The World Bank is giving China a loan of $US710 million to help rebuild areas struck by last year's earthquake.
The BBC reports the money will finance reconstruction projects in the infrastructure, health and education sectors in the two most-affected provinces, Sichuan and Gansu.
The earthquake on 12 May 2008, was China's worst for 30 years, measuring 7.9 on the Richter scale.
Almost 90,000 people were killed and five million were left homeless.
Last year, China allocated 70 billion yuan ($US10 billion) to a reconstruction fund for the earthquake.
It is estimated the disaster cost China $US123 billion in direct economic losses.