China requires ride hailing services to sign labor contract with drivers

BEIJING (Reuters) - New regulations require China's online ride-hailing services to sign labor contracts with drivers, the vice minister of transport, Liu Xiaoming, told a news conference on Thursday. China has issued the final version of a policy to regulate booming online ride-hailing services, according to a document made public on Thursday, for a sector where Uber Technologies Inc [UBER.UL] and Chinese rival Didi Chuxing compete aggressively. (Reporting by Beijing Monitoring Desk)