Although the rise of manufacturing industry has won China the reputation of “world factory”. China equipment manufacturing industry is still at the bottom level of the global value chain. The proposition to promote the fusion of industrialization and transform the industry from large to strong” gave the directions of China from a “giant country of manufacturing” to “powerful country of manufacturing”. Equipment Manufacturing Firm (EMFs) are gradually playing an important role, which become an important support to regional economic growth and science and technology progress. So EMFs growth becomes an universal problem, and how to evaluate the growth of EMFs becomes an important step, especially to EMFs growth. In this paper, catastrophe theory is used and a mutation series of EMFs growth evaluation index system is built. Taking EMFs of Liaoning Provience as example, EMFs growth is evaluated, which contributes to EMFs growth forecast and formulate government policies to support EMFs development.
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