Yacht economy lifts all boats

The global yachting world turned its attention to Sanya, Hainan province this week as the fifth China International Consumer Products Expo, held from Sunday to Friday in the provincial capital of Haikou, hosted its first dedicated international yachting exhibition in the coastal city, featuring 62 companies from over 20 countries and more than 150 vessels.

The exhibition, held as the expo's first sub-venue in Sanya, aims to foster collaboration across the yachting industry's production, education, research, innovation and investment segments.

At Tuesday's opening ceremony, the Sanya Cruise and Yacht Association issued the "Sanya Initiative for the Yacht Industry", calling on businesses, industry groups, research institutions and governments worldwide to build an open, innovative and sustainable yachting ecosystem.