Apax Partners buys up Golden Jaguar chain

Private equity firm Apax Partners announced Tuesday that it has bought Chinese restaurant chain Golden Jaguar. The company didn’t disclose financial details of the acquisition, but according to a report Tuesday from Dow Jones Newswires,…

Anxious travelers turn back to airlines

Passengers scared of rail travel have flocked back to airlines in the wake of Saturday’s Wenzhou high-speed train tragedy. Local travel agents report  many travelers have canceled  train tickets in favor of flights, and many…

The truth behind China’s rise in inflation

Inflation has emerged as one of the key social and economic challenges confronting the Chinese government this year. Some even fear that China is now exporting inflation to the rest of the world after many…

City takes a stand against bad taxis

Taxi drivers who refuse or try to cheat passengers will be punished in a new 12-day citywide campaign. It includes a crackdown on drivers who decline fares when they have the “available” light on, or…

On the road to progress

Medog in Tibet has transformed itself in just a decade from sleepy, cut-off county to a prosperous and environmentally aware tourist destination. Cheng Weidong reports. The first time I visited Medog, a remote county on…

Fatigued Zhang ousts Dokic

COLLEGE PARK, Maryland – China’s Zhang Shuai fought off fatigue to upset Australian fourth seed Jelena Dokic 6-3, 6-4 on Tuesday to reach the second round of a $220,000 WTA hardcourt event in suburban Washington….