Within a vast and humid hangar in southern China, workers in blue overalls, face masks and straw hats scale the hull of a 108ft superyacht that will soon be completed. The factory once catered for local demand but many boats made here are now bound for Australia, Thailand or Europe.
The drive for exports by Heysea, one of China’s largest yachtmakers, is a sign of how companies are adapting to a downturn in China’s domestic yacht market, once seen as a great prospect for the global industry.
“The domestic market is not good,” says Allen Leng, Heysea’s chairman. “We are going overseas because of a lack of certainty in the Chinese market.”
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