On May 14th 2015, Asian/Pacific Islander American Chamber of Commerce & Entrepreneurship presented Margaret Wong the 2015 “ACE” Entrepreneur Award during the 2015 ACE National Conference in Washington.  This prestigious award is presented to outstanding business leaders like Ms. Margaret Wong who has built an exemplary business and are a role model for the Asian Americans and Pacific Islander business community.

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Margaret Wong, President and CEO of California Center, McWong Environmental and Energy Group and McWong International, Inc., has been doing business with US and China for almost three decades.  Margaret has been known as the “Business Empress” based on her success in linking multi-million dollar businesses between California and China, and at the same time serving as “unofficial ambassador” to China in her quest to promote better business cultural understanding between US and China. Thanks to her dedicated hard work and contribution to linking businesses between U.S. and China, Margaret Wong has won numerous other awards, including the 2012 U.S. Presidential “E” Award for Excellence in Exporting and the 2011 U.S. Small Business Administration (SBA) “Exporter of the Year”.

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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

Policy

Foreign Companies at Risk From Proposed Chinese Law – The Wall Street Journal China considers ban on infant formula ads – Reuters  China Halts New Policy on Tech for Banks – The New York Times China to launch three new free trade zones – The Star Online

Detailed plans for four FTZs announced – Ecns.cn

Market

China Frees Up $200 Billion for Lending to Stimulate Economy – The New York Times China Cracks Down on Golf, the ‘Sport for Millionaires’ – The New York Times China Speeds Up Solar Drive – The Wall Street Journal U.S. Government Bonds Lower on China Stimulus – The Wall Street Journal  Ex-Disney studio chief launches new company with $150 million from China – Los Angeles Times Aston Martin Turns to China to Soup Up Supercars -The Wall Street Journal Volkswagen to produce ‘green’ cars in China as premier auto show kicks off – South China Morning Post

Internet/E-commerce

58.com, China’s Largest Classifieds Site, Acquires Rival Ganji.com Aliyun, An Alibaba Unit, Is Building China’s First “Cloud Hospital” – TechCrunch

JD.com Takes On Alibaba With Its New International E-Commerce Platform – TechCrunch

Alibaba-Backed Baozun Files For US IPO – China Money Network

IBM Venture With China Stirs Concerns – The New York Times

Real Estate

China Housing Cooling Even As Developers See Double Digit Gains – Forbes What’s Behind China’s Worldwide Real Estate Gold Rush? Juwai’s China Manager Explains

Banking

China Makes Big Cut to Bank Reserve Requirement – Caixin  New Asian Development Bank Seen As Sign Of China’s Growing Influence – NPR 

Education

What Did China’s First Daughter Find in America? – New Yorker China Higher Education Initiatives to Bring More from Countryside to Colleges – Caixin

Chinese education platform Genshuixue raises US$50M series A – TechInAsia

Agriculture/Food and Wine

Money Does Removing Barriers to Agricultural Trade Ensures US Products Can Thrive in Foreign Markets  – USDAGrow on Trees as U.S. Forest Product Exports Set Record – USDA Ags rise as China, weather boost appetite for short-covering -agrimoney.com Trade mission to China promotes Wisconsin dairy products – Mikwaukee Wisconsin Journal Sentinel

U.S. forced to import corn as shoppers demand organic food

China considering harsh regulations for infant formulas – Digital Journal

China Business Insight

Uncommon Sense: China – Rise of The Local Giants  – Nielsen

Tesla Motors Inc (TSLA): Why Is It Failing In China? – ValueWalk

Why Netflix will have a tough time in China – CNN Money

   

The following blog was first posted on the U.S. Department Commerce website. The original link is http://www.commerce.gov/news/blog/2015/04/chinas-long-term-play

China’s Long-Term Play

April 20th, 2015 – Guest blog post by Margaret Wong, President and CEO of California Center (Golden California Inc.) and  McWong Environmental Technology

McWong Environmental Technology President & CEO Margaret Wong joins Commerce Secretary Pritzker, Ambassador Baucus, Deputy Energy Secretary Sherwood-Randall and other officials on 24-American company delegation to China
Californai Center and McWong Environmental Technology President & CEO Margaret Wong joins Commerce Secretary Pritzker, Ambassador Baucus, Deputy Energy Secretary Sherwood-Randall and other officials on 24-American company delegation to China

As a participant of a special 24-American company delegation to China, led by U.S. Secretary of Commerce Penny Pritzker and U.S. Department of Energy Deputy Secretary Dr. Elizabeth Sherwood-Randall, I came prepared to share with U.S. and China leaders about the latest in U.S. capabilities and the business opportunities for U.S. environmental and energy efficient technology and services to be utilized in China. In particular those technologies related to clean water, smart cities and the latest wastewater treatment techniques – with a highlight on unique solutions we use to treat specific contents of wastewater, by using mainly membrane and thermal technology in the zero liquid discharge processes. Thanks to U.S. leadership like that of Secretary Pritzker and Deputy Secretary Dr. Sherwood-Randall, there has been a very positive top-down approach to help build public-private partnership allowing businesses like ours to create bottom-up solutions that have been warmly received. Not only have I found a warm welcome by the numerous leaders we have met with along the way, but I have found a common thread that speaks to the larger picture, which is the deep interest to create better and improved methods for smart and sustainable growth in China.

A lot has been made about recent reports indicating a slow-down in China’s economy, noting a reduction from 10 percent annual average GDP gains from 1980 to 2012 to the latest numbers Wednesday, indicating that China’s first-quarter gross domestic product grew 7 percent, the slowest pace since the 2009 global recession. However, very little is being discussed about what I call “China’s long-term play,” to turn China’s economy into a more sustainable one. A recent Bloomberg article also illustrates this point by noting that at the same time that many are noting a reduction in GDP gains, they are failing to point out the “scent of fast money hovering over Shanghai, Shenzhen and Hong Kong, where stock markets are enjoying explosive rallies. The Shanghai Composite Index is up 94 percent over the last 12 months and some $4 trillion has been added to the total market value — now $7.3 trillion — of companies listed on domestic exchanges over the past year.”

The article goes on to point out that the services sector for the first time accounted for more than half, at 51.6 percent, of GDP in the first quarter and that consumption growth was also solid. These factors cannot be ignored. It is clear from our meetings with key government representatives, that China is focused on creating new and innovative solutions to not only sustain economic goals but also to improve living conditions and build more environmentally sound/efficient long-term investments into their cities. The U.S. has a unique opportunity to step up in these areas and assist China in meeting these admirable goals.

However, such investment in creating sound and sustainable growth will not come without some growing pains. My personal experiences and discussions during this trade mission lend credence to the notion that China is committed to the long haul. McWong Environmental Technology will do all it can to create sound clean energy solutions to assist in those efforts, to improve the overall quality of life in China – which in turn has global benefits for us all in terms of economic stability and improved health!

 

April 13th, 2015 

Chinese Premier Li Keqiang met with a U.S. presidential trade mission in Beijing on April 13, 2015 , urging stronger cooperation with the United States in clean energy, environmental protection and other areas.

US Commerce Secretary Penny Pritzker (L) and Chinese Premier Li Keqiang ( R)

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The delegation, consisting of 24 U.S. business leaders in the clean technology field, is the first-ever presidential trade mission sent to China by the Obama administration. Margaret Wong , President of California Center and McWong Environmental Technology (MET), an environmental engineering company headquartered in Sacramento with offices in Shanghai and Beijing, joined the mission with the other 23 U.S. business leaders. During the trade mission MET will be sharing with U.S. and China leaders its strong presence in China and the business opportunities for US environmental and energy efficient technology and services in particularly related to clean water, smart cities and the latest waste water treatment technologies that the U.S. can offer. “We are very proud to be the only Sacramento area company(MET) selected to join this group of world-class innovation leaders from the United States, all working for the common cause of decreasing harmful pollutants of water and air creating increased economic opportunity globally,” said Margaret Wong, President and CEO of MET.

Penny Pritzker-U.S Commerce  Secretary (R1); Margaret Wong-President of California Center (R2)
Penny Pritzker-U.S Commerce Secretary (R1); Margaret Wong-President of California Center (R2)

“China is accelerating a new type of ‘people-oriented’ urbanization plan, which offers a huge market for the advanced technology and management experience of the United States,” Li told the delegation led by U.S. Secretary of Commerce Penny Pritzker. Pritzker told Li that the mission shows how important the U.S. government considers its trade ties with China.

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Li urged combining U.S. technology, regulation and experience with competitive Chinese equipment and industries to jointly explore third markets. “This will help boost balanced growth of our two-way trade,” he added. Li said China is willing to enhance strategic trust and substantial cooperation with the United States, properly manage differences and jointly cope with regional and global challenges. Calling trade ties a “ballast” in China-U.S. ties, Li said the two economies are highly compatible, and both countries enjoy huge cooperation prospects in such areas as infrastructure, energy, information and environmental protection.

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Premier Li called on both sides to facilitate negotiations on a bilateral investment treaty (BIT) to reach a “high-level and balanced” agreement at an early date. China’s reform and opening-up policy and its commitment to World Trade Organization regulations will remain unchanged, he said. “China will continue to open wider to the world and will have a more transparent and predictable market,” said the premier. He welcomed companies from various countries to enter the Chinese market and enjoy fair play. Li pledged to treat Chinese and foreign companies equally and better protect intellectual property rights. The Chinese premier called on the U.S. side to ease high-tech exports to China and take effective measures to make Chinese investment in the United States more convenient.

Margaret Wong joined US Presidential Trade Mission

Pritzker told Li the U.S. side is ready to boost cooperation with China in areas such as clean technology, energy conservation and environmental protection. She welcomed U.S.-China joint cooperation in developing third markets, and welcomed more Chinese companies to invest in the United States. The United States will elevate BIT negotiations with China in a constructive manner in an effort to reach a list acceptable to both as soon as possible, Pritzker said.

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Policy

China Takes Another Step in Improving Rule of Law – Caixin

China Limits Neighbors’ Visits to Hong Kong After Smuggling Complaints – The New York Times

Market

China’s March exports shrink 15 percent year-on-year in shock fall – Reuters 

China Growth Last Quarter Seen Worst Since Global Recession – Bloomberg

Why Luxury Brands’ China Price Cuts Won’t Hurt Overseas Sales? – JingDaily

Trade Groups Try to Stem New Chinese Bank-Tech Rules – The Wall Street Journal

Economists React: China’s Consumer Prices Rise Slightly in March – The Wall Street Journal

KFC Owner Sows Upscale Seeds In Search Of China Rebirth – Forbes

Hank Paulson: Economic challenges, China — and the birds – USA Today

After U.S. chip block, China’s plan for 100 petaflop supercomputer may get delayed – Computerworld

Internet

‘Great Cannon of China’ turns internet users into weapon of cyberwar – The Guardian 

China Threatens Sina Corp. Over Insufficient Censorship – The Wall Street Journal

Ecommerce/Technology

E-Commerce Firms, Investors Take Note as China’s Shoppers Look Overseas – Caixin

29-Year-Old Zhang Lianglun Tailors Online Mall Beibei For China’s Young Mothers – Forbes

Time Still Not Ripe for Apple Pay to Enter China Market – Caixin

China’s Tencent Hits $200 Billion Market Cap for First Time – NDTV

WOWO Becoming China’s First O2O IPO Following Its Successful Initial Public Offering on NASDAQ – iResearch

Banking

China Moves to Strengthen Control Over Its Policy Banks – The Wall Street Journal

China Merchants Bank Soars Most in 6 Years on Incentive Plan – Bloomberg

Ping An Launches Subsidiary to Handle New Form of Net Investing – Caixin

Alibaba Unit to Set up Internet Bank in June – Mobile World Live

Real Estate/Investment

What’s Behind China Life Insurers Buying Up American Real Estate? – Forbes

A $250,000 Tour With One Aim: Get Chinese to Buy a Home – Bloomberg

Chinese Investors Bet on U.S. Apartment Development – National Real Estate Investor

Feng shui finds more fans in US real estate – ChinaDaily

The questions Chinese real estate buyers ask – Overseas Property Professional

The Reasons Why China Buys U.S. Treasury Bonds – Investopedia 

Agriculture

California Wines Fuel $1.49 Billion in U.S. Wine Exports in 2014 – PRNewswire

Hoping to woo China with white wine – The Press Democrat

Positive outlook for the California dried plum industry – Western Farm Press

As U.S. Grown Cranberries Gain Recognition in China, Seeing “Red” is a Good Thing – PRWEB

China Business Insight

 How to Build a Social Brand in China – Thoughtful China (Video)

March 25th, 2015

Davis, CA – California Center team was invited to join the workshop -Doing Business in China- by UC Davis  California Institute of Food and Agricultural Research (CIFAR) on March 25th, 2015 at the RIM Silverado Sensory Theather, UC Davis.  During the workshop, Margaret Wong, President and CEO of California Center, delivered engaging speeches about how California Center uses its network and Ecommerce platform to help California businesses to successfully do business in China.

Sharon Shoemaker, founder and director of CIFAR, makes introduction aobut CIFAR
Sharon Shoemaker, founder and director of CIFAR, makes introduction aobut CIFAR
Sharon Shoemaker, founder and director of CIFAR, makes introduction about California Center
Sharon Shoemaker, founder and director of CIFAR, makes introduction about California Center
Margaret Wong, President and CEO of California Center, delivers speeches about California Center
Margaret Wong, President and CEO of California Center, delivers speeches about California Center

In addition, Jia Chen, China Direct program manager from Cal Asian Chamber of Commerce, introduced the Chamber’s new program that is aimed to help California businesses to export to China. China Direct program is a federally funded program administered by the California Asian Pacific Chamber of Commerce under cooperative agreement with the International Trade Administration’s (ITA) Market Development Cooperator Program (MDCP) under the US Department of Commerce (USDOC). Operating in the largest exporting state in the U.S. and a leading global trade hub, the CHINA DIRECT is geared towards facilitating the long-term growth of California’s processed foods industry exports to China. The program is expected to generate an estimated $85 million in exports over the next four years. California Center has formed a strategic partnership with the Chamber to facilitate the success of the program.

Jia Chen, China Direct program manager from Cal Asian Chamber of Commerce, introduced the Chamber's new program that is aimed to help California businesses to export to China.
Jia Chen, China Direct program manager from Cal Asian Chamber of Commerce, introduced the Chamber’s new program that is aimed to help California businesses to export to China.

Also, Genevieve Herreria, California Manager from California Office of Trade and Investment, shared insights about how the trade office is helping both U.S. and Chinese companies to do business in the U.S. and China.

Genevieve Herreria- California Manager from California Office of Trade and Investment (R)
Genevieve Herreria- California Manager from California Office of Trade and Investment (R)
  Policy

Chinese Premier Vows Tougher Regulation on Air Pollution – The New York Times

China to ‘refresh’ policy on visitors to Hong Kong – Reuters  Market

China Plans More Action to Spur Growth – The Wall Street Journal

What slowdown? Chinese firms most upbeat in a year – CNBC

Uber enters electric-car market in tie-up with China’s BYD – MarketWatch

Opinion: China’s tourists are leaking money – MarketWatch 

China’s water crisis opens giant market for business -Eco-Business

Individual investors in FTZ will be allowed to invest in overseas stock markets – ShanghaiDaily

Ecommerce/Tech

Wired women: the $3tn women powering China’s tech boom – The Guardian

In an unexpected move, Tencent opens e-store on Alibaba’s Tmall – Tech In Asia

Banking

Mainland China central banker warns over fragmented control in bond market – South China Morning Post

China puts brakes on banks’ rate freedom – Financial Times

Real Estate

Evergrande Slashes Prices on Commercial Property in Bid to Hit Sales Target – Real Estate Institutional investors expected to put more money in real estate – ShanghaiDaily Education Penn Wharton China Center opens in Beijing – The Daily Pennsylvanian  Guangdong Couple Becomes China’s Latest Online Education Billionaires – Forbes Agriculture China Emerging as a Key Market for Agricultural Products – USDA Organic produce demand increases in Hong Kong -The Oregonian China Business Insight

How One China Strategist Leapt His Own Great Wall – China Business Review

The Dawn of Chinese Consultancy Companies? – China Business Review

Marketing to Chinese Millennials – Thoughtful China