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Amid rising tensions over international trade, the broad global expansion that began roughly two years ago has plateaued and become less balanced, Maury Obstfeld, director of the IMF Research Department, said on Monday.

America needs to stop living beyond its means. The only way to improve the US current account and trade balance is to: (a) get Americans to save a higher percentage of their incomes and/or (b) reduce government budget deficits.

American Airlines Boeing 737 Max 8 is parked in a gate at LaGuardia Airport in New York, the United States, on March 13, 2019. [Photo/IC]

Amid rising concerns about companies' stock-based collateral - by which shares are pledged as collateral for loans - some local authorities have taken steps to stabilize market sentiment, granting preferential policies to ease financing conditions and allowing financial institutions to renegotiate lending terms.

Amending of the Constitution should be done by adhering to the Party's leadership and socialist rule of law, heading toward the correct political direction, following due process, being based on broad consensus, embodying the will of the people and only amending part of it instead of revising it on a large scale, Li said.