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"If G20 members can take the initiative and strengthen cooperation in this regard, it will not only help us to restore growth but also play an important leading role in the recovery and reconstruction of the world economy," Wang said.

In the first half of 2020, RMB cross-border payments grew 36.7 percent year on year to reach 12.7 trillion yuan (1.83 trillion U.S. dollars), while RMB's share of global currency reserves was more than 2 percent in the first quarter of the year, nearly doubling its share seen in 2016 when RMB was included in the IMF's Special Drawing Rights (SDR) basket of currencies, according to him.

Prevention and control of soil pollution should also be linked with that of air and water pollution to effectively cut off all origins of soil pollution, Li noted.

Rigorous fiscal discipline must be enforced. Any fraudulent reporting, false claims, retention and embezzlement of the funds will be strictly dealt with. The meeting urged making the macro policies more targeted and effective and create a more enabling environment to help market entities survive and thrive. It called for intensifying reform, firming up confidence for development, and taking concrete steps to fulfill this year's targets and tasks for economic and social development.

Another distinctive function of the BDS system is short message communication, which allows users to send messages without the support of a mobile network.