More than 20 leaders from non-Western nations gathered in Tianjin, China over the weekend for the Shanghai Cooperation Organisation (SCO) summit , which concluded on Monday, and at which President Xi Jinping set out his vision for a global economic order with the Global South at its centre.

Against the backdrop of new global tariffs imposed by United States President Donald Trump, Xi told delegates: “We must continue to take a clear stand against hegemonism and power politics, and practise true multilateralism.”

The summit brought together some of the strongest emerging economies, including India and Russia, which, along with China, account for more than one-fifth of the world’s gross domestic product (GDP).

Trilateral trade between China, India and Russia accounted for $452bn in 2023

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