China’s Super-Rich Buying Yachts
For boat manufacturers, the yachting market of the future is China, where luxury sailing yachts and motorboats are becoming the ultimate accessory of the super-rich. New marinas are being developed, and the government is promoting sailing ahead of next year’s Olympics. Claudia Blume reports from Hong Kong.
China’s market for pleasure boats is still in the infancy stage. Just 400 private boats are registered nationwide, and almost all of them are motorboats.