Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

US commerce chief to meet Chinese women executives in Shanghai

Published 08/29/2023, 02:02 PM
Updated 08/30/2023, 05:04 AM
© Reuters. FILE PHOTO: U.S. Commerce Secretary Gina Raimondo arrives for a meeting with her Chinese counterpart Wang Wentao, at the Ministry of Commerce in Beijing, Monday, Aug. 28, 2023. Andy Wong/Pool via REUTERS/File Photo

WASHINGTON (Reuters) - U.S. Commerce Secretary Gina Raimondo will wrap up a four-day visit to China on Wednesday with remarks at a conference for women executives, making her the second senior female Biden administration official to reach out to professional women during their travel to China.

THE TAKE: Raimondo's meeting with Chinese women executives in Shanghai is likely to spotlight the lack of gender diversity in China's business and government. It comes after some social media users in China criticized female economists who met with Treasury Secretary Janet Yellen in Beijing in July.

Chinese President Xi Jinping's decade as the ruling Communist Party's general secretary has seen the number of women in politics and top government roles decline, gender gaps in the workforce widen, and the muzzling of feminist voices.

BY THE NUMBERS: Raimondo and Yellen are two of 13 women in President Joe Biden's 25-member cabinet, the most gender-diverse in U.S. history. China, in contrast, has had no women on its 24-member Politburo of the Communist Party since October, a first in 20 years.

China's top female politician is Shen Yiqin, appointed in March as one of five state councillors. She ranks higher than a minister and oversees social welfare, veteran affairs and sports.

Just 19% of Chinese executives are women, compared to 24% in the U.S. and 27% in Australia, a Bain & Co analysis found.

CONTEXT: Raimondo, a trained lawyer and venture capitalist who was the first female governor of Rhode Island, will speak in Shanghai at the 2023 WeForShe Conference hosted by the American Chamber of Commerce's Shanghai’s Women Executive Network.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The United States is trying to stabilize tense relations with China, the world's second-largest economy, while continuing to raise concerns about what it sees as coercive economic practices and human rights abuses.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.