Europe's debt crisis does not alter the long-term strategic position of the euro in the global monetary system, an adviser to the Chinese central bank said on Wednesday.

Xia Bin, an academic adviser to the People's Bank of China, told Reuters on the sidelines of a forum that no one wishes to see the euro disappear.

He also said that global financial markets are better off with a balance between the dollar and euro, as opposed to having only dollar dominance.

China is estimated to have invested about 25 percent of its $2.85 trillion foreign exchange reserves, the world's biggest, in the euro.

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