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Henan demographic analysis and economy overview
Henan is the most populous province in China. It has
a high population density; however, the distribution
of the population is uneven throughout the country.
Total population of Henan province has grown by 1.3%
from 92.4 million in 1997 to 93.6 million in 2007.
From 2004- 2005, there is a sudden drop of 3.47% in
Henan’s total population. This reflects the success
of the province’s family planning policy.
Below is the chart of Henan total population and trends from year 1997 - 2009:
Henan’s nominal GDP has jumped by 3.7 times from
407.9 RMB billion in 1997 to 1501.2 RMB billion in
2007. The GDP is expected to continue its upward
trend as Henan speeds up its economic development.
One of the strategies used is to utilize the usage
of high tech so as to upgrade traditional
industries. Other measures include: developing
clusters of economic and financial park and
improving the province’s innovation capabilities.
Concurrently, the province would take into account
environmental factors into consideration as it
strives to develop the province into an
environment-friendly and resource- intensive
society.
Below is the chart of nominal GDP and trends of Henan province from year 1997 - 2009:
Nominal GDP
capita of Henan province has risen from 4, 400 RMB in 1997 to 16, 000 RMB in
2007, representing a 3.6 times growth over a period of ten years. The
population’s income and expenditure has also shown an increase over the
years. In 2005, disposable income per capita of urban residents has grown by
10.2% to 8, 670 RMB, while income of rural residents has grow by 7.5% to 2,
870 RMB. Urban residents' per capita expenditure is 6,040 RMB, a growth of
11.7% from 2004; while that of rural residents amounted to 1,890 RMB- an
increase of10.9% from the previous year.
Below is the chart of Henan nominal GDP per capita and trends from year 1997 - 2009:
The manufacturing
sector plays a major role in the total GDP of the province. The
manufacturing sector constitutes to half of the total GDP, reflecting its
vital significance. Henan’s main industries include: electronic machinery,
chemical, foodstuff, light and textile and building material industries. In
addition, Henan is also an agricultural province (with 15% of the total GDP
deriving from the agricultural sector), leading the provinces of China in
wheat and grain production. It is ranked second in China in terms of volume of
production of cotton, oil plants, and tobacco. Subsequently, the service
industry has been growing rapidly, forming to a third of the total GDP of
the province. Zhengzhou Commodity Exchange is the first and largest futures
market dealing with agricultural products in China. Besides, “Zhengzhou
Grain Price” has served as a directing price for national grain and oil
exchange and also an important reference for worldwide grain and oil
exchange.
Below is the chart of Henan GDP by agricultural sector, manufacturing sector, construction sector
and service sector for the year 2009:
Total investments
in fixed assets of Henan province has surged from 121 RMB billion in 1997 to
801 RMB billion in 2007, reflecting a remarkable 6.6 times increase over the
years. Major sources of investments are mainly derived from Hon Kong, Taiwan
and Singapore. Most of the investments are directed to the manufacturing,
real estate and mining sectors. There are growing number of opportunities in
both the services and environmental sectors. Multinational enterprises such
as Toshiba, Panasonic, General Electric and Coca Cola have already invested
in Henan province.
Below is the chart of Henan total investment in fixed assets and trends from year 1997 - 2009:
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