China offers $500 million for Pakistan: domain-b

China has offered to lend up to $500 million to Pakistan as part of its obligation to address concerns over the global financial market crisis and the ensuing economic slump.
China's offer was announced in a statement issued by Shaukat Tarin, economic adviser to Pakistan's prime minister.

The move comes after the Japanese offer to lend up to $100 billion to an IMF bailout fund.
China and Japan are the two Asian countries with the largest dispossable resources at their command. But, for China, the only country with a larger foreign-currency stock than Japan, with nearly $2 trillion in reserves, it's a much smaller donation.

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