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Chinese Companies Propose Shanghai Track28 February 2003CHINA – As reported by the Thoroughbred Times: "A group of six Chinese companies led by Shanghai Industrial Investment (Holdings) Co. Ltd. has proposed building a $326.1-million racetrack complex on Chongming island in Shanghai. "… If finances are secured, then the companies will seek government approval. "…Breeders in the United States, Australia, and other nations have long eyed China as a tremendous potential market if the government allows racing to grow with the assistance of gambling |