# Crane Industry

The Crane King of Henan: Why Radical Profit-Sharing is the New Benchmark for 'Socialist Entrepreneurship'

Henan Mine, a dominant force in China's crane manufacturing industry, has gained national fame for distributing the majority of its annual profits as cash bonuses to employees. Operating without debt or external investors, the firm’s paternalistic model offers a resilient alternative to the high-leverage growth strategies common in modern Chinese industry.