The Chinese government has set the GDP growth target for 2022 at 5.5 percent, lower than those in recent years, which had largely stayed in the 6-percent range. But Premier Li Keqiang said the new projection is in line with the average rates of the past two years, and the goals of the 14th Five-Year Plan (2021-2025). China also plans to encourage the development of digital economy. John Gong, the vice president of Research and Strategy at the University of International Business and Economics in Tel Aviv shared his insight.