Chinese President Xi Jinping urged rejection of Cold War mentality and described member states as facing increasingly complicated security and development challenges amid a chaotic, intertwined world. He credited the Shanghai spirit for past successes and called for its continued practice to strengthen the organisation’s functions. Xi advocated an equal and orderly multipolarisation and the creation of a more just, equitable global governance system. Beijing pledged 2 billion yuan ($280m) in aid to SCO members this year and 10 billion yuan in loans to an SCO banking consortium. He called for leveraging the mega-scale market to improve trade and investment facilitation. The Tianjin summit drew over 20 world leaders and highlighted the SCO’s expansion from six founding Eurasian nations to 10 permanent members and 16 dialogue and observer countries.
Chinese President Xi Jinping has urged regional leaders to oppose Cold War mentality at a gathering of a security bloc that Beijing has touted as an alternative to the Western-led international order. In a speech to attendees of the Shanghai Cooperation Organisation (SCO) summit on Monday, Xi said that member states are facing increasingly complicated security and development challenges as the world becomes chaotic and intertwined.
Looking back, despite tumultuous times, we have achieved success by practising the Shanghai spirit, Xi said. Looking to the future, with the world undergoing turbulence and transformation, we must continue to follow the Shanghai spirit, keep our feet on the ground, forge ahead, and better perform the functions of the organisation. Calling for an equal and orderly multipolarisation of the world, Xi said the bloc should work towards the creation of a more just and equitable global governance system.
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