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09.12.2020, admin
China's yacht industry shows potential - CGTN
Stay informed with the latest superyacht news: luxury yacht builder updates, launches and deliveries, plus yacht designs and concepts. CHINA Luxury Yachting News. China Yacht Charter. China, located in East Asia, represent the world�s most populated country and offers numerous destinations well worth a visit on board a superyacht. Guests embarking on a China Yacht Charter have the opportunity to explore the vast diversity of her natural landscape and rich cultural heritage. China charter yachts will take you along the seemingly endless Chinese coastline along the Pacific Ocean, bounded by the Bohai, Yellow, East and South China Sea. The Chinese rich actually do spend money collecting the best works of art, buying sports teams and golf courses. Nonetheless, big vessels remain taboo for them.� Yacht sellers did not anticipate the rapid take-off of Xi Jinping, who became general secretary of the Central Committee of the Chinese Communist Party in Shortly, he punished over thousand party members, as a result high-level officials had to forget about luxurious life attributives. Part of the propaganda, it has become almost a crime to flaunt one�s wealth in a public way, as million Chinese citizens live in poverty.� The name of the yacht was unveiled during a private ceremony held at the Dutch builder�s shipyard in Vlissingen.

Sat on a sun-dappled deck of a foot yacht sipping an iced-coffee and smoking a cigarette, Gordon Hui looks pleased with himself. They are just coming to talk delivery times," he says in between meeting prospective customers at the Hong Kong Gold Coast Boat Show. Mr Hui says the market in China for the deep-hulled, handcrafted luxury yachts that Sunseeker produces in Poole, Dorset has ballooned from "nothing" two years ago.

Since then Sunseeker, which makes boats a year, has sold around 25 yachts to Chinese customers. China's seemingly insatiable appetite for luxury is a boon for yacht-builders, and other makers of luxury goods, at a time when traditional markets in Europe and the US are struggling. But it is not all smooth sailing in China for the predominantly European makers of these rich man's toys. No-one doubts that China's billionaires have deep enough pockets and a taste for ostentation that a super-yacht amply satisfies.

But high taxes, onerous regulation and a lack of suitable marinas and berths may limit the industry's expansion. Yacht builders also face emerging competition from local upstarts keen to get a slice of this lucrative market. He adds that open deck areas are smaller as Chinese are not usually devotees of sun-bathing and water sports.

One recent client asked for the master bedroom to be turned into a karaoke parlour, notes Mr Yim. Despite an 18,km coastline, extended trips around the Chinese coast are difficult because there are strict rules on where private boats can sail. Boat owners require special permits to travel on their yachts from province-to-province and large yachts are treated as commercial ships. From a distance, the feet Accelera looks like the other Italian, US and British made yachts on display at the boat show, with its sleek hull and sharp lines.

Samuel Wong, executive director of the company that built the boat, says he chose Accelera as the company's brand name because "it sounded Italian". His father's shipyard used to build fishing and houseboats but Mr Wong believes his new approach will pay off as the existing international super-yacht brands are not yet well established in China.

Inside the yacht, which boasts a karaoke lounge complete with a disco glitter ball, it smells synthetic and compares poorly to the glossy interiors of its European rivals. But Mr Wong and the half a dozen other Chinese yacht builders that have sprung up are a tangible example of China's move away from mass production into higher value goods. The buyer of Mr Hui's five Sunseeker yachts, Frankie Chan, is matter-of-fact about their bumper purchase when I contact him by phone.

Mr Chan is the vice president of Oursjia, a members-only luxury rental company based in the southern Chinese city of Guangzhou. The company looked into to buying the yachts just three months ago in response to demands from some of their , clients. It estimates that 50, of its clients are potential users of the Yacht Builders Seattle Inc yachts, which come with their own captain and crew provided by Sunseeker.

He has good reason. Taste for luxury. Karaoke dens. Yacht builders are keen to cater to the different tastes of their Chinese clients. Instead they prefer more inside space to host their guests. Not quite Monte Carlo. There is also a lack of marinas and the ones that do exist are hardly Monte Carlo standard. Made in China.

Bumper purchase. And, it appears super-yachts are not the only items on their clients' wish lists.


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