Wendy Zhang/ Shanghai Daily news

As of this month, the city government has decided to subsidize cabbies on a temporary basis so as to ease pressure on their margins due to soaring fuel prices, according to a government work conference yesterday, cited in the Shanghai Morning Post.
Shanghai will establish a long-term and efficient system for the transportation industry to respond to fuel price fluctuations.
This year, rising fuel prices have driven up the operational costs of the local transportation industry. Following various suggestions, the city government decided to continue to subsidize public transport and also to temporarily subsidize the taxi industry.
As of this month, the government will cover most of the additional costs due to increasing fuel prices, with the remaining costs to be covered by the taxi companies themselves.
Two drivers working a taxi in turns can obtain 550 yuan (US$67) in total monthly subsidies and a solo operator 462.5 yuan. Of this, the government will offer 200 yuan, with the balance to be paid by the taxi companies.