Tide yet to turn for Chinese yachting

Posted on Aug 23rd, 2010 with tags .

Dong Yongquan has been under intense pressure ever since the Beijing Olympic Games ended in 2008. As the president of Qingdao International Yacht Club, he is running the 15.5-hectare harbor built for Olympic yachting events – and is supposed to turn a profit. ‘The harbor is eating up 50,000 yuan (about US$7,350) every day in maintenance costs and if I don’t attract enough members, I can lose millions every year,’ Dong said.

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