In 2020，the continuous spread of COVID-19 has hit the global economy hardly. Internationally，our country’s low-end equipment manufacturing industry chain is facing pressure to shift to emerging economies，and high-end equipment is subject to technological monopoly and multiple suppression by developed countries led by European and the American countries，and related risks cannot be ignored. Domestically，under the epidemic，our country has achieved outstanding performance in terms of economic aggregate，industrial structure transformation，scientific and technological achievements and foreign trade volume，but the problem of “stuck neck” faced by some key technologies and equipment still need to be attached great importance. Generally speaking，the development of our country’s manufacturing industry is stable and progressing，but the task of structural adjustment，transformation and upgrading is still very arduous，and it will still move forward under pressure in the future. At present，venture capital and corporate mergers and acquisitions are frequent in our country’s equipment manufacturing investment market，while the activity of public offerings has declined. Some emerging technologies，high-end equipment manufacturing and other fields have become investment hotspots，such as “5G + industrial internet”，industrial robots，commercial aerospace，high-performance medical equipment，lithium battery equipment，etc. In the future development of the equipment manufacturing industry，we should insist on making progress while maintaining stability. By preventing risks in macro-control，finance，market，technology，management and operation，we will provide a good environment for the stable development of the industry，and strive to create a stable industrial foundation and industrial structure. A new situation of optimization and industrial kinetic energy upgrade.