Shanghai's GDP growth rate was -5.7% in the first half of this year, making it one of only two provinces and cities with negative GDP growth rate in the first half of this year. As a famous financial city, although the total GDP of Shanghai in the first half of last year was193.49 billion yuan, compared with 2.0102.53 billion yuan in the first half of last year, its GDP decreased by 75.3 billion yuan. The impact of COVID-19 epidemic is the biggest reason that affects Shanghai's GDP and growth rate. In addition, Shanghai's expansion of investment in urban infrastructure can promote projects during the Twelfth Five-Year Plan period, but the secondary and tertiary industries, especially the secondary industry, not only lack large industrial projects that can invest and drive social investment at present, but also basically have no project reserves, which is not only difficult to stop the decline of industrial investment, but more importantly, it will affect the stamina of Shanghai's industrial development.

Therefore, the low growth rate of Shanghai's GDP may be due to the influence of the COVID-19 epidemic and the lack of large-scale industrial projects that can be invested, which leads to the decline of industrial investment and affects the stamina of Shanghai's industrial development.