The 20th Annual Meeting of The China Association for Science and Technology closed in Hangzhou on May 27th, 2018. The conference put forward some major scientific frontier issues and engineering and technical challenges of contemporary China. The President of China Metal Society YongGan makes a speech concerning The Three Basic Elements of Manufacturing Superpower, in which he points out China's current major achievements and deficiencies in manufacturing from analyzing three aspects of new information technology, new materials, and technological innovation systems. YongGan highlights the importance of rare earth and magnetic technology. Pensong, the manager of Jintong Magnets company, which is one of the oldest magnets company in China, represents that the magnets market has great potential, especially these years, the Chinese government has gradually valued the importance of magnets.