As the ecological protection and high-quality development of the Yellow River Basin has become a major national strategy，Shandong，as the first comprehensive experimental area for the conversion of new and old kinetic energy in our country，policy dividends continue to gather，market and talent dividends continue to expand，and transition dividends and reform dividends are released at an accelerated pace. In 2020，in the face of the severe epidemic situation of COVID-19，Shandong Province adhered to the general tone of seeking progress in the midst of stability，took the supply-side structural reform as the main line，resolutely fought the three major battles，and paid close attention to the landing of the “six stability” work and key tasks. While making every effort to prevent and control the epidemic，Shandong deployed tax work ahead of time，actively dealt with the serious impact of the epidemic on the economy，and economic development gradually rebounded. Various reforms have been accelerated，peoples’ livelihood has been effectively guaranteed，and the society has maintained harmony and stability. Looking to the future，Shandong Province will unswervingly promote the coordinated development of regional economy，continue to promote the landing of relief measures，support the development of market entities，continuously optimize the business environment and attract high-quality resources to invest in Shandong，continue to deepen the conversion of new and old kinetic energy，further stimulate market vitality and promote the transformation，upgrading and high-quality development of the province’s economy.