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The
minister, Yang Chuantang, was speaking to reporters on Monday on
the sidelines of China's annual parliamentary session.
Companies like Didi Kuaidi and Uber are spending billions of
dollars in heated competition, using investors' money to fund
discounts for users and drivers' wages on their apps.
The massive popularity of apps like Didi Kuaidi and Uber in
China has, like in many countries, posed problems for government
regulators. Those companies partly operate in legal gray areas,
with their unlicensed private car drivers and subsidies
undercutting state-owned businesses causing particular concern.
China's transport ministry said in a statement on Monday it will
also "vigorously press ahead" with taxi industry reform, but
offered few details.
"There is a compelling need to deepen the reform of the taxi
industry and regulate taxi services to put them on the track of
sound and sustainable development," the statement said.
But, when asked on Monday, Yang gave no specific timeline for
when final ride-hailing regulations would be issued.
(Reporting by Jake Spring; Writing by Paul Carsten; Editing by
Michael Perry and Muralikumar Anantharaman)
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