US treasury secretary meets China's central bank chief

US Treasury Secretary Janet Yellen is set to wrap up four days of meetings in China with a visit to the central bank as she presses her case for Chinese leaders to rein in excess industrial capacity and boost domestic demand, Report informs via Business Standard.

Yellen, who is on her second trip to China in nine months to further ease strained ties between the world's two largest economies, has voiced concerns about China's fast-growing exports of electric vehicles, batteries, solar panels, and other green-energy goods.

In a readout of the finance meeting, the Treasury said Yellen and Lan discussed the macroeconomic outlook and financial developments in the United States and China.

"They also discussed the important role that Treasury and the Ministry of Finance can play in maintaining a durable communication channel between the US and China," the Treasury said.