China's 5th largest provincial economy, Henan's economic growth has been supported by the investment-led model in the past decade. However, its real GDP per capita is still below the national average, implying further room to catch up with its neighbouring coastal provinces. Going forward, industry upgrading and more FDI inflows will help Henan to catch up with the coastal region and support its real GDP to grow at a CAGR of 6.5% between 2016 and 2035.
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