Chinese recalls damaging yacht sales

Sept. 27, 2008 at 5:01 PM
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ZHUHAI, China, Sept. 27 (UPI) -- U.S. purchases of yachts made in China are being torpedoed by recalls of other Chinese-made goods, sales executives say.

Tricon Marine Senior Vice President David Adams, whose Florida company has its luxury boats made in the Asian nation, said even mentioning the yachts are Chinese-made scares away some customers, The Austin (Texas) American-Statesman reported Saturday.

"I've come across people who refuse to buy something made in China because they thought that it wasn't good enough quality," he said. "But the yachts we build can be as good as any in the United States."

Some yacht companies have been following a growing business trend by having their products made in China, where labor costs are significantly lower than other parts of the world.

While consumer confidence in Chinese products may be shaken by the ongoing tainted milk import crisis and similar incidents, an official with the Beijing consulting firm Dragonomics assures such incidents are not indicative of all Chinese goods.

"We've had a decade or more of industrial development that has created more skills in the work force," Dragonomics Managing Director Arthur Kroeber told the American-Statesman. "The range of things that it's possible to do in China is continuously expanding."

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