| Mainland and Hong Kong traditional Chinese medicine (TCM) researchers will
join forces to promote TCM worldwide, according to a State official. Beijing Tong Ren
Tang, the founding TCM producer, is negotiating with Hong Kong partners to establish a TCM
production base and a new medicine research and development centre through which it hopes
to export more products overseas, said Shen Zhixiang, director of international
co-operation department of the State Administration of TCM. With a history of 330 years,
Tong Ren Tang is a registered trademark in over 50 countries and regions, and produces
more than 800 varieties of prepared herbs. Four of its medicines have been approved by
Food and Drug Administration of the United States.
Tong Ren Tang's expansion is part of Hong Kong's policy decision to build itself into a
TCM export centre.
Hong Kong government will put in HK$1 billion (US$120 million) over the next
decade,taking advantage of Hong Kong's position in foreign exchange and trade to promote
TCM. It will also use the mainland's technology and expertise in traditional health care.
The Hong Kong SAR government also plans to produce new items for sale on the
international market. |
