Boat China 2014 E-newsletter

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Rapid Development Yacht Market with Growing Purchasing Power

Guangdong is one of the fastest growing regions in China. According to Beijing Evening News, GroupM Knowledge- Hurun Wealth Report ***3, released by Hurun Research Institute and GroupM Knowledge on August *4, revealed that the number of China’s multimillionaires grew by 3% in ***2 to 1.*5 million, while the number of billionaires reached *4,**0, up 2% from the previous year. At present, one out of every 1,**0 people in China is a multimillionaire, and one out of every *0,**0 people belongs to the billionaire class. Specifically speaking, Beijing ranks the first place with the largest amount of rich men, followed by Guangdong and Shanghai. Guangdong ranks the second with **2,**0 multimillionaires and 9,**0 billionaires. By the end of ***0, Guangdong owned *0,**0 multimillionaires. In less than three years, the total amount of multimillionaires grew at a pace of *8.*5%.

Chinese yacht market now is a rapid development yacht market with growing purchasing power, under such a situation, Guangdong Yacht Industry Association, organizer of the fourth Boat China & water sport Expo, have strived to the development of yacht industry. Boat China ***4, which will be held on March 1st*3st in China Import and Export Fair Pazhou Complex, will gather the rich men and potential buyers in China Guangzhou to. People are confident that both the economy condition and natural resources in our nation are beneficial to the development of yacht industry. And there is no doubt that it must have bright prospect in the near future.