Research into TCM is increased
As part of a new health drive, Chinese authorities are stepping up research into Traditional Chinese Medicine (TCM) and are encouraging scientists to look for its next magic cure.
“China will encourage originality in TCM and explore the market value of existing research,” said Yan Shujiang, deputy director of the State Administration of Traditional Chinese Medicine, at a TCM conference in Guangdong province.
The game changer for TCM was the discovery of artemisinin, an active compound of sweet wormwood, which landed China a Nobel Prize last year, and is now widely used in anti-malarial drugs throughout the world.
The TCM industry is valued at more than $121 billion, almost 30 times larger than 20 years ago, and one-third of the total medicine industry in China.