Chen's remarks, made during a break in a two-day "strategic economic dialogue" with senior U.S. officials near Beijing, are in line with the belief of central bank governor Zhou Xiaochuan and other Chinese policy makers that exchange rate changes play only a supporting role in reducing economic imbalances.
Chen said his ministry was not opposed to a stronger yuan
But he said the pace at which the currency rises should be measured. Overly rapid appreciation would be bad for the global economy, he said.
Chen, who is in line to take the top job at the ministry, said he would like to see a stronger dollar and expressed concern about the impact of the currency's weakness on global growth.
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