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


    U.S. to Work with China on Economy as Downturn Worsens – By Charles Lavery (Newsweek) / Aug 28, 2023

    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 fourth senior U.S. government official to visit China in recent months; Beijing is yet to reciprocate with its own senior representatives, but both countries are seeking ways to improve economic relations.

    Two new channels of communication will be created, to open dialogue on national security and commerce, Raimondo said.

    CONTINUE > https://www.newsweek.com/us-china-economy-gina-raimondo-wang-wentao-collapse-1822829


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