Shanghai Draft Taxi Law Would Back Robotaxis and Ban Ride-Hailing Price Discrimination
Draft Shanghai taxi regulations would merge cabs and ride-hailing, promote self-driving taxis and bar algorithm pricing. Comments are due Nov. 3.
China
China’s Communist Party Expels a Record 33 at Fifth Plenum as a Quarter of Seats Sit Empty
China’s Communist Party fifth plenum confirmed a record 33 expulsions, with 279 of 376 members attending and a general elevated to the Politburo.
China’s Central Bank Moves to Daily Overnight Repos at 1.25% in Shift to a New Policy Anchor
The PBOC overnight reverse repo will run every working day from Nov. 2 at 1.25%, a step toward a new policy anchor as China’s GDP growth holds at 4.5%.