Abstract: The sensitivity of economy to climate change has become a dominant field of research. With the gradual maturity of climate economics theory, increasing researches have been focusing on the interplay of climate and economy. Climate change may be attributed to naturally internal processes, or external forces, or persistently anthropogenic activities. Under this background, studies on the economic impacts of climate change mainly focus on how climate change influences different economies, financial systems, different sectors, and economy policies, respectively, and the relationship between extreme weather and economic development. It has been recognized that there is bidirectional feedback between human activities and the climate. Therefore, studies of the economic impact of climate change will be very meaningful to sustain stable economy and take effective policies on climate.