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F1 Chinese Grand Prix draws 220,000 spectators

China

China

China

F1 Chinese Grand Prix draws 220,000 spectators

2025-03-24 19:10 Last Updated At:19:37

The Chinese Grand Prix, a key stop in the Formula One World Championship, wrapped up in Shanghai on Sunday, with attendance reaching around 220,000 spectators, according to the event operator.

The Shanghai event marks the second race of the 24-race Formula One season. Since its debut in the Chinese metropolis in 2004, the F1 Chinese Grand Prix has become a globally recognized sporting event and a significant highlight on the city's sports calendar. As this year coincides with the 75th anniversary of F1, the event drew massive interest.

Outside the event venue, a 32,000-square-meter area was transformed into a free, one-stop automotive culture experience for the public. The venue featured car displays, interactive zones, music stages, and food stalls, offering diverse activities for fans and families alike.

In addition, the Shanghai Jiading District, where the race venue is located, also holds the Shanghai Automobile Culture Festival simultaneously, introducing themed tourism routes and promotional packages combining race tickets with hotelstays and local attractions.

"During the F1 Chinese Grand Prix this year, spending on dining, accommodation, transportation, and entertainment reached a new high. The occupancy rate of major mid-to-high-end hotels in Jiading averaged over 95 percent," said Jin Fen, Deputy Director of the Jiading District Culture and Tourism Bureau.

According to event organizers, 10 percent of the spectators were international visitors, 20 percent were locals of Shanghai, and 70 percent traveled from across China.

"I've been in China (for) two months. I was traveling around. I love it. Shanghai is amazing," said a Russian visitor.

"I come from Jingdezhen City in Jiangxi Province. I've been watching the games for three days," said a Chinese boy.

"I arrived on Friday [to] visit the city, visiting several places like Zhujiajiao, Suzhou and the center of Shanghai," said a visitor from Italy.

Yang Yibin, chairman of the F1 Chinese Grand Prix operating team, highlighted the event's broader impact.

"The three-day event attracted approximately 220,000 spectators. Shanghai has established a coordinated mechanism integrating culture, sports, commerce, tourism, and exhibitions. For major events like this one, it is important to make good use of this mechanism to promote consumption and drive economic growth," he said.

F1 Chinese Grand Prix draws 220,000 spectators

F1 Chinese Grand Prix draws 220,000 spectators

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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