Ajax loader
By using our website, you agree to our use of cookies as described in Cookie Policy.

Can't find what you're looking for?

 

Be sure to Sign in to see all available content.

 

If you don't have an account, Register here.

Search results for:

CHINA-ECONOMY/HENAN
RTS2I1WT
May 17, 2019
Considered the cradle of Chinese civilization, the central province of Henan and its 100 million-strong...
Luoyang, China
The Wider Image: China's slowing economy: the view from the Henan heartland
Considered the cradle of Chinese civilization, the central province of Henan and its 100 million-strong population typifies China's transformative yet often tumultuous economic ascent. Long the sort of impoverished backwater that people left in search of better lives, Henan has in recent years enjoyed the fruits of an economic boom that has raised incomes and given people a taste of middle class lifestyles and aspirations. Zhengzhou, the provincial capital, was transformed into a transportation and logistics hub complete with a futuristic skyline and luxury malls, crisscrossed with freeways and connected by high-speed rail to more affluent cities like Beijing and Shanghai. A vast Foxconn factory in the city, employs almost a quarter of a million people and churns out most of the world's iPhones. However, the gains achieved in Henan and other inland provinces appear fragile, as living and housing costs rise, and China's economy slows. That is threatening the aspirations of a generation of young Chinese in cities like Zhengzhou. The slowdown also undermines one of the government's main hopes for transforming the economy by spurring domestic spending, as well as spreading wealth to the interior of China, which has long lagged the coastal regions that gave birth to China's four-decades-long economic boom. Reuters reporters travelled to six cities across Henan, from bustling Zhengzhou to the smog-choked industrial hub of Anyang in the north, interviewing dozens of residents from all walks to life to document how the economic slowdown feels in the heart of China. REUTERS/Thomas Peter SEARCH "CHINA HENAN" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES. TPX IMAGES OF THE DAY. Matching text: CHINA-ECONOMY/HENAN
Sort by
Display
Items per page
Page
of 1