"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 which 12 new stadiums are to be built. The city will also kick off new infrastructure projects including a train station and speedways connecting the stadiums.
Posts tagged ‘economy’
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 asked about the future of the racing event. Early this month, Shanghai Grand Prix was announced by F1 to be rescheduled to play in April next year, a move, according to Chinese media, is to avoid clash with the ATP Masters Series next October.