Users can rent a bike at low cost, usually 1 yuan (15 US cents) an hour. By July, China had nearly 70 companies running shared bike businesses, with a total of more than 160 million shared bikes on the street. Users' bike registrations surpassed 130 million, the Ministry of Transport said on Thursday. A rainbow of shared bikes distinguished by company colors line many city streets, but in some cases, a lack of proper regulation has caused problems. An 11-year-old boy riding a shared bike in Shanghai was killed in a traffic accident in March, prompting discussions on how to keep children from using the bikes.

Source: The China Post August 03, 2017 17:48 UTC