People's Daily Online reported that Owners of yachts - a luxury that is gaining popularity among China's newly rich - will have to pay an annual vessel tax based on the length of their craft if a draft law is passed by the top legislature.
Liu Dianfang, chairman of the yacht industry association in Xiamen, in East China's Fujian province, estimated there are 300 luxury yachts in China that each has a value of 3 million yuan or more.
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MANGUSTA YACHT CHARTER
Luxury Mangusta 92, up to 12 guests, from euro 7,500 until 1st May, 2013
