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China Aims To Modernize Traditional Chinese Medicine
Posted on 06/29/2007 06:22:28 | Link | Post Comment
by Richard Daverman, PhD
ChinaBio Today
TCM to Complement Western Medications
Chinese officials announced a new 20-year initiative to modernize traditional Chinese medicine. The goal of the plan is to position the system of centuries-old herbal drugs as a complement to Western medications, rather than to make it into an either-or alternative.
Under the initiative, the aim will be to improve standards, find new applications and standardize planting, production and processing of medicinal herbs. The plan was outlined in a report issued by the China National Center for Biotechnology Development, which is part of the Ministry of Science and Technology.
China wants to build TCM into an industry with revenues of RMB 400 billion ($52.6 billion) each year, though press reports did not specify when that level would be reached.
Presently, 85% of China’s rural population has access to TCM, according to the report. About 3,000 hospitals in China provide TCM treatment, and it is administered in 234 million hospital visits annually.
RELATED READING:
- China Sets Lofty Goals for its Bioindustry
- Healthcare Park to be Built in Suzhou, China
- China Biotech Weekly Review: TCM Goes Mainstream
ChinaBio Today is a regular contributor to BioHealth Investor
_________________
ChinaBio Today
TCM to Complement Western Medications
Chinese officials announced a new 20-year initiative to modernize traditional Chinese medicine. The goal of the plan is to position the system of centuries-old herbal drugs as a complement to Western medications, rather than to make it into an either-or alternative.
Under the initiative, the aim will be to improve standards, find new applications and standardize planting, production and processing of medicinal herbs. The plan was outlined in a report issued by the China National Center for Biotechnology Development, which is part of the Ministry of Science and Technology.
China wants to build TCM into an industry with revenues of RMB 400 billion ($52.6 billion) each year, though press reports did not specify when that level would be reached.
Presently, 85% of China’s rural population has access to TCM, according to the report. About 3,000 hospitals in China provide TCM treatment, and it is administered in 234 million hospital visits annually.
RELATED READING:
- China Sets Lofty Goals for its Bioindustry
- Healthcare Park to be Built in Suzhou, China
- China Biotech Weekly Review: TCM Goes Mainstream
ChinaBio Today is a regular contributor to BioHealth Investor
_________________
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