China accounts for 60% of the world’s most successful female entrepreneurs

BY SILVI WRITER

 

Yang Huiyan, vice-chairwoman of Country Garden, ranked first on the list of richest Chinese women for the sixth consecutive year, according to Hurun Richest Woman in China 2018 released on Tuesday.

With 150 billion yuan ($21.7 billion) in wealth, Yang, 37, is followed by 54-year-old Wu Yajun (58.5 billion yuan), chairwoman of Longfor Properties and 77-year-old Chen Lihua (50.5 billion yuan), chairwoman of Fu Wah International Group.

The list calculates the personal wealth, not the family wealth, of women entrepreneurs. Most of the names on the list are from real estate and manufacturing.

“China accounts for 60 percent of the world’s most successful female entrepreneurs, while Chinese women make up one-fifth of the world’s female population,” said Rupert Hoogewerf, chairman and chief researcher at Hurun Report.

“Reform and opening-up, as well as entrepreneurship of Chinese women, can be the reason behind this story,” he added.

Chinese women do show strong enthusiasm for entrepreneurship, as a recently released reported indicates.

The China Youth Entrepreneurship Development Assessment Report 2017 released in late September and produced by China Foundation for Youth Entrepreneurship and Employment and the Chinese Academy of Labor and Social Security, also indicates that the number of women participating entrepreneurship has risen sharply in recent years.

In China, the proportion of female entrepreneurs has reached 40 percent, which has subverted the stereotype that women are more inclined to work stably, it says.

Although women’s entrepreneurial performance and capability is slightly below men’s, they show strong enthusiasm, the reports goes.

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