Chinese GP

2012 FORMULA 1 UBS Chinese Grand Prix - 15 Apr 2012

Chinese GP

Circuit Name: Shanghai International Circuit
Number of Laps: 56
Circuit Length: 5.451 km
Race Distance: 305.066 km
Lap Record: 1:32.238 - M Schumacher (2004)
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In 2002, it was announced that the management of the Shanghai International Circuit had signed a 7 years contract with the Formula One Management to host the Chinese Grand Prix starting from the 2004 season until the 2011 season. The Chinese Grand Prix debuted on September 26, 2004, and was won by Ferrari’s Rubens Barrichello. The following year, it hosted the final round of the Formula One championship, in which the newly crowned world champion Fernando Alonso won and claimed the constructor’s title for Renault F1. In 2006, the Chinese Grand Prix was won by Michael Schumacher - his last victory in Formula One before his initial retirement at the end of the season.

In November 2008 the BBC reported a senior race official, Qiu Weichang, as suggesting that the loss-making race might be cancelled. Following a similar announcement about the French Grand Prix, Qui Weichang said that the race’s future was under consideration, and a decision would be made in 2009.

2010 came and went with no formal announcement of an extension to the initial 7 races deal struck in 2004. However, immediately after the 2010 Shanghai race Bernie Ecclestone, who manages the contracts with the various circuits, said of the 2011 calendar, "We are not dropping anything. [It’s] 20 races - getting ready for 25,"

It was only in February 2011 that a deal was agreed between F1 and the organisers of the Chinese round of the world championship. Reasons for the delay appear to have been over the fee paid to F1 to host the race. After racking up losses year after year, the organisers of the race refused to pay the fee required, reported to be amongst the highest paid to host an F1 race. F1 bosses appear to have reduced the fee and the new agreement to host an F1 race runs to 2017.

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