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The meeting also saw some removals from the CPPCC, while a lecture on China's space projects was held on Wednesday.

Since the 18th CPC National Congress in 2012, the CPC Central Committee with Comrade Xi Jinping at the core has paid more attention to and made strategic plans for the development of Inner Mongolia.

At the meeting, the authorities also agreed to cooperate on taxation information exchange, improve consultation procedures efficiency, boost taxation capacities and planned paths for coordination of taxation policies.

Xi reiterated that the concepts such as openness, cooperation, all-win results, joint consultation, joint construction and sharing advocated in the Belt and Road Initiative are compatible with the G20's partnership spirit, and that they are complementary to one another and can jointly boost world economic development, Wang said.

Latest loan data also revealed milder growth in mortgage lending with outstanding real estate loans up 24.2 percent year on year, down 2.8 percentage points from six months ago.