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OTTAWA, April 4 (Xinhua) -- Canada's international merchandise trade with China has more than tripled in the past decade, according to data released by Statistics Canada on Wednesday.

"The newly proposed waiver would be a giant step forward, as the visa policy plays a crucial role in the country's inbound and outbound tourism development," said Dai Bin, president of the China Tourism Academy.

Qian is currently the dean of Tsinghua University's School of Economics and Management. Chen is the president of the Renmin University of China, and Song is a professor of the National School of Development of Peking University.

Liu Guchang, executive director of China Foundation for International Studies, said current global economic governance system dominated by developed countries has been increasingly "contradictory" to the changing landscape of global power.

Zhou said the People's Bank of China, or the central bank, will support the development of cross-border exchange-traded fund products, as well as expand the investment scale for qualified foreign institutional investors (QFIIs) and yuan-based QFIIs.