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The commercial production of coalbed methane (CBM) in China has made significant achievements. To further improve the production of CBM and realize its development, it is necessary to establish a unique, high-efficiency CBM production method that considers the characteristics of coal reservoirs in China. This paper presents the current status of China's CBM exploitation over the past 15 years from three aspects: reservoir characteristics, production mode, and exploitation technology. The achievements, in terms of exploration and development of CBM resources in China, were summarized. The CBM reservoirs in China are characterized by high coal rank, low permeability, high gas content, and low reservoir pressure gradient. Strategic measures for coal and CBM co-mining were proposed creatively as "Huainan", "Jincheng", and "Songzao" modes. CBM production enhancement measures have achieved significant innovations and breakthroughs in drilling and completion technologies and reservoir reconstruction, effectively reducing development costs and increasing single well production. Finally, based on existing basic research, this study proposes efficient CBM exploitation technologies suitable for the characteristics of CBM reservoirs in China. In particular, the uniform permeability enhancement measures of hydraulic grid slotting and fracturing have the advantages of safety, high efficiency, economy, feasibility, and broad application prospects under complex mining conditions. It is of great strategic significance to improve the CBM recovery rate and optimize China's energy structure.