It is widely 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, and they are needs to build luxury cruising yachts in China. Previously, these were making most of the components, now they’re making entire luxury yachts. But before abdichtung complain, realize that China is really a huge market for yachts, and the Chinese are just naturally boat people (remember the Treasure Fleet), especially those that live close to the water, or in the major cities and also have accumulated a great deal of wealth.
There was an interesting 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 US will slowly start to see the disappearance of companies making high-end yachts, as there is no way they’ll be able to compete. A number of reasons things are floating over 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 would a karaoke lounge.
Okay so not only can the these boats be produced less expensively with low-cost labor, however the Chinese luxury cruising yacht business is booming with many wealthy Chinese seeing this because the ultimate because of their wealthy status. The article also stated that the Chinese lack the intensive knowledge to build these yachts, but they are catching on quickly through foreign partners. In analyzing the problem, I start to see the Chinese as capturing this industry aswell.
No, that doesn’t bode too well for all those in Florida that are yacht builders, and employ a large number of people. Each time we discuss manufacturing in the United States, we talk about how jobs have increased, and we have been the major manufacturer to the world, however in reality China is passing us, plus they are creating jobs quicker than we have been, and even if their economy sputters, they will end up over time with an excellent chunk of our manufacturing industrial base.
Along with such super specialties as the making of airliners, corporate Jets, luxury yachts, and other items that Americans currently appear to excel at. Needless to say, there are many of yacht manufacturers in the Mediterranean, plus they too may lose those jobs to China. Can you purchase a luxurious cruising yacht from China? Even though you say no, what if I said you can buy it for a third of the price, as well as half? You see, even you had to stop and consider that. Please consider all this.
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