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    Rules for short-time car rental market will help drive it forward

    China Daily | Updated: 2017-06-05 07:42

    ON THURSDAY, the Ministry of Transport and the Ministry of Housing and Urban-Rural Development co-issued a draft regulation on propelling the development of the short-time car rental industry to solicit public opinions. Beijing Youth Daily comments:

    The car rental industry in the regulation mainly refers to the newly emerged car-sharing industry, and the draft spends many large paragraphs talking about the business model.

    Actually, the idea of short-time car rentals emerged earlier than that of the booming bike-hiring industry. However, within two years, short-time bike rental services have already taken off not only in metropolises such as Beijing and Shanghai, but also in a majority of second and third-tier cities. The total number of bicycles offered for shared use now exceeds 20 million and is expected to reach 50 million by the end of this year.

    Rules for short-time car rental market will help drive it forward

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