To face the third industrial revolution，among the most of countries，including Singapore，Not only at the government level，but also at the social level，or in the economic level，will have significant changes. China industrial upgrading in the third industrial revolution，have new ideas and contents，it mainly shows as follows：continuous technological innovation and management innovation as the basis，gradually cultivating core competences and based withthe dynamic adjustment of value chain，industry chain and innovation chain；to realize the China industry transformation from the low value added，low technology intensive，and extensive development to large-scale production，high value-added，high technology intensive，lean manufacturing and mass customization. Therefore，China not only to absorb the external innovation resources and achievements，but also to make full use of its own resources，to build our own brands and channels；not only to focus on the leading role of technology innovation，but also should pay attention to the market demands.