Henan

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.

 

Henan Quick Facts
  • Area
    167,100 km2
  • Population:
    94023567
  • Population density:
    591 people/km2
  • Gross domestic product:
    2309.2 billion RMB
  • GDP per capita:
    24446 RMB
  • GDP growth:
    12.50%
  • Fixed Asset Investment:
    1658.6 billion RMB
  • Utilized Foreign Direct Investment:
    6.25 billion US$
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Top 5 Henan Companies
    • Pingdingshan Tianan Coal Mining Co (SHA: 601666) is a leading coal miner, processor and distributor. It posted RMB22.9 billion in revenues and RMB1.85 billion in net profits for 2010.
    • Henan Shuanghui Investment & Development Co (SHE: 000895) is a leading processor of various pork products. It posted RMB36.75 billion in revenues and RMB1.09 billion in net profits for 2010.
    • Hualan Biological Engineering Inc (SHE: 002007) is engaged in research, production and sale of blood related products and vaccines. It posted RMB1.26 billion in revenues and RMB612.36 million in net profits for 2010.
    • Zhengzhou Coal Mining Machinery Group Co (SHA: 601717) is a mining machinery manufacturer. It posted RMB6.75 billion in revenues and RMB882.57 million in net profits for 2010.
    • Henan Shenhuo Coal & Power Co (SHE: 000933) is a  processor and distributor of coal and aluminum products. It posted RMB16.9 billion in revenues and RMB1.16 billion in net profits for 2010.

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Henan Economic and Technological Development Zones

    Zhengzhou New & Hi-Tech Industries Development Zone
    Zhengzhou Economic and Technological Development Zone
    Zhengzhou Export Processing Area
    Luoyang Hi-Tech Development Zone


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