Foreign literature is an important channel to spread foreign culture. Culture may inspire people, let soar their imagination and influence their lifestyle. China’s culture industry needs to integrate cultures of other nations for its own development. Thus, it is significant to study foreign literatures. Through the study of the status quo, development trend and prediction about foreign literature, this paper intends to explore the development direction of foreign literature theoretically and clear the purpose of foreign literature studies with data so as to lay a foundation for China’s cultural development. From a theoretical perspective, this paper focuses on the status quo and the development trend of foreign literature studies, which is a basis for later studies. This paper analyzes the number of papers issued on core periodicals for foreign literature in China from 2004 to 2011 and hot issues from 2004 to 2005, 2006 to 2008 and 2009 to 2011. Through single sequence order linear dynamic model, a prediction on the annual number of National Social Science Fund Project for 2012 to 2016 has been made, serving as the database for further foreign literature studies.