The Chinese government has issued a new statement, welcoming U.S. Congressional approval of the quota reforms of the International Monetary Fund.
A Foreign Ministry spokesman says the reforms reflect changes of the international economic pattern, which can strengthen the voice and representation of emerging markets and developing countries while enhancing the legality of the IMF.
The reform plan was first approved by the IMF board in 2010 and ratified by the US Congress last week.
Under the plan, China will have the third largest IMF quota and voting share after the United States and Japan, while India, Brazil and Russia would be also among the top ten members of the IMF.
The Chinese side has said that it would further cooperate with other parties to help the IMF play a positive role in international economic and financial governance.
