XCMG's acquisition of the Bored Ape Yacht Club (BAYC) NFT with the serial number 3489 has also gained industry attention.

徐工收购序列号为3489的无聊猿游艇俱乐部（BAYC）NFT也引起了业界的关注。

In the past two years, MAHÁ•Beijing has integrated super high-end resources such as the Halan winery, luxury jewelry maker Chopard, the MAHÁ luxury private yacht club and Innohealth.

Many opportunities are also emerging from the provincial government's announcement last month that it would introduce more open visa-free entry policies and further simplify entry procedures for cruise ships and yachts, as well as the central government's plan to build the province into a high-quality pilot free trade zone by the end of 2020 and a free trade port by 2035, Li noted.

The 13 cruise ports in the nation handled 364 international cruise vessels during the first six months of this year and received 1.78 million passenger trips during the same period, said China News Service, citing a recent report from the China Cruise and Yacht Industry Association.

M&As help Weichai to evolve from an engine-maker to conglomerateWeichai Group, a State-owned enterprise or SOE based in Weifang, East China's Shandong province, has metamorphosed from an engine-maker until 2009 into a conglomerate now, with a global presence across powertrain systems, intelligent logistics, automotive, construction machinery and luxury yacht sectors.

Weichai is tapping into the marine market through strategic restructuring of the Italian Ferretti Group, the world's largest luxury yacht manufacturer, Tan said on March 20 in Rome.

"Zhongwang announced the acquisition of a majority stake in SilverYachts in October, an Australia-based all-aluminum super yacht builder, aiming to expand aluminum applications in the high-end marine sector.

Models sunbathe on the deck of a recreational a yacht show in 2015 in Sanya, Hainan province.

"Zhu said China is currently oversupplied with low-end commodity-grade metals such as aluminum, but in supply deficit for high-end products, such as high-end aluminum alloy for auto, airplanes, yachts and others.

One may have a thousand reasons to love the ocean, but for Stephane Gonnetand, 39, a French entrepreneur in Dalian, the love for the ocean comes from the joy of sailing in his yacht during the tides.

So far, the company has delivered 45 aluminum-alloy vessels to customers abroad and 14 Beneteau leisure yachts to Chinese customers, among which the biggest deal was worth more than 8 million yuan ($1.2 million).

On future prospects, Beneteau's official dealer for Northeast China considers yachts a developing but promising market in China.

"Yacht sailing is a very popular sport in our country (France)," Gonnetand said.

The new model of integrated management service of the yacht industry is a typical case among them.

The case focuses on the chain, digitization and intensive development of the yacht industry of Sanya, which is the first city in the country to carry out local legislation on water tourism.

By linking transportation, maritime, customs, border inspection and other departments, Sanya takes the lead in issuing local regulations to promote the development of yacht tourism, the classification of the types of sea used for yacht tourism and transaction service standards, establishing the first digital service platform for yacht tourism, and integrating maritime approval services and other facilitation measures, said Yin Chengling, vice-mayor of Sanya Municipal People's Government at the press conference.

In 2023, the total number of registered yachts in the resort city reached 1,367, with 230 being newly registered annually, making it a member of the city club with more than 1000 yachts and ranking top in China.

Sanya yachts set sail 161,100 times and receive 1.08 million tourists, with an increase of 67.22 percent and 82.84 percent respectively, surpassing the record high.

The number of passengers of the pilot operation of the night cruise charter yacht has exceeded 3,780.

Yacht exhibits and fashion shows also took place during the expo.

From Yachts, 3D printers and drones to diamonds, liquor and artwork, visitors can be wowed by the products they are able to see at the expo.

"We produce yacht accessories for the US market.

The documents include a positive "zero tariff" list for free trade port vehicles and yachts, a negative "zero tariff" list for cross-border trade in services and a catalog of encouraged industries.

The documents include a positive "zero tariff" list for free trade port vehicles and yachts, a negative "zero tariff" list for cross-border trade in services and a catalog of encouraged industries, the provincial government said.

Film producer Xu Weibin and Tian Feng, vice-chairman of the Qingdao Cruise and Yacht Association and founder of T&Z Marine, also shared their thoughts on Ningbo's development online.

By the end of April, the zero-tariff policy had reduced taxes for enterprises by 1.7 billion yuan, covering ships, yachts, production materials and equipment, and amusement facilities, said He Bin, an official with Haikou Customs in the provincial capital.

Aiming to be an international tourism and consumption destination, Hainan will boost high-end tourism consumption, cultivate new consumption growth areas featuring cruises, yachts, tourism and sports, and promote the international competitiveness of duty-free shopping, according to the provincial government work report.

After completion, the resort will cater to cruise ships, yachts and various water sports.

These included a measure that liberalized the application process for yachts registered overseas.

Featuring products such as helicopters, light aircraft, yachts as well as agricultural products, high-end kitchen appliances and skin care brands from the CEECs, it will provide a platform to promote more balanced trade.

The expo, which concluded on Monday, comprised 80,000 square meters, including 60,000 sq m of international exhibition space featuring products like cosmetics, automobiles, yachts and clothing.

According to official data, the expo will cover 60,000 square meters of international exhibition space featuring watches, cosmetics, jewelry, automobiles, yachts, consumer electronics, liquors, and food and health products of leading brands.

The expo will cover 80,000 square meters, including 60,000 square meters of international exhibition space featuring watches, cosmetics, jewelry, automobiles, yachts, consumer electronics, liquors, and food and health products of leading brands.

Hanse Yachts Group, a world-famous yacht manufacturer in Germany, also showed confidence in the Chinese market by participating in the expo because the yacht rental market is booming in Hainan and the policy of "zero tariff" for vehicles and yachts in the Hainan Free Trade Port, in particular, facilitated Hanse entering the Chinese market.

Production equipment imported by enterprises for own use is subject to negative list management, while the zero-tariff policy for transportation vehicles and yachts for transportation and tourism, raw and auxiliary materials imported for production within Hainan and imported goods consumed by residents on the island will be subject to positive list management.

Zheng Weihang, executive vice president and secretary general of the China Cruise & Yacht Industry Association, said that after two to three years of recovery, China's cruise market will usher in the "second golden development decade," showing the common development of the whole industry chain.

At a yacht tourism center in Sanya, a resort city in Hainan, tourists are eager to board the neatly lined up yachts.

Liu Chen, a tourist from East China's Zhejiang province, just returned from her yacht excursion with great excitement.

The ministry will step up efforts to promote purchases of new energy vehicles, smart home appliances and green building materials in the countryside, and accelerate the development of medical equipment, aviation, yachts and other industries, Zhao said.

Those who have the means can rent a yacht for a hefty fee, grab a marine fishing rod and head to the ocean to "catch a big one".

As the summer approaches, yacht companies are currently experiencing their busiest period to receive and fulfill orders, aligning perfectly with the surge in travel demand.

"Recently, we have been particularly busy, with the number of inquiries and orders doubling," said Liu Gang, deputy general manager of Haiquan Yacht Co Ltd, whose phone now rings incessantly with new business prospects.

Liu said the company's primary focus is the manufacturing of passenger boats and tourist yachts.

"Liu believes the shipbuilding sector holds immense potential for expansion, given the rising popularity of yacht tourism.

"Since the beginning of the year, we have witnessed a significant increase in order volume," said Xia Canhui, an employee of Hunan-based Taohuajiang Yacht Co Ltd. "To maintain stable orders and expand the market, our company has dispatched sales representatives to various regions across the country," Xia said.

They will be able to choose from a wide range of products, such as yachts, coffee makers, massage chairs, fruits, and wines, among others.

By 2025, China aims to preliminarily complete the building of an industrial system for the equipment of cruise ships and yachts, deliver domestically built large-sized cruise vessels, accelerate the manufacturing of mid-scale cruise vehicles, and achieve large-scale manufacturing of small-sized cruise boats and a wide range of yachts, the guideline stated.

In recent years, the development of cruise and yacht sectors in China has made substantial progress.

With a long industrial chain, the cruise and yacht sectors are on a path of development, and will significantly drive the growth of related sectors.

Besides, sailing on luxury yachts is also fast becoming popular among Chinese tourists.

Sailing trips on high-end French Lagoon and British Suneeker yachts were the most popular, said the Trip.

Hainan will introduce more open visa-free entry policies and further simplify entry procedures for cruise ships and yachts, according to a provincial government plan announced last month.

Liu said the revitalization plan, detailed in 30 items, applies to seven types of tourism-related companies registered in Hainan and businesses including travel agencies, tourist attractions, hotels and homestays, cruise liners and yachts, golf resorts and leading rural tourism spots.

To promote inbound tourism, Hainan will introduce more open-visa free-entry policies and further simplify entry procedures for cruise ships and yachts, while encouraging airlines to resume international routes, said the plan.

Jointly released by the China Cruise and Yacht Industry Association, which is under the National Development and Reform Commission, the Asia Cruise Academy of Shanghai Maritime University, and the China Ports & Harbors Association, the report said Chinese travelers' enthusiasm for cruise travel is attracting major operators that will likely bring state-of-the-art vessels to the market.

The 13 ports saw 969 cruises and 4.9 million visits, falling 17.95 percent and 0.98 percent, respectively, from 2017, according to research by the China Cruise and Yacht Industry Association and the China Ports Organization.

In 2017, the industry grew at a slower pace for the first time, according to the China Cruise and Yacht Industry Association.

In 2018, the island registered more than 140 outbound and inbound trips of cruises and yachts, receiving about 68,000 outbound and inbound tourists.

"In the next 10 to 20 years, the number of Chinese who take a cruise annually is expected to surpass that of the United States," says Zheng Weihang, executive vice-president and secretary-general of the China Cruise & Yacht Industry Association.

Growth in the world's cruise market is expected to come from China," said Zheng Weihang, executive vice-president and secretary-general of the China Cruise & Yacht Industry Association.

As the company's only production base in China, the Tianjin plant is targeting the rapid development of China's new energy vehicle and yacht sectors to expand its products and technologies to a larger market.

Japanese media have reported that the funds allegedly were used to pay for a yacht, among other things.

The funds are suspected by prosecutors thereafter of being used, at least in part, to purchase a 1.6-billion-yen ($14.35 million) luxury yacht for use by Ghosn's family and others, the sources said.

His team also said that the purchase of the multi-million dollar yacht has nothing to do with Nissan.

Svedberg made the remarks during a sustainable development forum hosted by the Volvo Group during the weekend in the southern city of Guangzhou, a stopover city for this year's Volvo Ocean Race, a yacht race around the world.

The carmaker said the concept draws inspiration from luxury sailboats and yachts, influencing everything from the clean, modern lines and paint that reflect the hues of the sea and sky, to the teak finishes, custom gear and wardrobe management system found inside.

The cabin now has the nameplate's most spacious interior ever, creating a personal sanctuary whose design is inspired by luxury sailboats and yachts.

Based in Zhuhai, the company is constructing an international sailing and yacht terminal and developing an uninhabited island to attract more international tourists.

To further tap the market potential for businesses, the government will offer more incentives to boost auto sales, encourage the use of new-energy vehicles in public transportation and hasten the development of cruises and yachts.