In this chapter，we mainly review overall development situation of Chinese equipment manufacturing industry in 2018. In 2018，the growth rate of value added by Chinese equipment manufacturing industry slowed down. The asset scale increased steadily and fixed-asset investment was in a recovery growth，but the output of more than half the major products declined. The pressure of steady operation on Chinese equipment manufacturing industry increased. The main business income exceeded 33 trillion yuan，but the growth rate of the main business income declined. The total profit was in a low increase，the operational capacity and profitability needed to be improved and the solvency decreased slightly. The asset scale of all the major industries in Chinese equipment manufacturing industry increased steadily，but the income differentiation characteristics were obvious and the profit level was in a big gap. In terms of foreign economy，Chinese equipment manufacturing industry showed certain resilience to foreign trade in 2018. The foreign direct investment dropped significantly，but the actual use of foreign capital in various regions realized an accelerated growth. As for technological innovation，it led the equipment manufacturing industry to achieve kinetic energy conversion in 2018. Also，R&D investment increased steadily. At the same time，it is found that in the aspect of economic operation，Chinese EMI scale of losses expanded，the recovery of accounts receivable is difficult，the market demand is falling，the cost of production rigid rise；in the aspect of technical innovation，Chinese EMI faces the dispersion of innovation resources，industry-university-research-use cooperate is insufficient，the strength of basic application research is weak，the vailidation of product manufacturability is deficiency，high-end equipment and key component is controlled by others，the problem of popularization and application difficult unsolove，research and product link existe shaort planks；in the aspect of industrial structure，private EMI enterprise profitability need improving，the problem of state-owned EMIenterprise is large but not strong outstand，the level of military and civilian integration remain to be improved；in the aspect of foreign enconomy，sino-us trade friction have effect on EMI，slower the pace of EMI enterprise “go-out”.