Under the dual-carbon goals(carbon peak and carbon neutrality), China faces the challenge of high total carbon emissions and a significant demand for carbon reduction. As a key supporting technology for carbon reduction, Carbon Capture, Utilization and Storage(CCUS) holds great potential for future industrial development. At present, driven by national policies and the active participation of enterprises, China has obtained practical experience in implementing CCUS projects. However, compared with European and American countries, there remains a notable gap in terms of technological advancement and industrial scale. Additionally, relevant policies, regulations and codes and standards system require further improvement. This paper reviews China's carbon emission status, CCUS demonstration projects, technological development across various segments, industrial policies, carbon market management, and existing challenges. It also analyzes the emission reduction demand, geological storage potential and sourcesink matching for CCUS in China, and proposes a phased development framework for the CCUS industry. This paper provides management measures and policy recommendations to guide the future growth of CCUS industrial development.