Chinese yachting market

Chinese boating industry statistics

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  The total value of import/export trade across China’s borders in the yacht and leisure boat market grew by 25.7 per cent over the last year to US$476m. According to new statistics, exports accounted for US$258m – an increase of 24.1 per cent – while imports grew by 24.1 per cent to US $218m. Like … Read more

Encouraging Chinese to own yachts is the biggest challenge this industry faces

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While several marinas have been developed along the China’s eastern coast in the past five years, Chinese coastal waters are still strictly regulated, and import duties of 43 percent have dampened the development of a vibrant yachting culture. In 2009, the Chinese yachting market was worth $440 million, according to a recent report by China … Read more