APEC forum supports women's entrepreneurship

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 180 billion yuan (about 28.8 billion U.S. dollars), the federation said. Central and local government subsidies contributed 11.3 billion yuan to the financing.