In the first three quarters of 2012,China's economy presents many features as following.Firstly,agricultural situation is good,while industry and services slow down. Secondly,China maintains a rapid growth of domestic demand,but the external demand dropped significantly. Thirdly,employment is generally stable,and the incomes of urban and rural residents grow rapidly. Last,the growth of CPI gradually slows down. Although China's economy runs well in 2012,and the growth rate fits for anticipation,instability and uncertainty of China's economy still exist,such as,the overlay between weak external demand and rising factor costs,between lack of effective domestic demand and overcapacity prominent contradictions,and between rising production costs and falling prices. In 2013,according to prediction,the economy will be in further stabilization and recovery,but the recovery rate might depend on the progress of the domestic and international deep-seated structural adjustment. Therefore,China should focus on the current stable economic growth,and promote the structural transformation for long-term perspective. <<