Yacht industry sails ahead

Xinhua News

China's yacht industry is expected to enter a new and promising stage with full-speed growth in the coming years, a sector association said. The number of yachts in the country will increase to about 100,000 in 2020 from about 3,000 last year, with the value of China's yacht business estimated to be 50 billion yuan ($8.16 billion) by then, the China Cruise and Yacht Industry Association said in its annual report released in May. The government's support for marine tourism is also a positive signal for the industry, said Zheng Weihang, secretary-general of the association.

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