The boat industry making big waves

The outlook for the Chinese yacht industry is one of mixed optimism and concern.

In response to the growth of the Chinese market, the big European boat builders, such as Sunseeker International Ltd and Princess Yachts International Plc, have established operations in the country, where they see greater opportunities than in their home markets which are plagued by economic uncertainty.

China's yacht industry was worth 4.15 billion yuan ($665 million) by the end of last year and 2.1 billion yuan came from sale of luxury vessels worth at least 2 million yuan, according to the 2014 Yacht Report released by the Fortune Character Research Center, an industry information provider.