G20 from Washington to London - Leading economic powers tackling crisis

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Source: CCTV.com | 04-03-2009 15:19

The leaders of the G20 first met to discuss the economic crisis in Washington D.C. on November 15th.

Since that time, countries around the world have tried all available means to stem the spread of the crisis and revive a sagging global economy.

Chinese President Hu Jintao (5th R, front), U.S. President George W. Bush (6th R, front) and other leaders from the Group of Twenty (G20) members pose for a group photo during the G20 Summit on Financial Markets and the World Economy  in Washington, U.S., Nov. 15, 2008.(Xinhua/Li Xueren)

Many countries have initiated a variety of stimulus measures and bailout plans to restart the sluggish global economy.

The US Congress approved a massive stimulus package worth 787 billion dollars in February.

Leaders of the European Union member states sealed a 200-billion-euro, or 265 billion US dollars pact last December.

Japan unveiled a new 23 trillion yen package in December to spur its economy, bringing the government's total stimulus spending to more than 550 billion dollars.

And Chinese government unveiled a 4 trillion yuan, or 586 billion US dollars economic package last November.