CURRENT SCIENCE, VOL. 83, NO. 4, 25 AUGUST 2002
In an effort to promote traditional Chinese medicine (TCM) in the global market, the Chinese Government launched a special project on modernization and industrilization of TCM in 1999. Since then the government has invested 550 million yuan (US$ 66 million) on modernization of TCM, says a report in China Daily. Another US$ 1.2 billion, collected from society, has also been used for research in improving the quality of production and modernization of technology. In 2000, the total turnover of the TCM industry in China was $5.86 billion, 24 times that of 1984.