Yachts Are Newest Status Symbol of China’s Ultra-Rich – Claudia Blume

Super_Yacht_from_Simpson_Marine_210.jpg From VOA News:

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 VOA’s Asia News Center in Hong Kong.

It is a beautiful, sunny day at Hong Kong’s International Boat Show, held at one of the city’s many marinas. Boat lovers from around the region take off their shoes and step carefully onto the stunning – and very expensive – luxury yachts being displayed by leading international manufacturers. Some of the potential customers are from mainland China, such as this man from , who made his fortune in the chemical industry. [Full Text]

[Image: Super Yacht from Simpson Marine in Hong Kong, from VOA News.]

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