China has adopted economic reform and an open door policy and decided to establish a socialist market economy, which has not only strengthened her economic power and accelerated her modernization process, but also promoted her educational development and reform. The development of MBA graduate education in China is a very good example of this. However, it has taken quite a long time for the MBA program to receive attention from government, industry, business circles, colleges and universities and people from all walks of life. On the one hand, the development of the MBA program in China shows that the economic reform and modernization process have had a great effect on the demand for qualified personnel; on the other hand, the MBA program suits the design of China's market economic system and promotes China's social and economic development.