With the developments of West-East power transmission projects, South-North power supply and the increased grid interconnections, in addition to the electricity market developments, the uncertain and stochastic characteristics of the power system operation are becoming more and more challenging and the risk of large scale blackout of the power system is increased remarkably. The electricity reliability management organization in China has been introduced. In this paper, present status of the power system reliability operation in China has been summarized and the new problems and challenges for the reliability management have been analyzed and discussed.