The global economic growth will slow down significantly. China is still the engine of the world economy，but there is a gap between China’s economic growth and its potential growth rate and the 2035 target. The recovery of Shanghai’s economy after the epidemic showed a “V” rebound，showing a certain degree of resilience，but the sustainability of foreign trade，local finance and green ecology still needs to be concerned under uncertainty. Under the general scenario，the first half of 2023 will continue the trend of slow recovery in 2022，showing a growth trend of high front and low back，and the economic growth will converge to the new normal of about 4.3%. The driving force and policy focus of Shanghai’s economy in 2023：seize the opportunities of national macroeconomic policies，and start the high-level elements in advance；Take multiple measures to make full use of new consumption growth points and build new support for economic growth；Marginally relax the restrictions on purchasing the first set of just needed houses to hedge the downward pressure on real estate investment；Optimize financing services for small and micro enterprises and stimulate investment vitality of market entities；Seize the new track of digital economy and tap new economic momentum；Accelerate the green renewal of buildings and actively stimulate the investment in green industries；Strengthen and expand the three leading industries in Shanghai，and strengthen the industrial driving capacity；We will focus on the integration of the Yangtze River Delta and the construction of five new cities to open up new space for economic growth.