At a gathering of a security bloc that Beijing has hailed as an alternative to the Western-led international order, Chinese President Xi Jinping has urged regional leaders to oppose “Cold War mentality.”
As the world becomes “chaotic and intertwined,” Xi said in a speech to the Shanghai Cooperation Organization (SCO) summit attendees on Monday.
Looking back, Xi said, “We have succeeded by cultivating the Shanghai spirit despite turbulent times.”
We must continue to follow the Shanghai spirit, keep our feet on the ground, forge ahead, and better carry out the roles of the organization as the world shifts and transforms.
The bloc should work toward the development of a “more just and equitable global governance system,” Xi said, calling for “equal and orderly multipolarization” of the world.
The Chinese leader stated that this year, Beijing would give member states 280 million yuan ($80 million) in aid, and a further 10 billion yuan ($1.4 billion) in loans to a SCO banking consortium.
“We must exploit the mega-scale market to improve the facilitation of trade and investment,” Xi said.
More than 20 world leaders are present at the two-day SCO summit, which kicked off on Sunday in Tianjin, China’s northern city, along with Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, and Belarusian President Alexander Lukashenko.
The Shanghai Cooperation Organization, which was founded in 2001, expanded to 10 permanent members and 16 dialogue and observer nations, beginning with six Eurasian nations and its founding in 2001.
Source: Aljazeera
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