Yellen Seeks Faster Debt Restructuring with China, Citing Progress but Need for More Action

Yellen plans to meet Chinese central bank head Pan Gongsheng this week to discuss debt issues.

Yellen and World Bank President Ajay Banga call for faster debt restructurings.

Yellen says there has been meaningful progress on restructuring poor countries' debt, but more needs to be done.

Banga says China has been cooperative, but more transparency is needed on debt contracts.

Yellen is optimistic about deepening economic cooperation with China on issues like climate change.