Highlights of Xi’s keynote speech at SCO Summit

President Xi Jinping delivered a keynote speech at the Shanghai Cooperation Organization Summit on Sunday.

The conference runs from June 9 to 10 in Qingdao, a coastal city in East China’s Shandong province.

Here are the highlights of the speech:

President Xi called for further carrying forward the Shanghai Spirit to surmount difficulties, defuse risks and meet challenges.

“We should reject the Cold War mentality and confrontation between blocks and oppose the practices of seeking absolute security of oneself at the expense of the security of other countries, so as to achieve security of all,” he said.

While hegemony and power politics still persist in the world, the growing call for a more just and equitable international order must be heeded. Democracy in international relations is an unstoppable trend of the times, Xi said.

Pointing out that unilateralism, trade protectionism and backlash against globalization are taking new forms, he said the pursuit of cooperation for mutual benefit represents a surging trend in this global village where countries’ interests and future are interconnected.

President Xi announced that China will set up a 30-billion-yuan ($4.7 billion) equivalent special lending facility within the framework of the Inter-Bank Consortium of the Shanghai Cooperation Organization.

President Xi said in the next three years, China will provide 3,000 training opportunities of human resources development for SCO member states to enhance public understanding of and support for the SCO family.

China is willing to provide meteorological services to all parties using its Fengyun-2 weather satellites, Xi said.