The world eagerly needs cleanly-generated electricity in the future. Fusion reactor is one of the most ideal energy resources to defeat the environmental degradation caused by the consumption of traditional fossil energy. To meet the design requirements of fusion reactor, the development of the structural materials which can sustain the elevated temperature, high helium concentration and extreme radiation environments is the biggest challenge for the entire material society. Oxide dispersion strengthened steel is one of the most popular candidate materials for the first wall/blanket applications in fusion reactor. In this paper, we evaluate the radiation tolerance of a 9Cr ODS steel developed in China. Compared with Ferritic/Martensitic steel, this ODS steel demonstrated a significantly higher swelling resistance under ion irradiation at 460 °C to 188 displacements per atom. The role of oxides and grain boundaries on void swelling has been explored. The results indicated that the distribution of higher density and finer size of nano oxides will lead a better swelling resistance for ODS alloy. The original pyrochlore-structured Y2Ti2O7 particles dissolved gradually while fine Y-Ti-O nano clusters reprecipitated in the matrix during irradiation. The enhanced radiation tolerance is attributed to the reduced oxide size and the increased oxide density.