APEC forum supports women's entrepreneurship
BEIJING (Xinhua) - Women will be given more support to start their own business, the Asia-Pacific Economic Cooperation (APEC) Women and the Economy Forum said in a statement on Friday.
The statement called on APEC economies to stamp out sex discrimination and obstacles and strengthen the role of women in decision-making to empower them to take part more in the economy.
Representatives agreed that a lack of funds was a major obstacle.
Members from the All-China Women's Federation attended the forum, which concluded on Friday.
According to the federation, micro-financing has been offered to women since 2009 to encourage entrepreneurship and poverty reduction.
The loans have helped females set up businesses or get a job, boosting the economy in the underdeveloped western and rural regions.
By the end of March, over 3.6 million Chinese women had received micro-financing loans worth about $28.8 billion, the federation said. Central and local government subsidies contributed Y11.3 billion to the financing.
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