The Kremlin leader did not miss an opportunity to thumb his nose at the club of leading industrialised democracies, saying that the combined purchasing power of the Shanghai Cooperation Organisation -which includes Russian Federation and China - outstripped the G7.
Bloomberg News' Shannon Pettypiece said these arguments have been made to Trump and people close to him have warned about the idea of a summit with Putin.
But a time and date for a meeting have not been agreed, spokesman says.
The U.S. leader has repeatedly said he wants to improve relationships with Moscow. He said he proposed eliminating all tariffs among the assembled nations, but also threatened to completely sever trade relations if he does not get his way.
During his Sunday remarks, Putin also addressed the situation in North Korea - two days ahead President Trump's planned sit-down with North Korean leader Kim Jong Un in Singapore.
Founded in 2001, the SCO also includes the former Central Asian Soviet republics of Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
He emphasized the need for the group to closely follow the situation in Afghanistan to fend off the threats posed by militants in the country. Xi noted that the importance of trade between the two countries is significant beyond its sheer volume due to the strategically important goods exchanged between China and Russian Federation including energy supplies, energy extraction hardware, new environmentally friendly technology, space exploration technology, aviation equipment, terrestrial transport technology and other heavy machinery.
On May 8, Trump announced Washington's withdrawal from the Iran nuclear deal.
Iranian President Hassan Rouhani walks to his vehicle after walking out from the airplane upon his arrival at Qingdao Liuting International Airport, Shandong province, China, June 8, 2018.
But no disharmony was evident during the 2-day summit in Qingdao.
Hussain said that China is a reliable friend and steady partner of Pakistan, and relations between the two countries are unshakable.
It is disappointing that the United States unilaterally withdrew from the Iran nuclear deal, said the statement, adding that China and Russian Federation will try their best to safeguard the deal and take note of the extreme importance of protecting the interests of all parties who engage in economic and trade cooperation with Iran from unilateral imposition of long-arm jurisdiction.