Yachts, the next luxury goods for rich Chinese – Li Jiajia

From China News Agency (link):

The 11th China International Boat Show opened at the Shanghai Exhibition Center on the 6th, when 300-odd global leisure yacht manufacturers, such as the world’s largest, B√©n√©teau S.A., and France’s top yacht brand Jeanneau, showed up one after another.

Statistics show that in the recent decade, only around 100 have passed inspection in Shanghai, while in mainland China, less than 50 yachts that are more than 10 meters long have obtained licenses. Owing to lack of relevant infrastructure for yachts, many rich Chinese have to take the trouble parking their luxury yachts in Hong Kong, Monaco or Miami.

As a rising market, China is currently short of related regulations on and infrastructure for yachts. Thanks to the 2008 Beijing Olympics and the 2010 Shanghai World Expo, however, infrastructure for leisure boats and a group of international yacht clubs with complete modern features are being rushed for construction in China for the moment.

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