【正文】
RMB exchange rate mechanism is the demand of deepening China39。s reform in financial system. The reform will have positive impact in optimizing China39。s import increased by 15% while in the following 5 months, the increase surged to 20%. But in export, in the first 7 months, the increase was 30% while in the following 5 months, the increase was %. In the first 4 months of this year, export increased by % while import increased to %. Bo Xilai said RMB appreciation has substantially lowered the profit of exportoriented enterprises, especially laborintensive ones whose profit was already very low. Taking textile industry as an example, their profitability is just 3%. After RMB appreciation, many Chinese enterprises have been in a difficult situation. Quite a few foreign enterprises in China have also been affected. A survey on Japanese enterprises in China shows that nearly half of them think the RMB appreciation has brought negative impact to them while only % of enterprises think the influence is positive. The minister said generally speaking to plete the RMB exchange rate mechanism is the demand of deepening China39。t manipulate the exchange rate, therefore, to demand China increase its exchange rate again is groundless. The US Congress has again called on China to appreciate its yuan in order to balance the bilateral trade. Bo Xilai said the reason for trade imbalance is very plicated, but the root is not on RMB exchange rate. First of all, because enterprises in Japan, South Korea and other southeast Asian