Recently, four economic performance indicators have touched the “RMB 1 trillion” mark and become highlights of Shanghai's industrial and economic scorecard, attracting much public attention---In 2021, Shanghai’s industrial added value surpassed the RMB 1 trillion mark for the first time, reaching RMB 1.07 trillion. At the same time, software and information service revenue also topped RMB 1.26 trillion, up by more than 15% year on year, contributing 40% to Shanghai’s GDP growth\\; Shanghai’s three leading industries, namely IC, biomedicine and AI, achieved a combined size of over RMB 1.2 trillion, up by more than 18% year on year\\; and Shanghai’s “1,000 Projects &\\; RMB 1 Trillion” Initiative made outstanding progress, attracting a total investment of RMB 1.3 trillion.Adopting a policy of "\\;making&\\;nbsp\\;economic stability our top priority and pursuing&\\;nbsp\\;progress&\\;nbsp\\;while ensuring stability"\\;, Shanghai has been unswervingly focusing on doing its own things well amid the grave and complex international environment and despite numerous challenges at home, including the Covid-19 epidemic. It has constantly consolidated its economic foundation, and striven to win both the "\\;tough battle"\\; of the real economy and the "\\;protracted war"\\; of scientific and technological innovation.Leading in "\\;real strength”Among Shanghai’s latest industrial economic performance indicators, one figure is truly “remarkable”: Shanghai's full-caliber industrial added value reached RMB 1,073.88 billion in 2021, breaking the RMB 1 trillion mark for the first time. This put Shanghai on top of the country in industrial added value. Shanghai’s industrial economy got off to a steady start, which has laid a solid foundation for an upward macroeconomy.Against the backdrop of a grave and complex global situation and sporadic outbreaks of Covid-19 at home, Shanghai has overcome multiple difficulties, including the "\\;three shortages"\\; of chips, workers and orders, and the "\\;four rising costs"\\; of labor, logistics, raw materials and energy.There is an upgraded logic behind the constantly rising industrial economic performance indicators. Specifically, the three major industries of intelligent interconnected vehicles, high-end equipment and light industrial consumer goods have now become the pillars of Shanghai's RMB 4 trillion industrial output value. "\\;Advanced manufacturing"\\; is Shanghai's new mission to pursue innovation-driven development and digital transformation, accelerating the city’s transition from labor-extensive to intelligent development.Shanghai's strength is also underpinned by the solid integrated development in the Yangtze River Delta Region. So far, the world's first 35kV kilometer-level superconducting cable demonstration project has operated safely in Shanghai for 100 days with five world-leading achievements. Behind the success is the "\\;collective wisdom"\\; of leading enterprises on the superconducting industrial chain in the Yangtze River Delta Region. These enterprises all help to establish China's global leading role in the superconducting field.Winning through "\\;innovation"\\;Increasing economic intensity means seeking impetus from innovation. As the leading new industries of IC, biomedicine and AI all join the ranks of the "\\;RMB 1 trillion club"\\;, emerging "\\;new business tracks"\\; such as digital economy, green, low-carbon development and metaverse receive ever more attention, and intelligent "\\;new terminals"\\; like interconnected vehicles and robots become rising&\\;nbsp\\;stars&\\;nbsp\\;in Shanghai, testifying to the tremendous “resilience” in the high-quality economic development of the city.Wu Jincheng, Director of the Shanghai Municipal Commission of Economy and Informatization, remarked that for industrial economy to register brilliant performance, they need to, on one hand, keep&\\;nbsp\\;automobile, electronics, machinery and other key industries stable and build world-class industrial clusters around IC, biomedicine and AI. On the other hand, they need to focus on new business tracks, tap into the potential of digital economy, green and low-carbon development, beef up the development of intelligent interconnected vehicles, service robots, smart homes and other terminals, and build up a strong and resilient momentum of economic development.A consensus has been reached in China’s economic center that whoever that&\\;nbsp\\;takes the lead on the new track of economic digitalization will be in the driving seat for future development.As the first municipality-level demonstrative digital twin in Shanghai, the Lin-gang Digital Twin City has now made a series of strides in twin digital base construction, smart energy system building, pilot vehicle-road synergy applications, and intelligent underground parking garages. A "\\;future city with integrated growth"\\; will generate even more new industrial opportunities in the years to come.Building “future” growth momentumIn early 2022, the first “ground pile” was laid for the SMIC Lin-gang Project in Shanghai. In the meantime, SMIC’s Beijing and Shenzhen projects are also progressing steadily. After the completion of all these three new projects, SMIC’s homegrown chip manufacturing capacity will multiply.With a total investment of RMB 100 billion, the Lin-gang project has created what is called the “SMIC Speed”: it only took 100 days from project signing to construction commencement. Meanwhile, the practice of "\\;acquiring land to wait for project signing, and starting construction right upon land acquisition"\\; is now being promoted across Shanghai. &\\;nbsp\\;The constantly rising foreign investments well show Shanghai’s economic vitality. On February 11, 2022, Shanghai held the first centralized signing ceremony of the year for foreign-funded projects. In all, 53 foreign-funded projects were signed, with a total investment of US$5.44 billion. It can be seen that Shanghai remains one of the first-choice locations for multinational corporations to develop their industrial, supply and innovation chains.Enterprises are willing to take root and "\\;grow up"\\; in Shanghai. This is attributed to Shanghai's tremendous efforts to create a favorable business environment. Relevant municipal and district departments and neighborhood officials in the city have made regular and mechanism-based visits to provide enterprises with comprehensive support, giving rise to what is the "\\;Shanghai speed"\\;. &\\;nbsp\\;It is reported that Shanghai now has more than 6,000 specialists to provide peer-to-peer services for nearly 100,000 key SMEs. At the same time, Shanghai Enterprise Service Cloud has also been established to provide one-stop policy service, one-window handling service and all-in-one-network specialized service to enhance government-enterprise synergy and deliver concrete results.Wei Bingwu, Director of the Shanghai SME Development Service Center, said that as of February 2022, the Shanghai Enterprise Service Cloud platform had rolled out more than 9,000 incentive policies for enterprises, addressed more than 80,000 enterprise requests, helped to broker nearly 1.1 million service orders, attracting over 49 million visits. In the future, the platform will give further play to its role in creating a high-quality business environment, and help more SMEs to grow into "\\;big corporations"\\;.Source: Zhou Lin and Gong Wen,&\\;nbsp\\;Xinhua News Agency