Up to seventy percent of the four thousand registered yachts in China are presently moribund with many yacht clubs losing their money, the senior industry members of China stated in an interview with the media earlier on Sunday.
Kuang Xiangrong, Royal Hong Kong Yacht Club members with thirty five years of yachting experience, said that yacht industry in China is in an unhealthy state. Several firms are clustering to high-end business yachts, few clubs have equivocal orientations, as well as avenues for profit making are especially narrow, Kuang said, adding that the lack of government policy support and infrastructure means that yachting in country remains in a primitive state.
Around four thousand yachts are filed in the mainland, with most grounded in Shenzhen as well as south China’s Hainan Province, as per China Association of the National Shipbuilding Industry. Continue reading “Yacht Industry of China to has room for development”