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Combined with unending government budget deficits, loose monetary policies over the past 40 years have put the United States economy into an unsustainable period of more and more extreme booms and busts, stagnant wages, rising inequality and low productivity growth.

Computer maker posts strong growth in quarterly revenue

Complex outlook has some manufacturers making financial strides and others falling

Commenting that he is looking forward to the upcoming meeting with US President Donald Trump, Xi said China would like to make joint efforts with the US to take each other's interests and concerns into consideration, dissolve disputes and contradictions, and engage in win-win cooperation.

Compared with its earlier forecast report in April, IMF has upgraded the growth rate for the world economy to 3.7 percent for 2017, and to 3.8 percent for 2018, both up by 0.1 percentage point.