[Purpose/Significance] From the objective survey data and analysis conclusions of 2021 China Knowledge Management Survey Report, this research explores the current situation, challenges and future development of knowledge management in China in 2021. [Method/Process] Based on the main survey data and key analysis results of 2021 China Knowledge Management Survey Report, this paper further analyzed and present the overall development status, challenges and future development prospects of knowledge management in Chinese organizations in 2021. [Result/Conclusion] Knowledge management in China has made continuous progress in cognitive understanding, continuous iteration, good practice, value recognition, system technology, knowledge system and supporting mechanism construction, but the development in multiple key areas are still not balanced and in-depth. At the same time, facing the big background of China's rapid economic change, digitization, intellectualization, industrial upgrading and business change, value evaluation and effective integration with business are the biggest challenges facing knowledge management. At the same time, it is also a big challenge for knowledge management to be deeply rooted and effectively applied. Knowledge management can be further developed and broken through from three aspects: technology-oriented, business scenario oriented, individual and practitioner-oriented knowledge management in the future.