HAIKOU /China/, October 21. /TASS/. In January-September, the yachting business in the resort city of Sanya on the coast of Hainan Island recorded a three-fold rise in new operators year-on-year. The municipal authorities registered another 25 businesses in the first nine months of the year, Sanya Ribao reported.
Sanya Ribao correspondents noted that the yachting business in Sanya has been developing dynamically thanks to the policy of preferences and transparency of the Hainan Free Trade Port.
CEO of Hainan Atlantis Yacht Club Meng Xiangrui explained that Sanya was “a strategic choice based on the perspectives of the free trade port and advantages of the [local] industrial park.” According to the businessman, owing to zero duties on a wide assortment of products, his company has the opportunity to significantly cut the costs of the import of prestigious yachts and components for them. Also, measures facilitating transborder payments help him save more than 20 million yuan (around $2.8 million) in operational costs annually.
Besides, the newspaper continued, the central business district in Sanya which hosts yachting operators has specialized marinas that can dock 52-meter-long superyachts as well as hundreds of berths. As cooperation with the leading operators in the sphere is established, new products for holidaymaking at sea are developed.
