1. The main adjustments include imposing a consumption tax on disposable wooden chopsticks and on luxury items such as yachts and golf clubs.
2. Different regions in China have varying rules and often confine owners of yachts to the region in which they purchased the boat.
3. It is predicted that yachts will become the next consumption growth indicator after property and automobiles.
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4. The report proposed the government to reduce the taxes on imported yachts, which currently account for 40 percent of the total cost.
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5. Demand for private yachts has gained traction in China over the past two years.
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6. More than 100 famous yachts and 300 pieces of sailing equipment were on display at the fair.
7. In the bags were photos of actors and celebrities either in bikinis on yachts or in formal dress at parties.
8. Liu estimated there are 300 luxury yachts in China that each has a value of 3 million yuan or more.
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9. Wealthy Russians have purchased luxury homes across Europe and commissioned huge yachts.
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10. Currently, many orders have been cancelled and few people have shown interest in the finished yachts.