GDP Growth of 5.6%! Henan's 2025 Economic "Report Card" Released

Deep News
Jan 21

On the afternoon of January 21, the Information Office of the Henan Provincial Government held a press conference. Wang Xu, Secretary of the Party Leadership Group and Director of the Henan Provincial Bureau of Statistics, detailed the specific performance of Henan's economy in 2025. Throughout the year, Henan focused on its "1+2+4+N" target task system, adhering to strategies of grasping, twisting, lifting with effort, applying policies counter-cyclically and pro-cyclically, and dedicating attention to precision and effectiveness. Quarterly economic work deployment meetings were convened, leading to a series of policy measures aimed at stabilizing employment, enterprises, markets, and expectations. The economic performance demonstrated a positive trend of stability with improvement, moving towards novelty and optimization, with enhanced resilience. According to the unified accounting results for regional gross domestic product, the province's GDP for 2025 reached 6,663.279 billion yuan, representing a year-on-year increase of 5.6% calculated at constant prices. By sector, the value-added of the primary industry was 553.808 billion yuan, up 3.6%; the secondary industry reached 2,492.680 billion yuan, growing 5.5%; and the tertiary industry hit 3,616.792 billion yuan, increasing by 6.0%.

Production and supply maintained steady growth, with agricultural production remaining generally stable. Anchored to the goal of building a strong agricultural province, solid efforts were made to ensure stable production and supply of important agricultural products, firmly shouldering the responsibility for food security. Proactively responding to extreme weather events, grain output for 2025 reached 135.097 billion jin, remaining stable above 130 billion jin for the ninth consecutive year. Economic crops continued to grow, with vegetable and edible mushroom output reaching 85.0301 million tons, a 2.9% year-on-year increase, and melon and fruit output at 15.6978 million tons, up 1.7%. The livestock industry showed a favorable development trend; the output of pork, beef, mutton, and poultry meat was 7.5342 million tons, increasing 9.5%, which was 7.3 percentage points faster than in 2024. Hog slaughter reached 64.7415 million heads, a rise of 7.4%, accelerating by 8.6 percentage points compared to 2024. Industrial production experienced rapid growth. Accelerating the construction of a strong manufacturing province, a large number of major industrial projects such as Zhengzhou BYD, Chaojubian, and Luoyang Zhongzhou Times were put into operation, reached capacity, and increased production. In 2025, the value-added of large-scale industries increased by 8.4% year-on-year, 0.3 percentage points faster than in 2024 and 2.5 percentage points higher than the national average. Among 41 major industrial categories, 32 saw year-on-year growth in value-added, with the growth coverage rate reaching 78.0%. The equipment manufacturing sector provided strong support, with its value-added growing 13.6%, 4.4 percentage points higher than the national average, contributing 44.1% to the growth of the province's large-scale industries. The growth of leading industries accelerated, with their value-added increasing 11.9%, 1.1 percentage points faster than in 2024, pulling the growth of the province's large-scale industries up by 5.6 percentage points.

The service sector developed favorably. Continuous implementation of the new supply cultivation project for services promoted high-quality and efficient development in the sector. Large-scale service enterprises saw accelerated growth; from January to November 2025, the operating revenue of large-scale service enterprises increased by 8.4% year-on-year, 6.3 percentage points faster than in 2024. Eight out of ten major industry categories experienced year-on-year growth in operating revenue, achieving an 80.0% growth coverage rate. Transportation and logistics showed signs of recovery and improvement. In 2025, airport cargo and mail throughput grew by 25.2%; in December, the Logistics Prosperity Index stood at 52.2%, up 0.8 percentage points month-on-month. Effective demand continued to be released, with investment scale maintaining a steady growth momentum. Adhering to the principle of making major project construction the main focus of economic work, effective investment was used to lead high-quality development. In 2025, fixed-asset investment increased by 4.0% year-on-year, 7.8 percentage points higher than the national average. Excluding real estate development investment, fixed-asset investment grew by 7.4%, surpassing the national average by 7.9 percentage points. Major projects played a significant pulling role; investment in projects of 100 million yuan and above grew by 8.0%, contributing 5.2 percentage points to the province's total investment growth. Private investment vitality was effectively stimulated, with private investment growing 5.9%, contributing 3.5 percentage points to the province's investment growth. Investment in water management and development grew rapidly. Accelerating the construction of a modern water network pattern characterized by "Eight Horizontal and Six Vertical arteries, interconnected across four regions," investment in water transport and water conservancy management grew by 27.3% and 26.1%, respectively. The consumer market continued to expand. Deep implementation of special actions to boost consumption drove the sustained enlargement of the consumer market scale. In 2025, the total retail sales of consumer goods reached 2,909.050 billion yuan, a year-on-year increase of 5.6%, which was 1.9 percentage points higher than the national average. Over 80% of commodity retail categories maintained growth. Retail sales of consumer goods by units above the designated size grew by 8.2%, exceeding the national average by 4.9 percentage points. Among 23 categories of retail sales by units above the designated size, 19 achieved year-on-year growth, with a growth coverage rate of 82.6%. Consumption of basic necessities grew relatively fast; retail sales of daily necessities, grain, oil, and foodstuffs, and beverages by units above the designated size increased by 21.8%, 16.8%, and 16.0%, respectively.

Foreign trade scale hit a record high. Deeply integrating into the joint construction of the "Belt and Road" initiative, the integrated development of domestic and foreign trade advanced. In 2025, the total value of imports and exports reached 935.67 billion yuan, a year-on-year increase of 14.1%. Exports amounted to 616.82 billion yuan, growing 18.0%, while imports were 318.85 billion yuan, up 7.2%. The vitality of business entities increased, with the number of enterprises with actual import and export performance reaching 15,300, an increase of 2,207 compared to 2024. Export products upgraded towards innovation; exports of mechanical and electrical products reached 409.63 billion yuan, growing 23.3% and accounting for 66.4% of the total export value, an increase of 2.9 percentage points from 2024, indicating deeper integration of high-tech, high-value-added products into the global industrial chain. New growth drivers accelerated their accumulation, with the transformation and upgrading of manufacturing speeding up. In 2025, the value-added of large-scale high-tech manufacturing industries increased by 16.6% year-on-year, 7.2 percentage points higher than the national average, maintaining double-digit rapid growth for 30 consecutive months. Emerging service industries saw accelerated growth. From January to November 2025, the operating revenue of large-scale radio, television, film, and sound recording production, multimodal transport and transport agency, and business services grew by 51.8%, 21.4%, and 21.0% respectively, accelerating by 52.4, 5.9, and 6.7 percentage points compared to 2024. The micro-drama industry developed at high speed, with operating revenue in the film and television program production industry growing 115.2% from January to November. Cultural and tourism consumption vitality was released, with operating revenue in the art performance venue industry growing 76.1% from January to November, 47.9 percentage points faster than in 2024. New forms of consumption developed favorably. In 2025, online retail sales grew by 14.7%. Retail sales of upgraded goods such as communication equipment, and sports and entertainment用品 by units above the designated size increased by 61.1% and 60.9%, respectively.

Policy effectiveness was powerfully demonstrated, with the effects of policies targeting "Two Key Areas" and "Two New Areas" continuously released. The policy on large-scale equipment upgrades showed results; investment in the purchase of industrial equipment and tools in 2025 increased by 8.3% year-on-year, contributing 0.5 percentage points to the province's investment growth. The replacement of old consumer goods with new ones drove relatively fast growth in retail sales of related goods; retail sales of photographic equipment, smartphones, and new energy vehicles by units above the designated size grew by 108.7%, 67.0%, and 19.3%, respectively. Key industrial chains and clusters gained full momentum. The value-added of key industrial chains and clusters in large-scale industries grew by 9.5%, 1.1 percentage points higher than the growth rate of the province's large-scale industries, contributing 70.4% to their growth. Investment in key industrial chains and clusters grew by 12.5%, 8.5 percentage points higher than the province's overall investment growth rate, contributing 84.3% to the investment growth, injecting new momentum. Note: According to China's unified accounting and data release system for regional gross domestic product, GDP accounting includes two steps: preliminary accounting and final verification. After final verification, the nominal total GDP for Henan in 2024 was 6,355.710 billion yuan, representing a growth of 5.1% over the previous year calculated at constant prices.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10