Fong did not want to reveal where his funding has come from but Sun said a man known as Ricky R, who has invested in Chinese racers, funded some of his tournaments. Zheng said that entrance into the FIA's European championships cost between 500,000 and 700,000 euros ($685,800 to $960,120), while it could cost around 10,000 euros a day for practice.
"Sponsorship is everything to a driver's career," Fong said.
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Fong says that since tobacco companies were banned from advertising in F1 and alcohol brands have stayed away, sponsorship is hard to come by.
"The only big sources now are banks after cigarette and alcohol sponsors went. Drivers have to bring sponsors to the team."
The FIA defended their role in China and highlighted their work in the country.
"It's true that we do not have a Formula 1 driver in China yet. Undoubtedly a Chinese driver in Formula 1 would strengthen even more the popularity of this Championship in the country," a spokesperson told CNBC in an email.
"Our role is to support the growth and development of motor sport and the emergence of new talent everywhere in the world. We do that through our worldwide network of sporting clubs, such as those in China, as well as with training programmes organised by the FIA Institute."
The next superstars?
F1 is lacking one major component to be successful in China: a big Chinese superstar driver. Without this, aspiring young drivers in China have nobody to look up to in the sport.
"If there was a superstar driver in China, it would massively speed up the development of F1 in the country. The sport is tolerated not encouraged in China. The government is really worried about the image of spoiled kids associated with the sport, particularly with the rich and poor divide in China," Dreyer said.
This has not stopped Fong or Sun from dreaming of hitting the major league of F1. Both are hoping to reach that level at some point in their career, though Sun struck a bearish tone.
"I think to have a Chinese real Formula 1 driver we need to wait another 10 years. We'll need more Chinese drivers racing in Europe first. If I have a chance I will try to do it of course," Sun said.