This study aims to analyze the strategy of industrial development in China’s manufacturing sector during 1994 to 2001. Using official real value added of 28 industries during 1994 to 2001 provided by various years of China Statistical Yearbook and BCG Matrix proposed by Hedley (1977), the primary finding of this study is that Tobacco Processing, Transport Equipment, Electric Equipment and Machinery, and Electronic and Telecommunications were stars industries in China and main contributors to China’s high economic growth during research period. This finding is consistent with expected performance of industrial policies described in China’s 8th and 9th Five-year Plans. However, it is also found that some industries, such as Traditional Energy, Textile, General Processing which were expected to improve their performance, but not true in our study.