Bicycle-sharing industry in China

Consider the regulation of an industry of your choice in a country of your choice, Outline the key elements of the industry and its regulation: What kind of market structure is there in the industry? Why regulation is necessary? Who regulates? What is regulated? What kind of restructuring/deregulation/privatisation have happened recently (if any)? What kind of regulation/deregulation/restructuring/privatisation measures would you recommend and why? Discuss one of the following statements with regard to the industry of your choice: