Group of 77 and China. A large negotiating alliance of developing countries, providing the means for 131 member states to articulate and promote their collective economic interests and enhance their negotiating capacity on numerous international issues, including climate change. The G-77 was founded in 1967 during the United Nations Conference on Trade and Development (UNCTAD), and functions throughout the UN system. The country holding the Chair of the G-77 in New York (rotating every year) usually speaks for the alliance and China as a whole. But since the G-77 and China is a diverse group with differing interests on climate change issues, individual developing countries and groups within the G-77 (e.g. the African group, the LDCs and AOSIS) also intervene in debates. A key player under this negotiating bloc is the BASIC countries.