China announces plans to promote traditional medicine
By Park Sae-jin
Posted : May 4, 2015, 16:15
Updated : May 4, 2015, 16:15
The plan, effective until 2020, was released by the Ministry of Industry and Information Technology (MIIT) and the State Administration of Traditional Chinese Medicine.
Under the plan, wild herbs will be protected; a fourth national census of resources will take place; a network to monitor resources will be established; innovation on technology, production and development of medicine will be advanced; and quality of medicine will be assured.
Mao Weiming, deputy chief of the MIIT, said that an orderly competitive market environment should be established.
The plan calls for revisions of regulations to protect and improve the medicine, and asks for more fiscal and financial support for the industry.
By Ruchi Singh