Monetary for the advancement of mankind. After the issue

Monetary
independence and the emerging empowerment of individuals have been accepted as
successful proposed actions to tackle down poverty on the global status.
Economic empowerment of women, specifically, has been established as necessary to the building of powerful
and more stable societies. China is a developing country that
consists of the largest population in the world. With its entire population of
1.3 billion, women represent about half. Therefore, the promotion of economic
empowerment and the overall development of women is not only of great
significance for China’s development, it also has a unique
influence on the attempts for the advancement of mankind. After
the issue outgrew, in 1998 China began to work with UN Women providing technical and financial assistance to innovative programs
and strategies for women’s empowerment.

This arising issue outthrusted new
constraints and obstacles for women to engage as equal partners in society,
politics and the economy. A number of policies related to the altering role of
the State in citizens’ lives have affected, and will continue to positively affect
the economic empowerment of women.

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·        
the action of the Chinese government towards
adoption of the rule of law and the opportunities to strengthen codification initiating
women’s economic rights;

·        
the progress towards a market economy, labor
and employment strategies are pro-poor and gender-equitable;

·        
the development of a social security system
which acknowledges women’s needs;

·        
China’s agreement to the WTO which will
accelerate the reforming of China’s economy, with various potential effects on women.

Following the applied policies
successfully, China massively showed work on various factors in favor of women’s
position economically. To begin with, the state has
made the guarantee of employment opportunities for women in terms of the
sharing of economic resources and results of social development, the top
priority for the advancement of the development of women. In addition, over the
past few years, the Chinese government gave women preferential treatment when
granting employment training subsidies, small-sum guaranteed loans, conducting
tax reduction and exemption. Further, governments at all levels have adopted
many extra favorable policies toward women, such as creating public-welfare
jobs, opening employment service centers, sponsoring special recruitment
activities and vocational training courses, monitoring sex discrimination against
women in employment and help women, especially laid-off women, to find new
jobs. With the support of the government, women’s federations at various
levels, trade unions and other NGOs have conducted their work regarding the
employment and re-employment of women in a creative way. Moreover, in recent years, the Chinese government has stepped up
the construction of a social security system, with pension insurance,
unemployment insurance, medical insurance, employment injury insurance and
maternity insurance as the main contents. By the end of 2004, 22.05 million urban
residents, including women, were receiving minimum subsistence allowances. Similarly,
to actively promote women’s ability to find employment or start businesses, the
Chinese government has begun to cooperate with the UNDP, ILO and other
international organizations, with satisfactory results. At present, it is accelerating,
proceeding from the national conditions of China, the process for the
approval of the UN’s Discrimination (Employment and Occupation)
Convention in China.

Chinese
President, Xi Jinping, believes that the world must focus on economic empowerment as women lag far behind men
in access to land, credit and decent jobs, even though a growing body of
research shows that enhancing women’s economic options boosts national
economies. In fact, Xi Jinping, in his first state visit to the
United States, co-chaired segments of a meeting on women’s empowerment with
U.N. Secretary-General Ban Ki Moon and pledged that his country will
donate $10 million to U.N. Women. “We should foster a global environment
favorable for women’s development,” Xi said through a translator at
the start of the meeting.

China bears in
mind a main accomplishment in the committee’s resolution. As when more women work, economies
grow. Therefore the republic of china puts forward that an increase in female labor
force participation, or a reduction in the gap between women’s and men’s labor
force participation, resulting in faster economic growth. 

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