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"Resource efficiency aspect in China's economy is an area which requires significant investment and innovation, because it is part of investing in future competitiveness," he said.

BEIJING, June 3 (Xinhua) -- China on Wednesday rejected certain parties' misinterpretations of international law on territorial disputes in the South China Sea, saying its activities in the region were "legitimate and reasonable."

The Hungarian president highly commented on the broad prospects for the development of Hungary-China relations and bilateral cooperation in all fields, expressing the hope of Hungary to serve as a regional center in coordination with China on key projects such as the railroad linking Belgrade and Budapest, which has been 85-percent financed by China.

There is no shortage of experts like Chen warning against frenzied land deals that lead to forced expropriations and loss of farmland to real estate or other commercial development.

He added that the management and operation of these organizations should be adjusted to better suit modern life.