China’s Xi and Russia’s Putin express their vision for a new global order during the SCO summit.

Chinese President Xi Jinping called on leaders at a regional summit to utilize their “mega-scale market” on Monday, while Russian President Vladimir Putin expressed his support for Xi’s vision of a new global security and economic framework that challenges the United States.
The Shanghai Cooperation Organisation (SCO) has established a model for a new kind of international relations, Xi stated in his opening remarks to over 20 world leaders at a two-day summit taking place in Tianjin, a port city in northern China.

“We should promote equal and orderly multipolarity in the world, foster inclusive economic globalization, and work towards building a more just and equitable global governance system,” he remarked.
“We need to capitalize on the mega-scale market… to enhance trade and investment facilitation,” Xi emphasized, encouraging the bloc to strengthen collaboration in areas such as energy, infrastructure, science and technology, and artificial intelligence.
Putin noted that the group has revitalized “genuine multilateralism” with an increasing use of national currencies in mutual transactions.
“This, in turn, establishes the political and socio-economic foundation for creating a new system of stability and security in Eurasia,” he added.

This security framework, in contrast to Euro-centric and Euro-Atlantic approaches, would sincerely take into account the interests of a diverse array of nations, maintain true balance, and prevent any single nation from securing its own safety at the cost of others.

The security-oriented bloc, which initially consisted of six Eurasian countries, has recently grown to include 10 permanent members along with 16 dialogue and observer nations.

Xi urged the organization’s partners to “reject Cold War mentalities and bloc confrontations” while advocating for multilateral trade systems. This was a clear reference to U.S. President Donald Trump’s tariff conflicts, which have had a disproportionate impact on developing nations.

China is set to offer 2 billion yuan ($280 million) in free assistance to member countries this year, along with an additional 10 billion yuan in loans to an SCO banking consortium, he noted.

During a discussion on the sidelines of the meeting on Sunday, United Nations Secretary-General Antonio Guterres remarked that China plays a “crucial” role in supporting global multilateralism.

Beijing has also seized the summit as a chance to repair relations with New Delhi.

Modi, who is visiting China for the first time in seven years, and Xi both concurred on Sunday that their nations are partners in development rather than competitors, and they explored methods to enhance trade relations amidst the global tariff unpredictability.