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Chinaís Wealthy Not Making Big Splash in Yacht Market

Posted: Apr. 8th, 2013  |  By DailyLuxe News
While the demand for all things luxury is on the increase in China, it has yet to transcend into an influx of orders for yachts among the nationís superrich.

A recent report by The Wall Street Journal cites tons of government red tape for buyers to weed through and a shortage of trained crewmen as contributing factors in keeping sales low in China.

A survey by Shanghai-based research firm Hurun found that more than half of Mainland Chinese worth $1.5 million or more expressed interest in becoming a yacht owner. Meanwhile, companies are betting on growing domestic demand.
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