Luxury Yacht Industry in China
With the rapid growth of the economy, China’s recreational marine market is forecast to expand sharply in the coming years. Business experts estimate that the overall market value will reach USD10 billion over the next decade.
Although there are at present only a handful of marinas in China, dozens more are either under construction or in the planning process.The Shanghai municipal government is in the process of announcing plans for the city’s yachting industry development for the next two decades. The government has decided to build sailing & motor yacting marinas and mooring centers along the downtown river as part of their efforts to re-establish Shanghai as a world-class city.
Other cities and areas in China that either have on-going marina projects, or are still in the planning process include Zhoushan, Qingdao, Dalian, Ningbo, Beihai, Dongguan, Shengzhen and Hainan Island.
CVL has invested significant effort over the last few years and has identified and has engaged companies with well known worldwide brands, designs and technology to work with and are ready to provide China with the necessary design, technology and know how. CVL is also targeting a number of potential acquisition opportunities.