China, the world's largest holder of official foreign exchange reserves, has no intention of abandoning the U.S. dollar, Vice Foreign Minister He Yafei said on Tuesday.
He was speaking at a news briefing on President Hu Jintao's forthcoming trip to Russia, where he will attend an inaugural summit of the BRIC countries -- Brazil, Russia, India and China -- in Yekaterinburg on June 16.
Russian President Dmitry Medvedev and others have said the meeting would discuss the search for alternatives to the dollar as the world's principal reserve currency.
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But, asked about the issue, He said: "Nobody is talking about dumping the dollar. I don't think this is realistic."
Chinese central bank governor Zhou Xiaochuan caused a stir in late March by proposing that the Special Drawing Right, the International Monetary Fund's unit of account, could eventually replace the dollar.
