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China becomes the new destination for super-yachts

Sales of super-yachts are likely to soar in China, as the country is forecast to overtake the rest of the world in millionaire numbers.

"The Asian market, particularly China and Hong Kong, is one of our most important and fast-growing areas of growth, with around 20% of our growth coming from there in 2008," said Luca Cristino, general manager of Azimut, an Italian super yacht builder.

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