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Luxury Chinese Boat Launches, Sinks Immediately

Submitted by Tyler Durden on 10/12/2011 17:15 -0400

The following video is just replete with floundering symbolism of the Chinese economic miracle. One explanation for the fiasco: the boat's hold was filled with copper...

Via gCaptain:

Details of what actually went down in this incident are bit fuzzy being that most every report is in Chinese, but from what we gather, a highly anticipated luxury leisure boat being built by the city of Lanzou located in the Gansu Province of China nearly sank immediately after the vessel was launched on September 29th. The vessel, the SS Jiugang, reportedly cost over 17 million RMB (over $2.5m USD) and its launch failure was salt in the wounds for the already expensive and highly questioned project.

Thankfully, the vessel was not a total loss. The SS Jiugang was salvaged and is currently undergoing repairs for a second launching to be held soon.

We can't wait for the video from that one.

As for the first, here it is:

h/t Dan

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Thu, 10/13/2011 - 03:24 | 1768639 ZFiNX

wow. way to delete my comment T.Terden. I think the Zerohedge credibility stock has peaked. Every article I read is negative, negative, negative. This is especially true when you're posting about non-events like this crap. This blog is going the way of a brand that has such customer loyalty they begin to maximize profits by producing shitty products. Congratulations.

EDIT: I see my comment now. either way. the above still holds.

Thu, 10/13/2011 - 03:37 | 1768646 Vlad Tepid

Then go build your own blog where you can blow rainbow shitting unicorns up the collective ass all day long.

BTW, I've never seen them delete a single comment. You just have to be clever enough to find the Ctrl and F buttons at the same time.

Thu, 10/13/2011 - 05:12 | 1768716 squexx

So go back to Bloomberg or something, dipshit! No one is making you hang around here!

Thu, 10/13/2011 - 05:21 | 1768724 jomama

I LIEK TO GET ANGRY WHEN MY BROWSER BREAKS YOU PEOPLE ARE JERKS FOR REALS

Thu, 10/13/2011 - 04:11 | 1768675 Peter Pan

Maybe its a submarine

Thu, 10/13/2011 - 05:11 | 1768713 squexx

LOL! You CAN'T make this kind of stuff up!

Thu, 10/13/2011 - 05:21 | 1768722 jomama

so what you're telling us is that your yacht is not made in china

Thu, 10/13/2011 - 06:22 | 1768749 Papasmurf

LMAO at the manager 0:37 waving his arms "do something".

Thu, 10/13/2011 - 07:08 | 1768775 Corduroy

http://www.spiegel.de/international/world/0,1518,791392,00.html

Latest crazy empty Chinese city story but stupid for different reasons, worth a read

Thu, 10/13/2011 - 07:09 | 1768776 deus x machina

cheap chinese SHIT. does anyone notice the crap made in china breaks shortly after you buy it????

Thu, 10/13/2011 - 08:18 | 1768893 FunkyOldGeezer

ZH'ers have shown a great deal of ignorance in their comments on this thread. Virtually any boat, made by anyone else, anywhere else on the planet, would have had the same fate.

They tried to lauch it at too steep a trajectory, that's all. Rigid structures pointed down at that angle, tend to go under.

Thu, 10/13/2011 - 11:05 | 1769391 ChacoFunFact