Unlike other emergent countries, China wants to be China and accepted as such, not as an honorary member of the West.
This to us is the most significant statement of his speech. Bharatiya elites and self-proclaimed liberals whose understanding of India comes from the west's interpretation of this country - not a new intellectual phenomena by any means - need to chew on this statement.
Note: Sri Lee talks of developing East Asia, presumably including India, as restoring a global balance to pre-European-imperialism globe, significantly ignores largely Islamic west Asia. It is perhaps time to create a separate continent splitting continental Asia near the west of Pakistan along with western border of China and southern border of Russia and give the west Asian Islamic world a new name and leave them to themselves.