Taxi reform a nice try

The taxi regulation guideline released by the Beijing municipal authorities is a small step toward properly managing the controversial industry.

The core of the guideline is that the number of taxies will be increased to meet the increasing demand in the capital.

Moreover, it stipulates that taxi companies in the city will no longer have permanent licenses; instead, they will be subject to reappraisal every six years. It also said the profits of taxi companies will be controlled.