U.S. to Work with China on Economy as Downturn Worsens

The United States and China have agreed to set up working groups on commerce and trade issues, U.S. Commerce Secretary Gina Raimondo said on the first day of a four-day trip to Beijing.

Her trip comes as concerns over China's economy have sent shudders through global markets and brought further concerns about the potential impact on the U.S., even as it sees the world's second largest economy as its biggest strategic rival and as relations have been strained by years of tussling over trade and security concerns.

Raimondo is the...