A leading province in grain, wheat, and oil seed output, Henan is also an important producer of beef, cotton, pork, animal oil, and corn. Reportedly, 90% of Chinese McDonald's and KFC ingredients come from Henan. Built off its strong agricultural base, Henan's food processing industry accounts for more than 14% of secondary industry, making it another one of Henan's leading industries. Although its service sector remains underdeveloped, the province has diversified into additional industries including metallurgy, petrol, cement, chemicals, machinery and electronics.
Henan aims to maintain economic growth by encouraging urbanization in the next 5 years with a focus around the provincial capital, Zhengzhou. With the advantages of cheap labor and low land prices, Henan's prospects appear to be found in its development as a major transportation hub, which may benefit other industries and pave the way for Henan to become a manufacturing hub as well.
Henan's GDP grew 10.1% to RMB2.98 trillion in 2012.
Zhengzhou New & Hi-Tech Industries Development Zone
Zhengzhou Economic and Technological Development Zone
Zhengzhou Export Processing Area
Luoyang Hi-Tech Development Zone