Chinese yacht firms set sail in the domestic market
By Wang Ying | 皇冠体育app Daily | Updated: 2010-04-10 07:28
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A visitor takes photos of a yacht displayed at a luxury show in Guangzhou. Chinese yacht makers have seen falling demand in the overseas markets. 皇冠体育app Foto Press |
SHANGHAI - During the financial crisis that eroded international yacht orders, shipbuilder Zhangzhou Yihong Yacht Industrial Co Ltd turned adversity into advantage by transforming itself from an original equipment manufacturer (OEM) for an Italian yacht brand into a manufacturer of its own brand, the Sea Stella.
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