Henan
Henan¡¯s total economic output is the sixth largest in China. The speed of economic development has increased by an average of about 10 percent each year for the past twenty years -- since its reform and opening to the outside. In 2003, its nominal GDP was US$ 85 billion, including 21 percent for the first industry, 48 percent for the second industry, and 31 percent for the tertiary industry. An industrial system with light textile, food, metallurgy, petrol, building materials, chemical industry, machinery and electronics as the main body has been formed. In 2002, the industrial sale total was US$ 44,600,000,000. Nearly 100 products, such as coal, industrial cord fabrics, fridges, aluminium, color glass cases, gold, meat products, tyres, chemical fibres, glass, cement, generated energy, etc take up an important part in the national market.
Henan is actively trying to build an open economy. Twelve space ports, railway ports and road ports have been built. In 2002, the import and export total was US$ 3,200,000,000, including US$ 2,100,000,000 for export. 7111 foreign enterprises have been approved, foreign funds of US$ 10,640,000,000 have been used in contracts and the actual foreign fund used are US$ 5,300,000,000. Foreign exchanges are increasing continuously. Friendly provincial relationships have been established with 16 states(districts) in the U.S.A, Japan, Russia, France, Germany, etc. Some cities of Henan Province have established friendly relationships with thirty-two foreign cities.
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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