Sound Bites

Chinese experts share their views on the newly established BRICS development bank:

"Leaders of the BRICS countries must think carefully about how these countries can function together to make the new development bank more efficient, more transparent and more fair than the World Bank and the Asian Development Bank.

"They should create a regulatory framework of management to combine the efforts of the five countries and enable each to play a part in the bank, rather than have one country play a leading role.