British Prime Minister Gordon Brown said in London at a press conference following the G20 summit that China has deserves the right to demand more say and representation in the International Monetary Fund (IMF).

Brown told reporters that China pledged to contribute 40billion U.S. dollars to the international financial institutions, the European Union and Japan offered 100 billion dollars respectively.

Brown stressed that China has the right to demand more representation in the International Monetary Fund and a time table has been set to make the change to this effect.

Calling it a "new era" for global cooperation, Brown said countries will work together for a more sustainable, more open and fairer world.

Editor: Yan