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China has formed a key economic development strategy for the next five years, focusing on its huge domestic consumer market and promoting high-level opening up, to tackle headwinds from the unprecedented global crisis, said a leader of a national think tank late on Wednesday.

China has become Canada's largest source of international students, second-largest trading partner, third-largest tourism market and sixth-largest source of foreign direct investment.

China does not want nor need to depreciate its currency to gain export competitiveness, and the PBOC's moves to inject liquidity into the forex market aim to avoid irrational depreciation and market panic, Pan Gongsheng, head of SAFE, wrote in the latest edition of China Finance, a leading industry magazine managed by the central bank.

China expressed its "strong dissatisfaction and opposition" to the program unveiled on Tuesday, with Foreign Ministry spokeswoman Hua Chunying urging Tokyo "to adhere to a purely defensive policy".

China fully understands that as a developing island country, Tonga faces special challenges in economic and social development, Xi said, adding that China would like to offer a hand for Tonga's development.