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Bater, vice chairman of the National Committee of the Chinese People's Political Consultative Conference and head of the National Ethnic Affairs Commission, also attended the meeting.

The event was held at the Museum of the War of Chinese People's Resistance Against Japanese Aggression near Lugou Bridge, also known as Marco Polo Bridge, in the western suburb of Beijing.

However, difficulties remain for companies and employment as the spreading pandemic further complicates global economy and trade, while some domestic sectors have yet to fully restore operation to pre-pandemic levels, said Yan.

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.

BRICS countries should jointly deal with the challenges of the COVID-19 pandemic and jointly promote multilateralism, the recovery of the world economy, and political settlement of hot-spot issues, Wang added.