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2009-06-28 News Report [Central News Agency]
The China National Center for Biotechnology Development under the Ministry of Science and Technology released a report stating that over the next decade, China will further modernize traditional Chinese medicine (TCM) to establish an integrated healthcare system combining Chinese and Western medicine, forming a TCM industry with an output value of 400 billion yuan (approximately 2 trillion New Taiwan dollars).
According to Xinhua News Agency, the research report noted that China will make the TCM healthcare system a key pillar of public health, ensuring that 85% of the rural population can access TCM medical and healthcare services in the future.
Over the next 10-plus years, China will accelerate the modernization of TCM, further refine its theoretical system, significantly improve the level of TCM diagnosis and treatment, and enable more people to accept and benefit from TCM services.
Since China's reform and opening-up, the TCM industry has maintained rapid growth, with an average annual industrial output growth rate exceeding 20% in recent years—higher than the pharmaceutical industry's average—forming an industry worth nearly 100 billion yuan.
Over the past 25 years, China's annual consumption of Chinese herbal medicines has increased from 400,000 tons to over 1.2 million tons. Experts predict that with the rapid development of China's pharmaceutical industry, by 2010, China is expected to become the world's fifth-largest pharmaceutical market after the United States, Japan, Germany, and France. 980628
Source: http:/ / news. chinatimes. com/ 2……0505+132009062800627,00. html
China's Traditional Medicine Industry to Reach 400B in 10 Years
The China National Center for Biotechnology Development under the Ministry of Science and Technology released a report stating that over the next decade, China will further modernize traditional Chinese medicine (TCM) to establish an integrated healthcare system combining Chinese and Western medicine, forming a TCM industry with an output value of 400 billion yuan (approximately 2 trillion New Taiwan dollars).
According to Xinhua News Agency, the research report noted that China will make the TCM healthcare system a key pillar of public health, ensuring that 85% of the rural population can access TCM medical and healthcare services in the future.
Over the next 10-plus years, China will accelerate the modernization of TCM, further refine its theoretical system, significantly improve the level of TCM diagnosis and treatment, and enable more people to accept and benefit from TCM services.
Since China's reform and opening-up, the TCM industry has maintained rapid growth, with an average annual industrial output growth rate exceeding 20% in recent years—higher than the pharmaceutical industry's average—forming an industry worth nearly 100 billion yuan.
Over the past 25 years, China's annual consumption of Chinese herbal medicines has increased from 400,000 tons to over 1.2 million tons. Experts predict that with the rapid development of China's pharmaceutical industry, by 2010, China is expected to become the world's fifth-largest pharmaceutical market after the United States, Japan, Germany, and France. 980628
Source: http:/ / news. chinatimes. com/ 2……0505+132009062800627,00. html