Shanghai could lose its grand prix after it emerged that officials are considering scrapping the lost-making race when the contract expires in 2010.
According to AFP, Qiu Weichang, the deputy director of the Shanghai Administration of Sports, has revealed that that situation will be evaluated after this year's Chinese GP once again saw ticket sales tumble.
"We're doing the assessment. By next year we should be able to give you an answer," he said.
"We want to create a win-win situation, for our side and for Bernie (Ecclestone) and the F1 organisers as well.
"If this is something we can do, and our cooperation is very happy and smooth, we will consider it.
"Of course we would like at least to break even. But there are two factors, one is the assessment the other part is the win-win situation that we can create."
Qui also ruled out the possibility of the Chinese GP joining Singapore as the second night race on the F1 calendar
"In Singapore... holding the event at night is a good way to attract tourists to a small country," he said.
"I think Singapore is hosting this event in their own unique way but we have our own situation."
