Sou Hu Cai Jing·2025-10-24 15:32Core Insights - The yacht economy is emerging as a significant driver for domestic demand and industrial upgrading in China, with the potential to become a trillion-level new momentum for economic growth during the 14th Five-Year Plan period [1][2] Industry Foundation - China's shipbuilding industry has established a leading global position, with key metrics such as completed shipbuilding volume, new orders, and backlog orders ranking first in the world for 15 consecutive years, holding market shares of 55.7%, 74.1%, and 63.1% respectively [2] - The development of the yacht economy is expected to enhance high-value-added manufacturing, driving growth in related high-end industries such as composite materials, precision instruments, navigation communication, and interior design [2] Economic Impact - The yacht economy is recognized for its ability to integrate manufacturing and services, creating a new business model that connects supply and consumption [2] - Five major effects of developing the yacht economy include addressing manufacturing shortcomings, unleashing service consumption potential, promoting the integration of manufacturing and services, creating a rich employment ecosystem, and improving local infrastructure [2] Policy Environment - Recent policies have created a closed-loop system for the yacht economy, facilitating its development by removing barriers [4] - The Guangdong provincial government has set a target for the yacht and related industries to exceed 100 billion yuan by 2027, with initiatives to enhance operational efficiency through innovative management practices [4][5] Technological Integration - The integration of new energy and intelligent technologies is driving significant advancements in the yacht industry, with automation in production increasing from 31% in 2020 to 49% by 2025 [6] - Innovations in yacht technology, such as electronic fuel injection systems, are improving operational efficiency and reducing environmental impact [7] Market Development - The yacht economy should transition from being an elite sector to a part of mass consumption, with recommendations for clearer development planning and management [8] - The focus is on creating a favorable market environment without large-scale fiscal investment, leveraging digitalization and green initiatives to enhance the yacht economy's growth potential [8]