Graham Lees

Building pleasure yachts for the world's wealthy is a multimillion-dollar industry in Southeast Asia that is quietly slipping its old moorings and heading north.

The lure of cheap labour in China is proving irresistible as boatyards from Taiwan to Singapore take up new berths from the Pearl River Delta to Shandong in order to cut costs and gain a competitive edge in the world market. The result is that China is adding another notch to its industrial belt - as a centre for luxury pleasure boat building. While elite European shipyards dominate the market for top-of-the-line, so-called mega yachts, China is inching into that niche also ......
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