Medical staffs prepare tonic herbs at TCM dispensary of Huatuo Chinese Medicine Hospital in Bozhou, Anhui province, Nov 8, 2011, the traditional solar term of the Beginning of Winter this year. Chinese had the habit of taking tonic herbs in winter.[Photo / China Daily]
Consumers feel pressure of price rise, traders say situtation may continue.
The value of traditional Chinese medicine exported from China is expected to increase by more than 10 percent a year during the next five to 10 years.
Tongrentang moving beyond TCM consumers.
Beijing Tongrentang Group Co Ltd opened its first Middle East pharmacy in Dubai, the luxury port in the United Arab Emirates, in October.
No longer satisfied with being part of the huge "world factory" of producing only cheap clothing and Christmas decorations, Chinese companies are marching into the United States to tap fields where few predecessors have ever been - such as pharmaceuticals.
A Chinese traditional medicine has been authorized for sale in a European market for the first time, the Chinese Academy of Sciences announced on Wednesday. Industry experts said the approval would lead the way for Chinese traditional medicine to enter the mainstream European market.
In addition to government support, traditional Chinese medicine enterprises are also promoting TCM culture and knowledge within the international market.
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