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Financial crisis and Sustainable development of Chinese manufacturing industry Abstract：Sub-prime lending crisis has become an international financial cris，which is evolving into an economirecession sweeping across the West．Financial crisis leato the demand reduction in western countries,and as the largest manufacturing country,China must face overproduction．The role of China “world factory” determinehat financial crisis will severely attack Chinese manufacturing industry．The unsustainable development of Chinesmanufacturing industry is mainly reflected in the following aspects：heavy dependence on export,low-level manufacuring link,lack of modern service industry and high—tech industry,weak independent innovative ability, unsustainable exploration of heavy-pollution resources,and lack of international famous brands．How to transform crisis topportunities is an urgent research topic．Under the circumstance offinancial crisis．Chinese manufacturing industhas more external drives to change the current situation．Therefore，financial crisis becomes not only an opportunitfor Chinese manufacturing industry to improve itself based on the existing accumulation but also a chance for China to transform from “worldfactory” into a powerful nation of manufacturing industry in the world. Kewwords:Financial crisis; Sustainable development;A powerpful nation of manufacturing industry Introduction By the year 2007，sales of such products as steel,coal，cement,chemical fiber,television，washing machine，refrigerator,air condition，microwave oven,motorcycle,clothing，have ranked first in the world．In recent years，Chinese manufacturing industry has approximately accounted for 80％of export trade income while 50％of China’s financial revenue has come fram manufacturing industry．Whether manufacturing industry can keep on sustainable development will greatly affect the overail condition of China’s economic development． Sub—prime lending crisis，erupting in the U．S．last year,has become a true internation