Yachting: The tide begins to turn for China's saiing industry

Corporate entertainment

According to Morgant, most yacht buyers are in sectors such as real estate, finance and transportation, and use their vessels to entertain their clients. "The industry is developing so rapidly. New marinas are built in one to three years, and the sales revenue from boats is promising. However, despite all these factors, training and industry knowledge lag behind other countries," he said.