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Entries Tagged as 'economy'

Lacking Sponsors, Guangzhou Asks Beijing for Help on the 2010 Asian Games

March 13th, 2009 · No Comments · Business, Government

“No one can avoid the influence of this economic crisis, and we are no exception,” Zhang Guangning, the mayor of Guangzhou in China’s Guangdong province told media recently.  ”We have some difficulties in developing stadiums and finding sponsors,” said the mayor. The 2010 Guangzhou Asian Games (2010广州年亚运会) will need 50 stadiums, 20 training facilities and 10 back-up stadiums, of [...]

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China May Drop F1 Race in Shanghai As Its Economy Slows

November 15th, 2008 · 2 Comments · Business, Racing

Chinese Grand Prix, hosted at the $450m Shanghai International Circuit since 2004, may see its end in 2010 when the contract with F1 expires. “We’re doing the assessment. By next year we should be able to give you an answer,” Qiu Weichang, deputy director of the Shanghai Administration of Sports, told AFP on Thursday when [...]

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