MAY 15TH, 2015

SACRAMENTO, CA – A special committee of community leaders, led by Celebration Co-hosts C.C. Yin Founder of the Asian Pacific Islander American Public Affairs Association (APAPA) and Margaret Wong, President/CEO of the California Center, has been formed to commemorate the 150th Anniversary Celebration Commemorating Chinese Building of the U.S. Transcontinental Railroad. The Opening Gala Celebration was held on Friday, May 15th, 2015 at the California State Railroad Museum in Sacramento, California to honor the thousands of Chinese immigrants who helped build our nation’s first transcontinental railroad and as a result helped to shape our nation’s history.

Sponsors and Hosts
Hosts and Sponsors of The Celebration
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C.C. Yin (L) – Founder of the Asian Pacific Islander American Public Affairs Association (APAPA) ; Margaret Wong ( R) – President/CEO of the California Center
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Photos courtesy of John Oback
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Photos courtesy of John Oback
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Photos courtesy of John Oback
 More photos can be found at APAPA Facebook Page: Link

Between 1865 and 1869, thousands of Chinese immigrant laborers toiled at a grueling pace and in perilous working conditions to help construct the world’s very first transcontinental railroad. Without Chinese workers, it would have been impossible to complete this historic expansion effort that played a major role in building America. The Chinese laborers worked through natural disasters, wars, and a changing transportation industry, but never received the full attention and credit that they deserved – until now!

“It is an honor to work with so many of our state’s community leaders to finally pay a proper tribute to the countless Chinese workers, many of whom gave their lives, to help build the first transcontinental railroad in the U.S. – forever changing the shape of progress and industry in our great nation,” said C.C. Yin, Founder of APAPA and Co-host.

A significant part of the celebration included the promotion and release of a documentary film which details the story of Chinese immigrants and their involvement in the building of the railroads. Over the last 10 years, the special documentary film crew for “The Silent Spike,” by Shandong TV & Media Group has been to America dozens of times. They visited numerous historical sites and museums along the pacific railroad to gather information on the Chinese workers. They visited the University of California, Berkeley; Stanford University, University of Reno, the Chinese Historical Society of America and other relevant agencies doing research. The group also interviewed more than 70 experts in history, business, political officials, the descendants of laborers, as well as several small historical town residents. They collected volumes of important historic information about the Chinese railroad workers and plan to share that wealth of gathered history, to help celebrate the 150th Anniversary of the workers during this series of special events.

During the Opening Gala, Professor  Xuejun Yang from Guangzhou Academy of Fine Arts exhibited his Sculpture The  Trailblazer, one of a series sculptures he has been working on since 2010 to commemorate the great contributions Chinese immigrants made to build the U.S. railroad.  More information about Professor Yang can be found at http://yangxuejun.artron.net/ .

Sculpture The Trailblazer by Professor Xuejun Yang was exhibited at he Opening Gala.
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Professor Xuejun Yang discussed about the stores why he created the sculpture.

For more details about the events and history, visit: www.railroad150.com

Market

China approves $40 billion of rail, subway projects to bolster economy – Reuters 

China retakes spot as biggest holder of U.S. debt – CNN Money

Netflix Said to Be in Early Talks With Chinese Companies – New York Times

Wal-Mart China Seeks Redemption With Alipay Partnership – Forbes

Spilling the beans on China’s booming coffee culture – The Guardian

Ecommerce/Internet/Technology

Wish, a Direct-From-China Shopping App, Lures Bargain Hunters – The Wall Street Journal 

China’s Xiaomi lands in the US, but leaves some things behind – CNET Baidu, China’s Leading Search Engine, Makes Strategic Investment In Content Recommendation Platform Taboola – Tech Crunch  China’s JD.com in online pharmacy tie-up with Shanghai Pharma – Reuters  Yiwugou.com Wins The Best Transformation Enterprise of China E-commerce Award – PRNewswire

Alibaba denies Kering accusations – Ecns.cn

Banking

Ready for the World Stage? As China Opens Up, Its Central Bank Remains a Mystery – Bloomberg 

Chinese banks took the four top spots in Forbes’ list of the world’s most powerful companies – Quartz  Tencent Expands Net Bank Experiment to 50,000 Social Media Users – Caixin

China may give go-ahead to opening bank accounts online – Ecns.cn

Real Estate

China’s northeastern region hardest hit by real estate downturn – South China Morning Post

Chinese housing inventories: a threat to growth? – Financial Times

 With China’s Real Estate Market Remaining Murkey, Buyers Continue to Go Abroad  – Jing Daily

Education

China’s Great Academic Leap Forward – Bloomberg

Agriculture/Food and Wine

Young Chinese wine drinkers driving ‘fundamental’ change – Decanter China’s Wine Industry Explodes, But Not Yet On The World Stage – International Business Times

China’s middle class turns to organics after food safety scares – The Guardian 

China Releases Harshest Food Safety Law in History – China Briefing 

China’s New Dietary Supplement Law Goes into Effect in October. But Will It Solve the Problems? – Nutritional Outlook

Farmers Markets with Chinese Characteristics – Huffington Post

China Business Insight

How China’s Disruptors Will Eat Your Lunch – Forbes

Top Chinese Art Collectors: What ( and Whay) They Buy – Jing Daily

Exclusive Interview: China Guardian President Hu Yanyan on Chinese Collectors and Corporate Changes – Jing Daily

 

Policy

Changes to Chinese Food Safety Law Include Tougher Punishments – Caixin Online Revised Food Safety Law In China Signals Many Changes And Some Surprises – Forbes

Market

China’s Long Bull Run – Barron’s Asian stocks recover as weak China PMI drive easing hopes – CNBC China’s People’s Daily Warns Of Risks From Stock Market Bull Run As Warren Buffet Predicts Prolonged Boom – International Business Times

IMF to Brighten View of China’s Yuan – The Wall Street Journal

China’s Fosun offers $1.8 billion for 80 percent of U.S. insurer Ironshore – Reuters

The U.S.-China Disconnect on Trade Deals – The Wall Street Journal

Why China is so tough for Uber to crack – CNN Money

Ecommerce/Internet/Technology

Royal Mail ‘shop’ brings British brands to China – Financial Times China Targets Online Shopping in the Gray Zone – Caixin Online Chinese Government (Finally) Ups Action Plan to Combat Gray Market – JingDaily

Mobile Internet Income to Speed up -Ecns.cn

Internet Giants Tap E-health Care Sector to Meet Demand -Ecns.cn

Banking

PMI Data May Push People’s Bank of China to Go Big on Stimulus – Bloomberg

China Rethinks Safety Net for Its Banking System – The New York Times

China’s Citic Securities Launches Global Investment-Banking Venture – The Wall Street Journal

Chinese banks are clobbering the US: Bove – CNBC

China’s Big Banks Show Weak Profit Gains Amid Slower Economic Growth – The Walls Street Journal

China to open bank card clearing market to foreign firms from June – Reuters

Real Estate

Has China dodged property Armageddon again? – CNBC

How The Search For Love Fuels China’s Housing Bubble – Forbes Chinese developer leads transformation of L.A.’s skyline – Los Angels Times  Real Estate Billionaire Wang Jianlin Is Back On Top As China’s Richest Man – Forbes

Education

As competition among Chinese international students for U.S. schools grows, so does fraud – USA Today

2015 Harvard Business School Executive Education China Programs Announced – MarketWatch

Study abroad prep classes in China criticized for high prices – Want China Times

Wine

Chinese delegation to attend inaugural Cal-China wine forum – Napa Valley Register.com China’s Wine Industry Explodes, But Not Yet On The World Stage – International Business Times

China overtakes France to become world’s second biggest wine-growing area – The Independent

Australian winemakers and Chinese importers work together to create a premium wine for the Asian palate  A bottle of Beijing, please: is Chinese wine any good? – The Telegraph 

Agriculture

Revised Food Safety Law In China Signals Many Changes And Some Surprises – Forbes China to strengthen oversight of GM crops under development – Reuters  We are entering a golden age of U.S.-China trade  – The Packer

Big China corn premiums may tempt buyers to step up imports – Reuters 

U.S. asks China to drop ban on poultry imports triggered by bird flu – Reuters 

World showcase: Wis­con­sin dairy im­presses at Chi­nese expo – The County Today

China’s slump lifts dairy competition – The Land