prevent or mitigate the crisis and the challenges transferred from Western countries. At the same time，China and other developing countries need to keep up the pace with the update cycle of the technological revolution and strive to be in the forefront.