After two years in the limelight as the nation’s biggest and most powerful racing network, Australian Formula 1 (AFS) is facing the prospect of facing new competition from the likes of the Chinese Super League and the Super Formula World Series.
But the reality of a global race network is less rosy than previously thought.
F1 has had some rough times as a business in recent years, as its financials have deteriorated in recent times, and there have been several high profile incidents over the past year.
The problem has not been the racing but the management of the sport, with the sport’s most powerful sport governing body, the FIA, failing to act on the situation.
As a result, the sport has been forced to look to new markets outside of its traditional home in Australia, including new opportunities in China, which is the second largest market for the sport after the US.
While the World Series is the main sport of interest to China, the Asian nation is also interested in a potential expansion into the F1 market.
The two-year-old F1 World Series in China has attracted a number of top teams and has been widely touted as a way for China to grow its participation in the world’s biggest motorsport series.
But despite the success of the F2 series, Chinese teams are struggling to get teams in to the top tier of the championship.
The lack of investment in the sport means that teams are not building their engines in the same manner as their counterparts in other countries, which means they can not build as many engines as they would like.
In order to get their cars to the front of the grid, Chinese drivers need to build their own engines and use their own tools, which often means building an engine of a different type to those used in other teams.
That has left the sport with a major financial challenge.
The FIA has previously been accused of using F1 as a vehicle for its own ambitions and it is now looking to the Chinese government for assistance in the race business.
“The Chinese government is currently in the process of looking at the race industry and its potential opportunities,” said a source in the F3 team, which has been a member of the FIA since 2011.
“They are also looking at F1 and its future.”
The Chinese Super Formula Championship is also being explored, with teams competing in the two races in China that the FCS currently hosts.
Despite the success in the Asian market, it is difficult to predict what the future holds for the Chinese race network.
With the new Chinese-backed teams coming on board, the Chinese team, Shanghai Racing, has a chance to secure a seat at the front row of the field, which would be its second time racing in F1.
However, it will need to put up a substantial fight if it is to be successful.
Its engine is powered by a Mercedes engine, while the Chinese squad has to rely on a Honda engine for its cars, which makes for an uncertain future for the car.
There are also concerns about the safety of the cars being used by Chinese teams.
F1 has always been a sport that has always had safety concerns in its past, with safety issues at the heart of many F1 accidents.
Last year, a driver died after being hit by a car at the British Grand Prix in Silverstone, England, which took place just days before the 2017 season.
An FIA source told Motorsport.com: “We are very concerned by the way the safety situation has deteriorated in the past.
It has been linked to the use of some of the new technology and some of which is unsafe.”
We have seen some serious incidents, particularly in the last couple of years.
“There are no easy answers, but it is important that we take this issue seriously.”
F1 is still very much in the early days of its existence, and the safety issues are still fresh.
It is also possible that the Chinese teams have the advantage of being able to test the new cars before they are sent to the F4 class.
However, a lack of support from the FIA could mean that teams have to take the risk of racing at a lower level of safety.
A number of F1 teams have already opted to stay in the Chinese league and have been able to compete in the upcoming Chinese Grand Prix.
China’s F4 driver, Wang Yongqing, is a fan favourite and is one of the most successful drivers in F3 history.
Wang, who has also won two championships in F2, is currently ranked number three in the driver standings, behind reigning champion Sebastien Buemi and current champion Fernando Alonso.
According to the FIA’s sources, Wang has a contract with the Chinese Formula One team until 2021.
One source said: “He will only be able to race in the new Shanghai F4, but he is very confident that he will be able compete in