Yellen, PBOC’s Pan Hold ‘Substantive and Productive’ Talks

(Bloomberg) — U.S. Treasury Secretary Janet Yellen and Pan Gongsheng, governor of the People’s Bank of China, held talks Friday in Marrakech, Morocco, extending a series of high-level meetings that could lead to another summit for presidents Xi Jinping and Joe Biden next month.

“During the substantive and productive meeting, Secretary Yellen and Governor Pan exchanged views on macroeconomic and financial developments,” a Treasury spokesperson said in a statement after the two officials met on the sidelines of annual meetings for the International Monetary Fund and World Bank.