In China, women-owned businesses began to rise in the 2000s, with Chinese women owning an estimated 40% of all private businesses, according to 2010 findings. Historically, women in China were less likely to own businesses or have positions of power in organizations because of societal gender views, such as financial institutions being less likely to grant loans to women, or employers believing women would eventually quit to raise families. In 1985, the China Association of Women Entrepreneurs (CAWE) was created in order to help give more women the resources to start their own businesses and is touted by many as being responsible for the increase of women-owned businesses.
More about women in business:
- In 2010, US women officially surpassed men as the majority of the workforce for the first time in US history.
- China has the highest rate of women in senior management business roles in the world, at around 51%, while the United States has a rate of about 20%, according to the 2012 Grant Thorton International survey.
- In 2013, seven Chinese businesswomen were named to Forbes list of the World’s 100 Most Powerful Women.