Through the review of developing course of China cemented carbide industry, the writer of this paper at the first time generalizes it into five stages. The writer analyses China cemented carbide industry present status in aspects of produce technology, product structure, operation and management etc. Mean while by analysis of existed shortages in cemented carbide industry, the write considers that it also has three advantages in resource and scale, industry foundation and categories, market and price, and brought out some suggestion and imagination for the future develpment of China cemented carbide industry.