By selection of a series of indicators, this paper study evaluation of Chinese new manufacturing development. Factor analysis method is used to evaluate the status of the development of new manufacturing. The theoretical framework and practical application of the evaluation system is studied in detail in the paper. Empirical analysis is used in the paper based on statistics of manufacturing industry from 2003 to 2008. The results show that manufacturing industry is sustainable development. Research results are consistent with the actual situation. It shows that this study is scientific and objective.