In recent years, in the face of China’s strong economic development, the U.S. media has putforward the argument of “China’s Rise Peak Theory”, claiming that China’s rise has already reachedits peak and downplaying China’s development expectations. Based on the framing theory, this paperanalyzes the thematic connotation, content structure and discourse text of the Wall Street Journal’sreports on “China’s Rise to the Top” by means of a three-level framing analysis, and finds that the WSJdepicts China as a dangerous and volatile economic image. It also analyzes the causes of the framingof the report, such as the media’s own position, the national social background and the internationalenvironment.