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Bernie: Chinese GP won't disappear

Tuesday 21st April 2009

Bernie: Chinese GP won't disappear

Bernie: Chinese GP won't disappear

Although the Chinese Grand Prix continues to run at a big loss, Bernie Ecclestone is optimistic the race won't disappear from the F1 calendar.

Organisers of the race are yet to confirm if they will sign a new five-year contract once their current deal expires at the end of the 2010 season.

F1 surpremo Ecclestone, though, is confident the race would still be around in 2011, saying: As long as there is China, we will be here.

"Asia is growing while lots of parts of the world are dying. That is the difference."

Ecclestone admits he is disappointed with the lack of financial backing from Chinese companies.

"It is disappointing that it is not supported by local companies," Ecclestone is quoted by Reuters.

"I think they are missing an awful lot. It seems to me in China nobody cares about branding and a grand prix is a good chance to promote a brand."

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