With the development of the global economy, the impact of tropical cyclones has become far-reaching. Thus they are a fundamental issue to be addressed both nationally and globally. The socio-economic impact is particularly noticeable in developing countries, especially China. This paper begins with the effects of cyclones on regional and global economies. Then a brief introduction to the past and current situations and progress in cyclones forecasting and warning in China are presented. Finally the paper gives recommendations about improving and perfecting the tropical cyclone forecasting and warning systems.