Updated:
Original:

Report shows increased demand for yachts in China

Despite China's robust economy, recreational boating remains an afterthought for most Chinese. Nevertheless, international boatbuilders see the world's second-largest economy as an enticing opportunity for sales growth.

"[D]emand for private yachts has gained traction in China over the past two years,”

China Daily said. “According to the 2010 Hurun Wealth Report, there are at least 875,000 millionaires on the Chinese mainland, and half have indicated they intend to purchase a private yacht."

Click here for the full report by China Radio International.

In related news, the Chinese marina Wuyuan Bay Port Deck recently expanded its capacity from 236 to 300 in preparation for the fourth annual China International Boat Show, which is scheduled to be held Nov. 4-7 on Wuyuan Bay.

The theme of this year’s show is “Yacht: Navigation in the Ocean of Leisure.”

Click here for the full report.

Related

CSP Joins ‘Thirty by Thirty’ Coalition

The Center for Sportfishing Policy and 54 coalition members submitted recommendations for the Biden Administration’s America the Beautiful initiative.

Entries Open for Neptune Awards

The Marine Marketers of America is accepting submissions for its annual contest in 23 categories through Dec. 6.

CSP Joins ‘Thirty by Thirty’ Coalition

The Center for Sportfishing Policy and 54 coalition members submitted recommendations for the Biden Administration’s America the Beautiful initiative.

Take Action Now

We must take action to push Congress to reauthorize the Sport Fish Restoration and Boating Trust Fund. Here’s how you can help.

Southern Marinas Acquires Missouri Facility

Millstone Resort and Marina on Lake of the Ozarks is the fifth addition this year to the company’s portfolio.

Forbes Names Brunswick a World’s Best Employer

Brunswick ranked in the top 15 percent overall and in the top 10 for companies in the engineering and manufacturing category.

Fountaine Pajot Names Dealer

Atlantic Cruising Yachts Texas is the French builder’s exclusive representative for the Gulf Coast.

KingFisher Boats, Barnacle Form Partnership

The boatbuilder will offer Barnacle’s BRNKL remote monitoring system on several model year 2022 boats.