Traditional macro-economic dilemma refers to the phenomenon that economic growth accompanies inflation,but raising the interest rates to suppress inflation commonly restrains economic growth.Current macro-economic dilemma refers to the phenomenon that consumption rate is at a very low level in investment-led economic growth,although there is no inflation.Increasing interest rate and exchange rate to suppress investment maybe further restrains consumption.In the circumstances,the macro-economic policy alternative should focus on the fiscal policy,especially helping citizen increase consumption.