CSSC to Establish Yacht Building Facility

China State Shipbuilding Corporation and the government of the Fengxian District of the Municipality of Shanghai have signed an outline agreement to establish the country’s largest yacht building facility, in the southern part of the Fengxian District of Shanghai, on the bay of Hangzhou. The new facility will build yachts for both home and export markets, but it is the latter that will be the main focus.