This paper points out that China's refining industry needs to energetically improve its international competitiveness to realize the continuous development in the new century. It involves many aspects such as crude resource strategy, modern management of enterprises, industry system and mechanism, enterprise structural regulation, human resource mechanism and technical innovation. This paper brings forward some suggestions and countermeasures on product quality, deep upgrading, refining-chemical integration, IT and fuels substitute technology, as well as the development strategy on how to improve technical innovation and to strengthen technology development.