Yacht Building Success in China

K1W1 · 05-09-2011, 01:15 AM

Hi,

Just saw this on BBC.

http://www.bbc.co.uk/news/business-13320620

YachtForums · 05-09-2011, 07:53 AM

The 46% tax that China imposes on imported boats is hurting European and US builders, hence the rise of new Chinese yards. This deficit will only get worse as Chinese yards come up to speed, becoming more accepted worldwide. It might explain why three relatively new (to the Western World) Chinese yards have started advertising on YachtForums, putting their name on the same playing field with some of the most recognized builders in the world.

Over the past few months, we've added Dyna, SeaFa and Sunbird. The latter was a real surprise. As we put together the latest front page feature, it became clear this is a production boat building superpower... and I had never heard of them before.

NYCAP123 · 05-09-2011, 08:07 AM

Quote:

The 46% tax that China imposes on imported boats is hurting European and US builders

The playing field really needs to be leveled.

YachtForums · 05-09-2011, 08:27 AM

I've moved this thread to the General Discussion and retitled it for better indexing.

K1W1 · 05-09-2011, 08:31 AM

Quote:

Originally Posted by YachtForums

I've moved this thread to the General Discussion and retitled it for better indexing.

Hi,

I posted it under Sunseeker originally as this is part way through the article.

Mr Hui says the market in China for the deep-hulled, handcrafted luxury yachts that Sunseeker produces in Poole, Dorset has ballooned from "nothing" two years ago.

YachtForums · 05-09-2011, 08:38 AM

Yes, Sunseekers are really on fire lately...

http://www.gadgetsandgizmos.org/9-mi...owner-watches/

K1W1 · 05-09-2011, 08:45 AM

Quote:

Originally Posted by YachtForums

Yes, Sunseekers are really on fire lately...

http://www.gadgetsandgizmos.org/9-mi...owner-watches/

Hi,

As was reported yesterday right here on YF.

http://www.yachtforums.com/forums/127233-post11.html

Jorge Lang · 05-09-2011, 09:06 AM

I just came back from a two week trip visiting builders in both Taiwan and China. Just like builders in other parts of the world, their quality can vary depending on the dedication of the builder. The builder that is willing to spend just a bit more for quality components will produce a better boat with fewer problems down the road. There is no denying that their interior work is outstanding. A few builders have some nice surprises coming soon.

YachtForums · 05-09-2011, 09:13 AM

Quote:

Originally Posted by K1W1

...As was reported yesterday right here on YF.

Oops! My bad.

Just remember, if you go to China to build a new boat, this is what you have to eat during your stay...

(courtesy of Jorge Lang)

NYCAP123 · 05-09-2011, 02:36 PM

That would work as a good diet plan for me.

K1W1 · 05-09-2011, 03:01 PM

Hi,

Fish Heads actually have some pretty tasty meat in them above the gills and fwd towards the eyes a lot of which is often thrown away by people needlessly.

Fish Eyes themselves could one day help to save your skin, they are full of pure water.

ArcanisX · 05-09-2011, 05:37 PM

I know for many people that doesnt look too palatable, or even edible... Was there some time ago. But once you start, can't stop - most of it is either "normal" or even "very tasty".
If you do want to start, closing your eyes and skipping "what is it" question could help initially

As for boat building, same thing's happening as with automotive industry and many others. Yesterday, it was cheap and bad, today it's unexpensive and okay, those who remember (or merely know their history) "cheap Japan cars" can easily see where that's going.

Innomare · 05-11-2011, 03:48 AM

Is the 43 % tax only due on imported boats? If it was a luxury tax imposed on all yachts, it would be justifiable for a country which wants to keep the income gap moderate.

But if it's a protectionist measure to promote their own yards - that's very questionable. In that case, the US and Europe will probably do the same with Chinese boats.
End result: Chinese buy Chinese yachts, Rest of World buys Rest of World yachts,
=> Less competition,
=> Poorer quality for higher prices.

I don't think Japan became a good carmaker by taxing foreign cars.

Bruno

AMG · 05-11-2011, 04:28 AM

The new tax proposal is for all yachts used in China and the 43% is an estimation as a total of import duties and "VAT" on luxury goods; http://www.chinadaily.com.cn/china/2...t_12068458.htm

NYCAP123 · 05-11-2011, 05:09 AM

Quote:

I don't think Japan became a good carmaker by taxing foreign cars.

Yes they did.