(i) GDP Data
Henan, a big economic province in China, produced a total GDP of 1,053.52 billion yuan in 2005, which makes Henan Province the 5th province whose overall volume exceeds a trillion yuan. The structure of the three industries is 17.5:52.6:29.9.
GDP and Increasing Rate, 2000-2005
(ii) Resources, Agriculture, Industry
Natural Resources
Water: The Yellow River, Huai River, Hai River, Han River flow through the land of Henan Province with a gross water volume of 43 billion cubic meters. The total water resources in Henan Province equals to 4.84 million KW of electricity, among which 3.23 million KW is exploitable. The actual exploitable amount of groundwater is 12 billion cubic meters; underground water is 13 billion cubic meters passing water is 18 billion cubic meters. 2,344 reservoirs have been built with a total storing capacity of 39.6 billion cubic meters.
Electricity Power: The power grid of Henan Province connects with the power grid of Hubei Province to the south, Hebei Province to the north, and Shanxi Province to the northwest. At present, the total length of power transmission line is 10,720 km with the total electricity transformation capacity of 33.29 million KVA. By the end of 2005, the total electricity installation capacity in Henan Province is 28.81 million KW.
Minerals: Henan Province is rich in mineral resources. Up to now, 157 kinds of minerals have been discovered, among which, the reserves of 81 kinds have been proved up and 117 kinds already been exploited. Some of the mineral, reserves rank first in the country, including: molybdenum mine, cyanide, andalusite, natural alkali, clay, perlite and nepheline. The deposits of coal, natural gas, aluminum, gold, silver, marlite, fire-resistant clay, marble and asbestos are extremely abundant.
Agriculture
Henan Province is a big agricultural province in China; its crop yield is 45.82 million tons in 2005, accounting for 9.5% of the overall crop yield in China. For the past 6 years in a row, the crop yield in Henan Province ranks first in China. Henan Province is one of the main production bases of products like wheat, corn, cotton, oil plants and tobacco leaf. etc. in China. In the year 2005, the total yield of cotton is 0.677 million tons, which ranks 3rd place in China; the total yield of oil plant is 4.496 million tons, which ranks first place in China; the total value of livestock product is 125.1 billion yuan, which accounts for 40% of the total agricultural output value; the meat output accounts for to 10% of the national meat output; the yield of egg and poultry accounts for to 1/8 of the total output of China, among which the output of egg ranks 2nd place and the yield of poultry ranks 3rd place in the country; the output of flour, fine dried noodles, instant noodles, frozen food and MSG all rank first place in China.
Major Agricultural Products Yield
Gross Yield of Grain Crops, 2000-2005
Industry
The industry system in Henan Province can be divided into 39 categories with textile, food, metallurgy, building materials, machinery, electrics, petroleum, and chemical industry as the main part. In the year 2005, the total added value produced by all industries is 492.3 billion yuan, among which, 322.823 billion yuan is produced by medium and large enterprises (namely the enterprises whose annual output value exceed 5 million yuan), which ranks 6th place in the country, and the produce and sale rate of medium and large enterprises is 98.4%. The productivity of these enterprises keeps increasing. The output of raw coal, aluminum, gold, sheet glass, cement, tractor, yarn, chemical fiber, machine-made board and cardboard, cigarette, refrigerator, colored bulb, and frozen food come out top in the country. A batch of well-known products enjoy high reputation both at home and abroad, among which Ancai colored bulb, Shuanghui sausage and Xinfei refrigerator, CLFG float glass, Dongfanghong tractor, Xuji circuitry protector all enjoy a high popularity in domestic and foreign markets.
Major Industrial Product Output
Fixed assets investment
Investment on Fixed Assets in All Areas and Investment on Infrastructure in Urban Area from 2000 to 2005
(iii) Business Data
International Trade
In the year 2005, the total export and import value in Henan Province is US$ 7.733 billion, among which the total export is US$5.101 billion and the total import is US$ 2.632 billion. Commodities manufactured in Henan Province are exported to 179 countries and regions; Henan Province also imports products from 95 countries and regions.
In 2005, the structure of exported products is continually optimized. The private enterprises develop very fast with more than 1,000 enterprises involved in export business. The export value of these enterprises amounts to 30% of the total export value of Henan Province. Among the total export value, the percentage of primary product and manufactured product is 11.7% and 88.3% respectively; there are 12 kinds of mass goods whose export value exceeds 100 million yuan.
Export Share of Enterprises with Different Proprietorship
Business Volumes with Major Importing and Exporting Countries and Regions in 2005
Commodity with export value over US$ 0.1 billion in 2005
Utilization of Foreign Investment
The scale of foreign investment utilization is expanding continually. By the end of 2005, the actual accumulative value of foreign investment utilization is US$8.3 billion, and 35 of the top 500 enterprises in the world have invested in Henan Province. In 2005, there are 472 foreign-invested projects in the province with the contracted value totaling US$ 2.353 billion, and the actual utilization of foreign investment is US$1.23 billion.
The foreign investment is from 53 countries and regions, including Hong Kong, the US, Britain and Japan.
The direct foreign investment is mainly invested in 27 industries, including manufacture industry, agriculture, forestry, animal husbandry, fishery, exploitation, power supply, real estate and construction industry.
Classification of Investing Means of Foreign Investment Utilization in 2005
Exportation of Electromechanical Products and High and New Technology Products
Major Sources of Foreign Investment by the End of 2005
Geographical Distribution of Foreign Contracted Project of Henan Province in 2005
Cooperation with Overseas Partners
The economic cooperation with foreign partners has developed rapidly. By the end of 2005, the accumulated value of newly signed contracts of foreign contracted projects and labor services amounts to US$ 3,222.88 million, and the real turnover is US$ 2,187.46 million; a total of 105,765 people were sent abroad to provide labor services; 289 enterprises (non-finance category) were established overseas with the total investment of US$ 157.52 million, among which US$102.68 million is to be invested by the Chinese side in accordance with agreement, and the actual investment value is US$ 56.4 million.
Foreign Contracted Project of Henan Province by the End of 2005
Overseas Labor Service Cooperation of Henan Province by the End of 2005
Geographical Distribution of Overseas Labor Service Cooperation of Henan Province in 2005
The foreign contracted project business of Henan province covers 83 countries and regions of 5 continents. Most of them are located in Africa and Asia. In 2005, the actual business volume in Asia and Africa amounts to 80.8% and 81.4% of the newly signed contract value and real turnover respectively.
The enterprises that have contract relationship with foreign partners are growing quickly. Zhongyuan Petroleum Exploitation Bureau and China Henan International Cooperation Group have been listed in the US journal Engineering News Recording as the one of the top 225 enterprises of foreign contracted project in the world.
Direct Investment in Foreign Countries of Henan Province by the End of 2005
Geographical Distribution of Overseas Direct Investment of Henan Province in 2005
Since 2003, the overseas investment of Henan province has been enjoying relatively rapid development. Private enterprises, collective enterprises and stock companies have played a leading role in the investment activity. The investment fields have been expanding day by day, switching from trade sector to manufacture sector. New investment fields keep emerging, such as resources exploitation, R&D, industrial and trading park, animal husbandry and agricultural exploitation.
Industries of Overseas Direct Investment of Henan Province in 2005
Know-how Import
In 2005, Henan Province signed 19 know-how import contracts, with the contracted value of US$35.5394 million. Theses contracts are mainly signed with enterprises from countries such as Japan, Germany, Italy, the US, Britain, etc, involving a series of industries including manufacture, real estate, information, consultation service, biomedical sector, environment planning, and scientific research.
Service Industry
The service industry in Henan Province develops very fast, including tourism, warehousing, logistics, business, foreign trade, finance, insurance, etc. With large-scale chain enterprises taking the leading position and large-scale wholesale market as backbone, a multi-layered and moderately perfect marketing system has been in shape in Henan Province. The impact of large-scale enterprises, including Zhengzhou Cereal Wholesale Market, Shuanghui Chain Business, Zhengzhou Yinji Commerce City, have already expanded to most provinces and cities in China; Zhengzhou Commodity Exchange is the first futures market dealing with agricultural products in China, and "Zhengzhou Grain Price" has served as a guiding price for grain and oil products in China for many years. The total retail sales of consumer goods is 335.843 billion yuan in Henan Province, which ranks 5th place in the country.
Gross Retail Volume of Consumer Goods in All Areas from 2000 to 2005
Chain Store Business
In 2005, there are more than 260 chain store enterprises with a total sale of 22 billion yuan, which amounts to 6% of the total retail sales of consumer goods. Food processing chain enterprises, with the brand of Shuanghui, Huitong, Jiutouya, Zhongpin, and Bangjie taking leading position in the market, have already developed into advantageous enterprises through deep processing of agricultural and sideline products, as well as with the help of a moderately perfect logistic and distribution system. Shuanghui, a food processing chain business in Luohe, owns 319 chain stores and franchise stores in the country in 2005, with a total sales of 1.1 billion yuan in the year of 2005.
Logistics and Distribution System
Henan Province is situated in the central area of China. Zhengzhou, capital city of Henan Province, is an important logistic center for commodity distribution. In the year of 2005, there are more than 2,400 logistic companies in Henan province. The combination of railway port, highway port, airport, export processing zone, tariff free zone for imported commodities, and the gathering of many logistic companies, such as Aucoma Logistic Center, all these convenient conditions have helped Zhengzhou to become a logistics center in Henan Province, even in the whole country.
Zhengzhou Grain Wholesale Market
Zhengzhou Grain Wholesale Market, with its total assets of 755.35 million yuan, is the first standardized grain wholesale market in China. By the end of 2005, the accumulative business volume of spot graim and oil transaction is 42.83 million tons, and the value of trade is 59.7 billion yuan, which won Zhengzhou Grain Wholesale Market the first place in all the grain wholesale markets in China.
Zhengzhou Commodity Exchange
Zhengzhou Commodity Exchange is a trading exchange starting with agricultural product at earliest time in China. The categories of trading commodities include wheat, corn, soybean, mung bean, sesame, cotton yarn, cotton, sugar, peanut, construction materials, and state bonds, etc. In the year 2005, ZCE concluded 56.95 million deals of business with the total transaction volume of 2,164.5 billion yuan. ZCX has a powerfully functioned and completed electronic service system, including the service of trading, account settlement, completion of business transaction, risk monitoring, information release, and membership service. Since June 1995, ZCX has joined in the International Futures Market Association, and signed friendly cooperation agreements with many international futures exchanges, including Chicago Futures Exchange, Chicago Business Exchange, New York Futures Exchange in the US, Kansai Agricultural Product Exchange, Tokyo Cereals Exchange in Japan, Winnipeg Commodity Exchange in Canada, and Brazil Commodity Exchange.
Related Articles:
Doing Business in Henan Province of China: Survey
Doing Business in Henan Province of China: Investment
Doing Business in Henan Province of China: Development Zones
