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China has announced the goal of the growth of 5 percent ambitious domestic product of 2025 despite the slowdown in the local economy and the commercial tensions with the United States.

The number, which was in line with analysts’ expectations and the conformity of Beijing’s goals in the previous two years, was announced in the annual “Action Report” of the government, and a review of its achievements last year and the goals and economic policies of 2025.

Prime Minister Lee Qiang, China Second No. Second official, presented the report on Wednesday before thousands of delegates gathered in the Grand People’s Hall in Beijing for the annual session of the National Popular Conference, ChinaErotic Parliament.

The report said that the 5 % goal was necessary to “achieve stability in work, prevent risks, improve people’s welfare”, as well as meet “long -term development goals.”

Beijing also announced that the defense budget for 2025 will increase by 7.2 percent, in line with previous years, although analysts believe that the actual military spending of China is much higher.

The Hang Seng China Enterprises Index in Hong Kong rose by 2.5 percent in the morning trading on Wednesday after the release of the work report, while the Chinese CSI 300 index for Shanghai and Shenzhen’s shares, which was 0.1 percent, rose.

While the opening of the NPC session is seen as the annual highlight of the Prime Minister, who is responsible for the Council of Ministers in China, President Xi Jinping heads the gathering with other members of the permanent committee of the permanent self in the Chinese Communist Party.

The goal of growth referred to Beijing’s determination to enhance its economy though Another round of tariff measures With the United States this week.

The United States has imposed additional definitions of 20 percent on Chinese exports since President Donald Trump took office in January and threatened more measures. China has been retaliating by targeting US exports of agriculture and energy, as well as imposing export controls and security measures on American companies.

The document also set a deficit in the budget of the 4 % central government of GDP, compared to 3 percent previously, an indication that Beijing plans to launch more financial spending to combat slowdown.

Analysts said the total or “enhanced” state budget, including local governments, is several times higher than what the central government’s personality suggests.

The work report targeted inflation this year by 2 percent, a decrease of 3 percent and the lowest of this number since 2003, which is acceptance of Deep shrinkage It sweeps the economy due to the weak domestic demand and the collapse of the property sector.

“The goal of 5 percent is an ambition, not a dangerous political goal in light of the periodic and structural weaknesses of the economy that was placed against the backdrop of an increasingly hostile environment,” said Asar Brasad, an economist and expert in China at Cornell University.

“China needs a package of carefully targeted financial and monetary measures, but it must be accompanied by reform measures to stimulate productivity and redirect the government’s position towards the private institution.”

To motivate the economy, the work report said that the government “will adopt a more active financial policy.”

A wide range of economic goals has included building a “modern industrial system” and promoting technological innovation to install property and stock markets and maintain “social harmony”.

China has already said Last year, economic growth was 5.2 percentTo overcome the official goal for the second year in a row, as Beijing entered with the increase in the issuance of bonds to stimulate the economy and help the local authorities suffering from financial hardship.

Additional reports by Winji Ding in Beijing and Argon Neal Alam in Hong Kong