It is well known in the general aviation business that the manufacturing of small aircraft, corporate Jets, and also airliners is slowly shifting to China. The same thing is happening in the recreational marine boating business, plus they are starting to build luxury cruising yachts in China. Previously, they were making a lot of the components, now they’re making entire luxury yachts. But before you complain, recognize that China is a huge market for yachts, and the Chinese are just naturally boat people (remember the Treasure Fleet), especially the ones that live near to the water, or in the major cities and also have accumulated plenty of wealth.
There was a fascinating article recently published in Bloomberg Business Week (May 9 – May15, 2011) titled “China’s Next Port of Call: Luxury Yachts” which stated that the is headed to China, and the blissful luxury yacht makers of Europe, Australia, and the united states will slowly see the disappearance of companies making high-end yachts, as there is no way they will be able to compete. A few reasons things are floating to China as per this article;
1. – Lower Costs and rising wealth fuel growth at mainland boat builders.
2. – They use boats no differently than they might a karaoke lounge.
Okay so not merely can the these boats be made less expensively with low-cost labor, but the Chinese luxury cruising yacht business is booming with many wealthy Chinese seeing this because the ultimate for their wealthy status. This article also stated that the Chinese lack the intensive knowledge to build these yachts, but that they are catching on quickly through foreign partners. In analyzing the situation, I start to see the Chinese as capturing this industry aswell.
No, that doesn’t bode too well for those in Florida that are yacht builders, and employ a large number of people. Every time we talk about manufacturing in the United States, we talk about how jobs have increased, and we are the major manufacturer to the planet, however in reality China is passing us, plus they are creating jobs quicker than we are, and also if their economy sputters, they will end up over time with a good chunk of our manufacturing industrial base.
Alongside such super specialties as the making of airliners, corporate Jets, luxury yachts, along with other things that Americans currently seem to excel at. Needless to say, there are a number of yacht manufacturers in the Mediterranean, plus they too may lose those jobs to China. Can you purchase a luxurious cruising yacht from China? Although you may say no, what if I said you could buy it for a third of the price, or even half? dichtungen see, even you’d to stop and consider that. Please consider all this.
Business… yep, that's it.