Economy of Henan
Economy
Henan is a relatively poor province. Since undergoing reform and being made more open, however, the speed of economic development has increased by an average of about 10% each year for the past twenty years. An industrial system with light textile, food, metallurgy, petrol, building materials, chemical industry, machinery and electronics as the main body has been formed. Nearly one hundred products, such as coal, industrial cord fabrics, fridges, aluminium, color glass cases, gold, meat products, tyres, chemical fibres, glass, cement, generated energy, and others take are an important part of the national market.
Henan is an agricultural province, leading the provinces of China in wheat and sesame production, and is third place overall in terms of total grain output. Cotton, rice, and maize are also important crops in Henan.
There are several important centers of coal production in Henan, including Pingdingshan, Yima, and Jiaozuo. Luanchuan County in western Henan is an important center of molybdenum extraction. Electricity generation is another important industry of Henan.
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