CORRECTED-Yellen, China's ambassador held 'frank and productive' discussion - US

(Corrects name of China's ambassador to Feng not Fang in first paragraph of July 3 story)

WASHINGTON, July 3 (Reuters) - U.S. Secretary of Treasury Janet Yellen and Xie Feng, China's ambassador to the United States, met on Monday ahead of Yellen's scheduled travel to Beijing this week, according to a statement from the U.S. Department of Treasury.

Yellen and Xie held a "frank and productive discussion" that covered global and bilateral issues, according to the statement.

(Reporting by Eric Beech and Jasper Ward)