The Extreme Sailing Series of the International Sailing Federation (ISAF) will be held in east China's Qingdao city from April 13 to April 17, announced an official of the local organizing committee Tuesday.
The Asia Sailing Federation (ASF) on Saturday presented Xia Geng, the mayor of Qingdao, with a special award to celebrate his contribution to sailing in Asia.
A new hotel is now under construction at the Qingdao Sailing Center of the 2008 Beijing Olympics with an estimated budget of 1.5 billion RMB ($223.7 million), and is due to be completed in the first half of 2013.
On the last day of the exhibition, a 78 million yuan yacht was sold, which is China's most expensive and the largest private luxury yacht in the history!
The first Olympic Sailing City Mayors & International Sailing Summit Forum was held in Qingdao
About five hundred sailors from 14 countries and regions will compete in the Qingdao International Sailing Week.
Yacht owners in China tend to keep a low profile, both to conceal their wealth and protect their privacy.
Mr.Jacques Rogge sent a message to the sailing-theme forum rating it as a "commendable initiative".
