Treasury’s Yellen to meet China central bank Chair at G20 summit

US Treasury Secretary Janet Yellen said on Friday that she will meet China’s central bank governor Yi Gang on the sidelines of the G20 Summit in Bali to discuss global economic conditions and China’s property market situation.

The expected meeting will coincide with President Joe Biden’s planned Monday meeting with Chinese President Xi Jinping, but the exact timing for Yellen’s meeting has not yet been set.

“I expect to meet with the central bank governor Yi Gang and I expect to talk with him about a range of issues, but particularly the global economic situation,” Yellen said, adding “I’m going to be interested in learning more about the property sector in China and I’m going to try to update him on what’s happening in the United States.”