Chinese official to frustrated U.S. businesses: We hear you

A senior Chinese trade official has a message for U.S. businesses operating in China: We hear your concerns and we are trying our best. Oh, and we have some concerns of our own. In a rare interview granted in the run-up to President Xi Jinping’s visit to the U.S., Zhang Xiangchen, China’s deputy representative for international trade, shared his thoughts on the nature of U.S. China-trade ties, likening the relationship to a boat, and comparing trade to the ballast that keeps things “sailing forward smoothly.” China’s top leaders have vowed to let the market play a “decisive” role in the years ahead as part of their plan to “comprehensively deepen” economic reform. But the U.S.-China Business Council (USCBC) and others have raised doubts as to whether or not they are willing to loosen their grip, especially in light of this summer’s stock crisis and the aggressive state intervention that followed.