Xi's speech positive, comprehensive, says observers

Atul Aneja, Associate Editor, The Hindu (India's national newspaper)

Atul Aneja from The Hindu. [Photo provided to chinadaily.com.cn]

I think President Xi gave the future direction of the BRICS in all these fields. It is a very comprehensive speech in discovering the economic side, the security side, etc. He also decided to set up a fund of $4 million for the New Development Bank (NDB).

I think the most important thing he is saying is that it is time for emerging economies to take the lead of globalization. Emerging markets and developing countries will be involved in economic globalization, which is different from the past, which is more inclusive. It is for everyone and not only to benefit a small group of elites. This is a good message from him.