The low carbon economy rising at the beginning of this century has focused on the low-carbon transition of energy structure and economic structure. China has accelerated the pace of green and low-carbon transformation of energy, continuously upgraded the industrial structure, and achieved remarkable results in energy conservation, emission reduction and carbon reduction. Afforestation and circular economy development have also reduced the carbon intensity and the green and low-carbon lifestyle has become a social fashion since the 18th National Congress of the Communist Party of China. China has actively participated in global governance of climate change and carry out South-South cooperation to address climate change and provide support and assistance to developing countries within its capabilities. China's goal of carbon peak and carbon neutralization has stimulated the vitality of low-carbon economic development. Based on the analysis of opportunities and challenges faced by China's development, it is proposed that we should adhere to the principle of establishing first and then breaking down, make overall planning, ensure energy security while reducing carbon, take the optimization of economic structure as an important task, and take the socialist modernization power with Chinese characteristics as the direction to achieve sustainable development.