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Practitioners must provide appraisal services and sign appraisal reports in accordance with the law, the new law requires. Those who sign false reports could face a life ban.

Another eight Wanda City projects are under construction and by 2020, 15 will have been built in China and another three overseas.

Looking ahead, the Chinese economy has huge potential, strong advantage, broad space and bright prospect. China has a 900 million strong workforce, among whom 170 million have received higher education or training in professional skills. Every year we produce over seven million college graduates and over five million graduates from secondary vocational schools. We are No.1 in the world in terms of the number of science professionals and No.2 in R&D input, with an input of over RMB 1 trillion made last year. China is the second biggest economy, the largest manufacturing country, a major trading nation in goods and services, and a major destination and source of foreign investment. It is also the world's second largest consumer market. Its middle-income population is in the hundreds of millions and is still expanding. The number of the rural poor is falling year by year, while that of permanent urban residents is growing by over 10 million each year. All these make China a major emerging market with the biggest growth potential. It makes China a big stage where people from every corner could tap into their intellectual potential and start their business. We are optimistic about the current state and future prospect of the Chinese economy. Optimism is a sign of confidence, and in market economy conditions, confidence guides people's expectations. This in itself generates powerful strength.

"As the world's largest single aperture telescope located at an extremely radio-quiet site, its scientific impact on astronomy will be extraordinary, and it will certainly revolutionize other areas of the natural sciences," said Nan Rendong, chief scientist with the FAST Project.

I. Nanhai Zhudao are China’s Inherent Territory