Editing Henan (section)

==Economy==
[[File:View near Caizhai, Xiping, Zhumadian.jpg|thumb|Farmland in [[Xiping County]], [[Zhumadian]]]]
Henan has seen rapid development in its economy over the past two decades, and its economy has expanded at an even faster rate than the national average of&nbsp;10%. This rapid growth has transformed Henan from one of the poorest provinces to one that matches other central provinces.

Henan is the [[List of Chinese provincial-level divisions by GDP|5th-largest provincial economy]] of China, the second largest in [[South Central China]] after Guangdong, the largest in [[Central China]] and the largest among inland provinces, with a nominal GDP of 5.88&nbsp;trillion RMB (US$926&nbsp;billion) as of 2021, ahead of the GDP of Turkey of 815 billion.<ref name=":0" /><ref name=":2" /> If it were a country, it would be the [[List of countries by GDP (nominal)|18th-largest economy]] as well as the [[List of countries and dependencies by population|17th most populous]] as of 2021.<ref name=":1" /> However, [[List of Chinese provincial-level divisions by GDP per capita|per capita GDP]] is low compared to other eastern and central provinces.<ref name=":3" />

Henan is a semi-industrialized economy with an underdeveloped [[service sector]]. Agriculture has traditionally been a pillar of its economy, with the nation's highest wheat and [[sesame]] output and second highest rice output, earning its reputation as the breadbasket of China. Henan is also an important producer of beef, cotton, maize, pork, [[animal oil]], and corn.

Although Henan's industry has traditionally been based on [[light textiles]] and [[food processing]], recent developments have diversified the industry sector to [[metallurgy]], petrol, cement, [[chemical industry]], [[machinery]] and [[electronics]].

[[Mining industry of China|Mining-related industries]] are a major part of Henan's economy.<ref name=":12">{{Cite book |last=Zhan |first=Jing Vivian |title=China's Contained Resource Curse: How Minerals Shape State-Capital-Labor Relations |date=2022 |publisher=[[Cambridge University Press]] |isbn=978-1-009-04898-9 |location=Cambridge, United Kingdom}}</ref>{{Rp|page=23}} Henan has the second largest [[molybdenum]] reserves in the world. Coal, aluminum, [[alkaline metals]] and [[tungsten]] are also present in large amounts in western Henan. Henan houses some of the biggest [[limestone]] reserves in China estimated over 24&nbsp;billion tons.<ref>{{cite web |url=https://www.gov.cn/xinwen/2018-10/22/5333589/files/01d0517b9d6c430bbb927ea5e48641b4.pdf |title=China Mineral Resources |editor-last1=Wei |editor-first1=Tiejun |author1=Ministry of Natural Resources|author-link1=Ministry of Natural Resources of the People's Republic of China|publisher=Geological Publishing House |location=Beiijing |date=22 October 2018 |access-date=10 April 2020}}</ref> Export and processing of these materials is one of the main sources of revenues.

Henan has planned its economy around the provincial capital of Zhengzhou, and it is hoped that the province may become an important transportation and manufacturing hub in the years to come.<ref name="thechinaperspective.com">{{cite web |title=China Economy @ China Perspective |url=http://www.thechinaperspective.com/topics/province/henan-province/ |url-status=dead |archive-url=https://web.archive.org/web/20121101105956/http://www.thechinaperspective.com/topics/province/henan-province/ |archive-date=1 November 2012 |access-date=31 October 2011 |work=thechinaperspective.com}}</ref>

In July 2021, [[2021 Henan floods|extreme flooding]] inflicted an estimated US$12.7&nbsp;billion<ref>{{cite web|url=https://www.scmp.com/news/china/politics/article/3142360/china-floods-more-75-million-people-henan-now-affected/|title=China floods: people still searching for missing relatives after official says four died in road tunnel|work=scmp.com|date=24 July 2021|access-date=26 July 2021|archive-url=https://web.archive.org/web/20210725045833/https://www.scmp.com/news/china/politics/article/3142360/china-floods-more-75-million-people-henan-now-affected|archive-date=25 July 2021|url-status=live}}</ref> of economic damage in Henan.