China's Super Rich Are Set To Propel Luxury Yacht Sales

Boat builders are preparing for a rush of demand from China. Photo: Glenn Hunt

China Super Rich Set To Propel Luxury Yacht Sales -- USA Today/AP

HONG KONG — With their sleek, modern lines and polished finish, the two yachts built by Samuel Wong's shipyard fit right in among the multimillion-dollar floating palaces moored at a tony Hong Kong yacht club.

Onboard, a disco ball, karaoke system and garish neon blue accent lighting in the living quarters are hints that the vessel is aimed at the luxury yacht industry's newest growth market: wealthy Chinese.

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My Comment: China's super rich have an insatiable appetite for everything 'high class', so why not yachts.