News & Voices

Woman entrepreneurship- BiMBA alumna Lucy Wang interviewed CCTV

According to a recent Hurun report, among the world's self-made female billionaires, half made their fortunes in China... But the journey isn't easy. CCTV's Grace Brown spoke to Lucy Wang, who is alumna of  Beijing International MBA (BiMBA)at Peking University National School of Development. She started a trading firm almost a decade ago,She's also the Regional Chair of the Women's Young Presidents Organization Network - a not-for-profit, global organization of 20,000 corporate leaders under age 45. She talked about her business... Along with the challenges she - and other businesswomen - face.

"I export ferrous alloys to provide raw materials to steel mills around the world. I import minerals from different countries into China...We pay attention to the reputation, we pay attention to the quality and we pay attention to long-term contracts," Wang said.

Half world's self-made female billionaires in China

Q: "How have you changed your business model along with China's eceonomic restructuring?"

A: "Even though the market is weak, steel mills need such steel... In the past, my business was 90 percent international, but since 2008 nearly half was domestic, half international,"

Lucy Wang: Poor work-life balance affects women more

Q: "What were some of the challenges that you faced a female business leader in China?"

A: "For women in particular, you need to balance your time for business, for family and you personally."
Lucy Wang: "Serious challenge" for working mothers

Q: "Do you think that Chinese men face similar challenges?"

A: "I think the challenge for women is much more serious than for men, because as you know in Chinese culture, the mother paid much more attention to the kids... I think if men have an equal position to women -- half the time women caring for their kids, half the time men -- I think if it is like this, the female will have not too big a pressure."

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