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Chinese GP secures three-year contract extension with Formula One

SEPANG, Malaysia -- The Chinese Grand Prix will remain on the Formula One calendar until 2020 after race organisers agreed a new deal with the sport's bosses.

In addition to a further three years of the race, the organisers also agreed to swap places with the Bahrain Grand Prix on next year's calendar, making the Chinese Grand Prix the third round of the season rather than the second. The news follows the recent extension of the Singapore Grand Prix contract for a further four years.

Speaking about China's contract renewal, F1 CEO Chase Carey, said: "We are very pleased to have reached an agreement which will see the Formula One Chinese Grand Prix continue as a fixture of the Formula One World Championship for at least a further three years.