China is widely known as the world’s largest consumer of luxury goods and cruise ships.
The Chinese government has announced plans to develop a new luxury cruise liner that will be able to reach up to 40 times the speed of a typical luxury cruise, according to the state-run China Daily newspaper.
A total of 10 luxury cruise ships are already listed on a mainland-based offshore auction site, which is not listed in China’s official media, according the report.
The Shanghai-based luxury cruise operator, China Cruise Lines, is one of the largest Chinese cruise operators in the world, according a report from Bloomberg.
It is owned by a consortium of Chinese companies including state-owned China National Shipbuilding Corp. and Chinese Cruise Lines.
The company’s founder, Zhang Weimin, has previously said that the company’s aim is to build a 100-meter-long cruise ship that can reach speeds of 300 kilometers per hour (186 mph).
