If you're going to spend $2.5 million on a yacht, you'd like it to be able to float. Alas, the SS Jiugang wasn't able to meet that basic requirement. The Chinese vessel made her maiden voyage in the ...

Since China has a ton of people making a ton of money these days, they’re just spending it wildly. Like buying $2.5 million yachts that don’t work. As the yacht was entering the water for the first ...

The boat's christening went totally wrong in the presence of senior government officials and distinguished guests. The SS Jiugang listed into the water of the Yellow River and workers worked hard to ...