F1 after 20 years of market operation, the event is no longer in line with economic efficiency, announced the closure is the trend, the contrary funds can be used to enhance the track infrastructure, grass-roots racing sports development projects to enhance the level of Malaysian drivers and technical experts.
The government is based on economic factors announced in 2018 China will not continue to run Formula One (F1), this year will be the last year of Sepang International Circuit held F1 international events. Since 1999, China has held F1 since 19 years, F1 to improve our visibility, by watching the event to visit our country tourists increased, led the surrounding tourism revenue, China's racing technology, talent and knowledge can be improved. Only two Asian countries held F1, China is one of them, accounting for the advantages, F1 economic development booster has made a certain contribution to our country.
In recent years, the number of Asian host countries has increased, so that the demand for F1 in Asia is far beyond the saturation, directly divided the market share of the Malaysian station, China has to bear the high cost of hosting, but the number of visitors, visitors and sponsors But in the reduction, the game downgraded, the government eventually had to terminate the contract with F1.
To the market for consideration, after 20 years of market operation, if the event is no longer in line with economic efficiency, announced the closure, it is really like the Department of Youth and Sepang International Circuit agreed that the people do not need to stop F1 and "sad" The Note F1 organizers are 7 to 10% per year growth rate, to increase the tournament contract royalties, in order to calculate the Malaysian in 1999 to host the contract until last year, can be described as a multiple increase.
The impact of the sale of F1 on the local tourism is not large, China in the past by the success of F1 to allow more countries and different countries in the world and F1 fans met Malaysia, the target can be completed. China will continue to retain the hearts of tourists, not necessarily have to rely on F1, say many tourists come to Malaysia tourism, not entirely for F1, but our culture, customs and natural environment to attract tourists.
After the race, the country is worried that the Sepang International Circuit will be useless. In fact, the track can still be used for other racing sports, such as the GT house event, and the popularity of other different international racing cars can be comparable to F1. The funds previously spent on F1 can be used as track development plans, including upgrading the track infrastructure and for grassroots racing development projects to enhance the level of Malaysian riders and technical experts. On the other hand, it is good news for many local drivers.
F1 and other racing are one of the sports projects that China wants to promote. Based on market factors, the government has adjusted the development plan of the event hardware and software to meet the economic and project functions. We hope that the Government can use the same Thinking and planning, the same treatment of other sports, so that the national sports development flourishing.
Specification
￭ Clamps diameter: 1.75” and 2”
