This paper focus on the soybeanresources and their industry development inChina. Due to the high demand in domesticmarket, it is necessary to expand the cultivationarea and improve the production yields.Meanwhile, to inc e the export of soybeansfrom overseas is also important. China has along history in producing traditional soyfoods. After recent fifty years, the developmentof Chinese soybean industry has reached to areasonable level. The current status of Chinesesoybean industry has been included in thepaper. It has been expected that in next fiveyears, there will be a rapid increase in theprocessing of soybeans; it will become morereasonable in the scale and distribution ofsoybean oil factories. Emphasis will be put onthe improvement of the functionalities ofsoybean products. Different kinds of functionalsoybean foods, especially the soybean proteinsfor particular uses will be developed by the useof modification technologies. Concern is alsogiven to the multi -utilizn of soybeanresources, which not only the extractionof oil from soybean and the processingof protein products from the meal; but alsoincludes the recovery of the naturalchemicals from soybeans which could then beexploited to novel products with more profits.