Is Regulated Verse Used In Modern-Language Poetry? According to The Infallible Wikipedia, most modern Chinese poetry (新诗) is metrically free and unrhymed, sometimes hard to distinguish from a short essay.

Are rhyme or tonal schemes along the lines of Regulated Verse ever used in poetry written in modern Mandarin, or is it relegated to Classical Chinese poetry?
Regulated verse is indeed used by some poetic societies in the New Culture Movement. Among them Crescent Moon Society is a prominent one.