In 2021，Shanghai rebounded more than expected，showing the characteristics of rising first and then falling；The service economy is still the “ballast stone” for the steady economic growth of Shanghai. New economy leads industrial economy to improve quality and efficiency；Modern service industry strongly promotes the recovery growth of service industry；Shanghai’s five-type economy has maintained a good momentum of growth. Shanghai’s GDP is expected to grow by 7.9 percent in 2021. In 2022，the impact of the epidemic will be further reduced，and Shanghai’s economic operation will be basically stabilized. Growth will return to the normal track and converge to a new normal of around 5.5%. In 2022，we will continue to step up efforts to ensure the stability of the economy，implement the six-pronged policy，and ensure sound and steady economic growth. In particular，we will work hard to smooth out economic fluctuations that may occur after the base number and policy effects are phased out，and defuse “risk pressure” in the five areas.