“We should reject the Cold War mentality,” Xi said. AFP / WANG ZHAO
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Chinese President Xi Jinping extolled free trade and criticized "selfish, shortsighted" policies Sunday during a closely orchestrated gathering of a Beijing-led bloc, standing in stark contrast with the G-7 summit that ended in disarray over trade tensions.This is despite China's status as the most-closed major economy.The summit comes as Russia and China have boosted ties in response to the U.S. national security strategy that describes them as America's top adversaries.Xi announced that China would offer 30 billion yuan ($4.7 billion) in loans through the bloc, highlighting its economic aspect.Xi presented Russian President Vladimir Putin China's first Friendship Medal at an elaborate ceremony in Beijing Friday.Putin said Sunday that the current structure of the SCO is "optimal" and emphasized its combined economic power and political clout.Xi and Modi also found common ground on security.
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