> ambitious plans

It's always nice to have another telescope, but I'm not exactly sure about the "ambitious" part here. First 6m telescope was built in 1976, that's 46 years ago, and first 10m telescope in 1993, almost 30 years ago. And just for comparison, currently largest telescope under construction is going to be 40m. 6m sounds like a project a large university could pull-off on their own - so if that's the case (as in: the Peking University is doing this on their own) then it's definitely ambitious idea.