Formula One news

Chinese Grand Prix likely to stay

According to the organisers of the Formula 1 race in Shanghai it is likely that the event will continue to be organised at the Shanghai International Circuit, unlike reports earlier this months where deputy director of the Shanghai sports ministry, Qiu Weichang, was quoted that he did not plan to extend the contract.

"I've spoken to Mr Qiu and he never said the Grand Prix was going to leave China," the general manager of event management at the municipality-owned company told Reuters in a telephone interview. "I think it's probably some misunderstanding in translation. I would say it's likely it will stay after 2010. Formula One has only been here for five years. To build a spectator base is not easy, it's a long term operation.

"We think Formula One is a very good product, a very good event for Shanghai city so at least from our company's point of view we want to continue promoting and building the event. Research shows there are more and more race fans in China, so I don't think we will say no to the Formula One Grand Prix."

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