In 2017，power transition took place in Angola and João Lourenço was elected as president. Faced with rampant corruption and severe economic hardships in Angola，Lourenço launched a new round of reform. In terms of politics，internally，Lourenço cracked down on corruption，rectified government institutions and improved the business environment；externally，he increased the extent of openness of the country，carried out proactive diplomatic strategies and sought support from various parties. In terms of the economy，he abandoned the fixed exchange regime and initiated the macroeconomic stabilization plan and the national development plan for the period of 2018-2022 as efforts to push Angola out of the recession. These measures have managed to achieve effects judged from the recovery tendency of the Angolan economy，the tamed inflation，and a debt level that is high but controllable. Currently，Angola is in a transition phase where conflicts and problems are still pronounced but the situation is partially moderating and improving. The following one or two years may become a critical turning point of Angola’s national development.