There are several great changes for the global economic and capital market this year, and many of them are unexpected. The developments of political landscape of Europe and of the United States are the signs of the decline of globalization; different parts of the world, including in China are experiencing new waves of urbanization, which intertwine with overcapacity and economic crisis. According to Donald Trump’s economic policies, global capital will flow in huge quantity to the United States debt arbitrage, which will further increase the China’s pressure of capital outflow and currency devaluation; meanwhile Europe and Japan do not show strong signs of economic recovery. All parties should pay attention on the developments and changes and develop plans to respond to risks in advance.