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China Sows Ground For TCM Market Growth With Regulatory Framework

 
• By Brian Yang

A long-awaited law could greatly enlarge the traditional Chinese medicine market and has prompted drug makers in the country to race to develop TCM products. The potential TCM boom has multinational drug firms leaping into the fray, some to partner with locals and others establishing teams devoted to TCM R&D.

China is establishing a formal legal framework for traditional Chinese medicines in a bid to grow market for the herbal remedies and other treatments common in the country for centuries into a robust sector worldwide.

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