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China has also committed a 40 billion dollar fund to provide financial support for infrastructure construction and economic cooperation along the Silk Road Economic Belt. More than 20 countries have expressed willingness to sign up for the Asia Infrastructure Investment Bank, proposed by China as an alternative source of funds to established regional lenders.

BEIJING, March 14 (Xinhua) -- Despite concerns voiced by its close ally the United States, Britain, a conventional Atlantic force, will become the first major Western economy to join a China proposed financing mechanism, which will explore investment opportunities in, mainly, Asia.

In this regard, the ministers called for immediate reform of international financial system so as to increase the voice and representation of emerging markets and developing countries, with a focus on the implementation of the 2010 IMF Quota and Governance Reform by the end of this year.

The ambassador said that as a committed member of the developing world, China greatly values the role of the G77 and cherishes the G77 plus China mechanism.

In this regard, the ministers called for immediate reform of international financial system so as to increase the voice and representation of emerging markets and developing countries, with a focus on the implementation of the 2010 IMF Quota and Governance Reform by the end of this year.