June 8, 2016
BEIJING, China – CLC Advisors, LLC is honored to be invited to the U.S.-China High-Level Consultation on People-to-People Exchange, CPE2016 in Beijing, China this month running concurrently with the U.S.-China Strategic & Economic Dialogue led by U.S. Secretary of State John Kerry and U.S. Undersecretary of State Richard Stengel. CEO Cindy Chin joined members of the Secretary’s Office of Women’s Global Issues (S/GWI) as a delegate of the U.S. Women’s Pillar, presented on women’s entrepreneurship, and a speaker and mentor at the U.S.-China Women’s Leadership Exchange and Dialogue (WE-LEAD) in partnership with Goldman Sachs’ 10,000 Women Initiative.
During the Working Session with the All-China Women’s Federation (ACWF) 中华全国妇女联合会 she reported on the state of women’s entrepreneurship in the United States and potential impact and the importance of collaborations between the U.S. and China in the private and public sectors:
“The presence of American companies in China will play an important role in empowering women and girls in both entrepreneurship and anti-domestic violence issues in both countries. Strategically looking for global ecosystems that can support high-impact work by fine tuning strategies across several cross-functional industries and sectors to solidify foundations and stakeholders in a company’s growth and the country’s GDP.
Venture funds now look for women entrepreneurs and diversity. After studies from the International Monetary Fund (IMF) and McKinsey Global Institute report, we know that advancing gender equality and the advancement of women can increase the annual global GDP by $12 trillion, or 11% by 2025. The public, private, and social sectors need to act together to close the gender gaps. In a full potential scenario where women play an identical role in labor markets to that of men, as much as $28 trillion or 26 percent could be added to global annual GDP by 2025. In China alone, the figure is even greater at 12% increase by 2025 or $2.5 trillion than any other country. Startups with at least one woman co-founder outperform all-male teams. In some VCs, that could mean as much as 62% in better performance and investor returns.
We need to support multi-lateral and multi-national organizations that require private-public sector partnerships, strength regional norms and intellectual property rights, cooperation on human rights, domestic violence, and gender equality.
The potential for innovation in China is tremendous. Global entrepreneurs who are starting businesses must have a China strategy if they want to obtain scaleable global growth. Currently, China’s long-term market potential is ripely positioned to have greater impact in global GDP growth than other parts of the world and can learn from the mistakes of the West an innovate with great scale. Such examples include the realm of Fintech and mobile payments, agricultural business innovations, and the potential to leapfrog growth in these areas.
As global business and industry leaders are advocating the support of women, I want to emphasize the importance that as women, we have a wonderful opportunity for continued collaboration, dialogue, and communications that can have higher impact for female entrepreneurs beyond the support of mentorship of businesses and the borders of both countries.” – Cindy Chin, CEO CLC Advisors, LLC
The results from the CPE2016 Women’s Pillar working sessions were three deliverables for 2017 including U.S. government and ACWF coordination on domestic violence prevention by increasing awareness of China’s new domestic violence law through consultations with American companies operating in China and the continued collaboration with ACWF to bring women leaders together at the 2017 CPE and promote women’s entrepreneurship in a third-party Pacific Rim country.
Fact Sheet S/GWI: http://www.state.gov/r/pa/prs/ps/2013/03/205866.htm
Fact Sheet U.S. China Consultation on People-to-People Exchange: http://m.state.gov/md258141.htm
Press release on China-U.S. Women’s Leadership Exchange and Dialogue: http://www.womenofchina.cn/womenofchina/html1/news/leaders/1606/800-1.htm
About CLC Advisors, LLC
CLC Advisors, LLC is a firm of trusted advisors and management consultants focusing on development and execution strategies to build and incubate value-based business ventures, innovations, initiatives, and forward technologies. We are dedicated to finding solutions for traditional business models or expanding into the growing arenas of impact investing, corporate social responsibility, sustainability, and philanthropy venture capital.
About Consultation on People-to-People Exchanges (CPEs)
In May 2010, former Secretary Clinton and Chinese State Councilor Liu Yandong established CPE to facilitate people-to-people exchanges between the U.S. and China. The CPE addresses six main pillars: Education, Culture, Science and Technology, Sports, Health, and Empowering Women. U.S.-China Women-LEAD, a forum to promote discussions on gender equality among Chinese and American women leaders, was launched at a CPE meeting in 2011, and convenes concurrently with the CPE.
Under the auspices of the CPE and Women-LEAD, the Secretary’s Office of Global Women’s Issues and our counterparts at the All China Women’s Federation have organized delegations of US and Chinese women to meet and discuss topics of mutual interest and to find ways we might cooperate to advance these issues. Previous topics have included Women and Employment, Balancing Work and Family, Women and Philanthropy and Women and STEM.
This year’s Women’s Pillar focus areas are women’s entrepreneurship and domestic violence. I will be making a formal presentation on the status of women’s entrepreneurship in the United States and mentoring one of three young Chinese entrepreneurs in these bilateral exchanges. I am looking forward to my first visit in Beijing and a hands-down a most memorable and important one.
For more information about the 2016 CPE meetings please visit the website http://m.state.gov/md256593.htm
About Secretary’s Office of Women’s Global Issues (S/GWI)
The Secretary’s Office of Global Women’s Issues (S/GWI), headed by Ambassador Catherine M. Russell, seeks to ensure that women’s issues are fully integrated in the formulation and conduct of U.S. foreign policy. The Office works to promote stability, peace, and development by empowering women politically, socially, and economically around the world.
For more information, please visit the U.S. State Department Secretary’s Office of Women’s Global Issues (S/GWI) website at http://www.state.gov/s/gwi/index.htm