Hainan’s old racecourse site in the east of Haikou has been turned into a residential project. Photo: Sidney Leng

In Hainan’s new free-trade zone, horse racing and betting dream still has many furlongs to go

After two previous attempts to set up the sport, success this time will depend on whether leadership can overcome reluctance to take political risks

Topic |   China economy

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Hainan’s old racecourse site in the east of Haikou has been turned into a residential project. Photo: Sidney Leng
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