Guizhou plans $76b health projects on TCM ad­van­tage

China Daily (Hong Kong) - - BUSINESS - By JING SHUIYU in Bei­jing and YANG JUN in Guiyang

China’s south­west­ern Guizhou prov­ince plans to in­vest 524.8 bil­lion yuan ($76.3 bil­lion) in sup­port­ing 320 health projects by 2018, a lat­est en­deavor to fur­ther boost the healthcare in­dus­try, said a lo­cal gov­ern­ment of­fi­cial.

The out­put of the healthcare sec­tor in the prov­ince is pro­jected to reach 400 bil­lion yuan in 2020, ac­count­ing for 10 per­cent of the prov­ince’s GDP, ac­cord­ing to Zhang Ping, deputy di­rec­tor of the Guizhou Provin­cial Devel­op­ment and Re­form Com­mis­sion.

Zhang said: “Guizhou is suit­able for grow­ing herbs, plants and trees used in tra­di­tional Chi­nese medicine or TCM. They pro­vide a foun­da­tion for health-re­lated busi­nesses.”

Some 5.47 mil­lion mu (364,666 hectares) in Guizhou are un­der cul­ti­va­tion that help pro­duce 1.81 mil­lion met­ric tons of herbal medicine an­nu­ally. This has been at­tract­ing the at­ten­tion of phar­ma­ceu­ti­cal en­ter­prises, Zhang said.

For in­stance, Changchun­based Xi­uzheng Phar­ma­ceu­ti­cal Group is plan­ning to in­vest 1 bil­lion yuan in its Guizhou unit over the next five years, said Xiu Laigui, its pres­i­dent. It aims to build an in­dus­try sup­ply chain cover­ing medi- cine, lo­gis­tics, food and healthcare prod­ucts.

“Thanks to good nat­u­ral en­vi­ron­ment, the place can grow high-qual­ity herbs. Big data in­fra­struc­ture here also sup­ports the health in­dus­try,” Xiu said.

Huang Qian­juan, pres­i­dent of Guizhou Qian­long Bio­phar­ma­ceu­ti­cal Co Ltd, a high-tech med­i­cal com­pany, said she found the south­west­ern prov­ince of­fered many op­por­tuni- ties for her startup. “We pre­fer Guizhou for its good ge­o­graph­i­cal lo­ca­tion and good en­vi­ron­ment for star­tups… When a new high-speed train is un­veiled, it will be eas­ier for us to col­lect more pathol­ogy data for anal­y­sis,” Huang said.

Dong Xianwu con­trib­uted to the story.

Con­tact the writ­ers at jing­shuiyu@chi­nadaily.com.cn

WU XIAOYU / FOR CHINA DAILY

Con­tes­tants at the World Cy­ber Arena held last year in Yinchuan, cap­i­tal of the Ningxia Hui au­ton­o­mous re­gion.

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