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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.

Environmental experts have stressed the ecological importance of the Muli mining area, where there are large areas of frozen soil and wetland vegetation such as alpine meadows

China and Spain need to jointly uphold multilateralism, uphold international equity and justice, and improve global governance, he said, expressing the belief that Spain will continue to play a constructive role in promoting the development of China-Europe relations.

Since the 2008 global financial crisis, Chinese authorities have put forward strategies including expanding domestic demand and supply-side structural reforms, which implied the gradual shift toward internal circulation had long been underway, noted Liu Yuanchun, vice president of Renmin University of China.

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