Tra­di­tional Chi­nese medicine hit by lower prices

China Daily (Canada) - - FRONT PAGE -

Tum­bling prices have hit the tra­di­tional Chi­nese medicine in­dus­try be­cause of over­sup­ply, poor plan­ning and in­creased com­pe­ti­tion.

Ac­cord­ing to China’s big­gest tra­di­tional medicine trad­ing web­site, zyctd.com, the cost of 11 prod­ucts from a bas­ket of 200 dropped dur­ing the week be­tween May 25 and May 31. The whole­sale price of a fur­ther 183 items re­mained static, while only six in­creased.

The ma­jor prob­lem fac­ing the tra­di­tional Chi­nese medicine in­dus­try is over­sup­ply. “Medic­i­nal herb grow­ers planted more af­ter the boom pe­riod when prices went up,” Liu Zhanglin, deputy direc­tor of China Cham­ber of Com­merce for Im­port and Ex­port of Medicine and Health Prod­ucts, said. “So now there is an over­sup­ply, even though the mar­ket is grow­ing.”

Small farm­ers also stock­piled valu­able herbs when whole­sale prices were high, hop­ing to get even more for their prod­ucts. Even­tu­ally, they were forced to flood the mar­ket or suf­fer sub­stan­tial losses. (Photo 2)

PHOTO BY YIN LIQIN/FOR CHI­NADAILY

A model made by 3-D print­ing of the shared hip bone of 12-weekold con­joined twin girls af­ter surgery that sep­a­rated them at the Chil­dren’s Hos­pi­tal of Fu­dan Uni­ver­sity in Shang­hai on June 9. The hos­pi­tal pi­o­neered the use of 3-D print­ing tech­nol­ogy in the surgery, send­ing data to a 3-D print­ing com­pany to rebuild the anatom­i­cal struc­ture of the con­joined body parts.

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