[Objective] From the perspective of stage division of industrialization and urbanization, the paper was to explore the econometrics analysis between the scales of cultivated land occupation by construction and industrialization & urbanization in Zhejiang Province.[Methods] Multiple stepwise regression analysis was used.[Result] (1) The industrialization process of Zhejiang Province had experienced three stages, namely the initial, middle and late stages. However, the urbanization process is still in its middle stage at present. The developments of the two processes are not fully coordinated.(2) During the study period, the scale of cultivated land in Zhejiang Province showed a significant downward trend with a quick-to-slow rate. While the area of cultivated land occupation by construction had no obvious change, in general, it showed a zigzag increase. From the initial stage to the middle and late stages of industrialization, the annual average area of cultivated land occupation by construction firstly increased then decreased in Zhejiang Province. And from the initial stage to the middle stage of urbanization, the annual average area of cultivated land occupation by construction gradually increased.(3) In the duration of our study, the development of urbanization resulted to the area increase of cultivated land occupation by construction in the province. But the development of industrialization did not lead to the area change of cultivated land occupation by construction. There might be other factors that resulted to the area changes of cultivated land occupation by construction.(4) During different stages of industrialization of Zhejiang Province, industrialization or urbanization had played different roles on the cultivated land occupation by construction. In the early and middle stage of urbanization, the development of industrialization and urbanization did not give rise to the area change of cultivated land occupation by construction.[Conclusion] The development of industrialization and urbanization does not result to the area increase of cultivated land occupation by construction all the time. On the contrary, industrialization and urbanization can contribute to the protection of cultivated land.