Highlighting Chinese President Xi Jinping's speech on opening up and cooperation, Standard Bank economist Jeremy Stevens, who attended the BRICS Business Forum on Sunday, said Xi's remarks reminded the whole world of the vital significance of openness and inclusiveness to growth when protectionist measures emerge.

The just-concluded BRICS Xiamen summit is widely deemed as setting a brighter future course for the bloc and the whole world as well.

As the BRICS now contributes more than half to global growth, BRICS New Development Bank President K.V. Kamath believed the bloc will play a more significant and decisive role in facilitating free trade and pushing forward globalization.

"I have confidence that BRICS will drive the agenda of free trade in the future," Kamath said. "If the BRICS leadership believes free trade is the right way, that is how our way will be."

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