Eclipse: Escape Text when Pasting into a String Literal

The Problem
I have to copy some multil-line text and save it into a String variable. 
Unfortunately, Java doesn't support heredoc or Multi-line String literals.

So if to do this manually, I have to add \r\n at the end of each line, and escape special characters such as ", \ etc.

To do this manually would be quite boring and time wasting.

The Solution
Luckily, Eclipse has a nice and less unknown feature which will escape text for us when pasting text into a string literal.

In Eclipse, go to Preferences > Java > Editor > Typing, check the last option: "Escape text when pasting into a string literal", now when we paste text into a string literal, Eclipse will add \r\n, and escape special characters for us. Is it good, right?

After I pasted the text, Eclipse converted and escaped the string  like below:

private static final String FORMAT_NEW_TYPE ="   <typeDescription>\r\n" + 
"    <name>%s</name>\r\n" + 
"    <description />\r\n" + 
"    <supertypeName>uima.tcas.Annotation</supertypeName>\r\n" + 
"    <features>\r\n" + 
"     <featureDescription>\r\n" + 
"      <name>confidence</name>\r\n" + 
"      <description />\r\n" + 
"      <rangeTypeName>uima.cas.Float</rangeTypeName>\r\n" + 
"     </featureDescription>\r\n" + 
"    </features>\r\n" + 
"   </typeDescription>";