Buoyant vessel builders on crest of a wave

An upgrading of China's official fleet has provided a significant boost to previously sluggish sector, reports Shi Jing in Shanghai.

The country's economic slowdown and Beijing's tighter controls on extravagance have hit the luxury yacht builders hard.

But, according to Huang Zhengang, secretary-general of the yacht division of the China Association of the National Shipbuilding Industry, it has provided a much-needed boost to smaller and more affordable yacht makers, which have also been enjoying rising sales of vessels used for official duties.