It is a little overreacting.

Affirmative action is not with its problems, but it also serves a practical purpose. Asian Americans in general are doing better than other minority groups.  We may all feel we are struggling financially in US, we are still better off than most of the Americans. It is time to think about giving back and help other groups, just like the White have been doing. It is not about defending our rights or being fair, it is more like sacrificing our interest for others.
The truth is I think Chinese in mainland need to learn to do the same for the poor there too, if they want to create a harmonious society. Let's face it, the pie will never be big enough for everyone.