Sinopec planning for Asia-Pacific expansion

Sinopec, the sponsor of the Chinese Grand Prix, says that it wants to use the sport to increase the recognition of the company brand and to open up new markets, specifically in the Asia-Pacific region.

There was a large delegation from Sinopec in Monaco led by Wang Jiming, President of Sinopec.

"Formula 1 is a good vehicle to further build international awareness in Sinopec," said Wang. "For the time being we are looking at the Asia-Pacfic region."

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