Hurun published last week their annual Rich list, and its founder Rupert Hoogewerf has been wondering why women in China are doing so much better on this list, compared to other countries. One asset of the one-child policy.
Women of China:
About a quarter of the list’s 50 wealthiest women work in real estate; 18% of them are involved in finance. China’s richest women are generally younger than their male counterparts, with an average age of 48 compared with 52.
“What I’ve asked myself is: why are Chinese women so successful? I think there are a number of different dynamics at play,” said Rupert Hoogewerf, the Hurun Report’s publisher and chairman. “One is that there’s the one-child policy, which means that they have a very short career break, compared with someone who has three children or more. Plus there’s the fact that in Chinese society, children are brought up by grandparents, traditionally,” giving mothers more time to pursue their careers.
“Another dynamic is that it might just be this generation – relatively speaking, they’re much more successful here than in the rest of the world,” he added.
Last Sunday China opened its Shanghai Free Trade Zone. At the China Weekly Hangout of October 3 we will explore some of the directions of China’s new policies, despite a huge amount of ambiguity in the current rules. You can read our initial announcement here, or register here for the event.
Dee Lee, of the NGO Inno in Guangzhou, is running a workers’ hotline, mainly funded by big brands who want to keep an eye on working conditions. On May 24, at the China Weekly Hangout, Economist Heleen Mees, in New York, Sam Xu and Fons Tuinstra, of the China Speakers Bureau, asked him questions.