What the world has done to tackle crisis

China's 4-trillion-yuan economic stimulus package is the latest major move to cope with the global financial crisis. Here is what other countries have done to help the financial market and prevent economic recession:

United States:

The country, whose housing market collapse triggered the global financial crisis, has earmarked $700 billion for bank funding. President-elect Barack Obama is expected to spend hundreds of billions of dollars more in a fiscal stimulus package once he assumes office in January.

United Kingdom:

Has announced a 500-billion-pound rescue package for the banking sector. The government will make extra capital available to eight of the country's largest banks and building societies in exchange for preference shares or equity. Prime Minister Gordon Brown has said tax cuts could be used to help stimulate the economy and it is a measure the government would consider in the next few weeks.