China Abolishes Taxi Regulation
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The logo of Didi [File Photo: qq.com]

Two top authorities here in China have announced that they have abolished the current regulation for taxies as of last Wednesday.

The decision is part of the reform on the country's taxi industry that is looking to open the market to new players.

The regulation was imposed by the Ministry of Public Security and the Ministry of Housing and Urban-Rural Development some 2 decades ago.

It stipulates requirements for taxi companies and drivers, among other things.

Earlier this month, the country's transport authority said that they had handed over a plan for online taxi services to the China's Cabinet body, the State Council for further approval.

They also said they are working to create a fairer environment in the market.

China's taxi industry has been hit by taxi hailing apps such as Uber and Didi that come with better services and lower prices.

Author： 　　　Source：CRI　　　 Editor：Yang Fan