qingdao in a veiled attack on the us chinese president xi jinping on saturday said china rejects selfcentered and closeddoor policies and called for a nondiscriminatory and rulesbased multilateral trading regimehis comments at the shanghai cooperation organisation sco summit are seen as directed towards the us with which china is engaged in a fierce trade disputethe us the worlds largest economy has a trade deficit of almost 500 billion with the worlds second largest economy chinaxi said protectionism in trade should be opposed as he urged the sco to work for upholding the authority and efficacy of the world trade organization wto rules and contribute in strengthening an open inclusive and transparent trading regimewe should promote open and inclusive cooperation for winwin outcomes we should reject selfcentred shortsighted and closeddoor policies we should uphold wto rules and support the multilateral trading system so as to build an open world economy the chinese president saidhe also announced that china would set up a 30 billion yuan 47 billion equivalent special lending facility within the framework of the sco interbank consortiumhe said that all parties should uphold the authority and efficacy of wto rules strengthen an open inclusive transparent nondiscriminatory and rulesbased multilateral trading regime and oppose trade protectionism of any formchina is locked in a dispute with the trump administration over trade tariffwe should pursue common comprehensive cooperative and sustainable security we should reject the cold war mentality and confrontation between blocs and oppose the practices of seeking absolute security of oneself at the expense of others so as to achieve security of all xi saidthe summit was attended by prime minister narendra modi russian president vladimir putin and several other leaders of the eightmember groupingthe sco which currently has eight members represents around 42 per cent of the worlds population and 20 per cent of the global gdpin his address xi also mentioned chinas ambitious belt and road initiativeall parties will continue to work in line with the principle of mutual benefit to improve regional economic cooperation arrangements enhance the belt and road cooperation and complementarity of our respective development strategies deepen cooperation in business investment finance connectivity and agriculture advance trade and investment facilitation he saidxi said sco members should respect each others choice of development paths and accommodate each others core interests and major concernswe should enhance mutual understanding by putting ourselves in others positions and boost harmony and unity by seeking common ground and setting aside differences xi saidthe chinese president also underlined the need to strengthen the foundation for shared peace and securitywe need to actively implement the 20192021 programme of cooperation for combating three evil forces of terrorism separatism and extremism he saidhe further said the sco will have to play a major role in afghanistan to facilitate peace and reconstruction of the countrychina offers to train 2000 law enforcement officers for all parties in the next three years through china national institute for sco international exchange and judicial cooperation and other platforms to enhance