China will double its traditional medicine output to 400 billion yuan (58.5 billion U.S. dollars) in about ten years, according to a report.
The country will speed up the modernization of traditional Chinese medicine (TCM) with standardized planting and processing and enhance innovation in the industry, said the report released by the China National Center for Biotechnology Development at a recent bioeconomy forum in Tianjin.
In May, the State Council, or the Cabinet, issued a set of policies, including more government investment, to support the sector’s development.
The practice of TCM, evolved over thousands of years based on the observation of nature and the human body, includes herbal medicine, acupuncture, dietary therapy and massage.
—People’s Daily Online, Beijing, China, July 01, 2009