China transport regulators promise shakeup of taxi industry after widespread driver strikes

Regulators are promising changes in China's taxi industry following strikes by drivers in cities throughout the country over complaints about low pay and high charges by taxi companies.

The state-run China News Service on Thursday cited experts who said taxi companies, many of them monopolies, hurt drivers by charging fees of up to 9,000 yuan ($1,500) per month for a cab. The report appeared on websites of numerous Chinese news outlets.

The official Xinhua News Agency cited the Ministry of Transport as promising a "breakthrough" in creating a "modern transportation industry" but gave no details of possible changes.

Strikes have been reported in at least seven major cities including Nanjing in the east, Chengdu in the west and Shenyang in the northeast.