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China Dedicated RMB 3.5 Billion For TCM Development In 2008

This article was originally published in PharmAsia News

Executive Summary

China's National Development and Reform Commission, Ministry of Finance and Ministry of Science and Technology allocated funds of more than RMB 3.5 billion ($512.36 million) in 2008 to support traditional Chinese medicine development. The unprecedented financial support in terms of strength and scope covers health care, education, research, culture and infrastructure establishment of TCM hospitals. Of the amount, RMB 31 million ($4.53 million) came from central finance for an innovative program to publicize and popularize TCM knowledge nationwide. Recently, NDRC and the State Administration of Traditional Chinese Medicine jointly identified 16 key TCM clinical research areas for development. With investment of more than RMB 4 billion ($585 million), the project is scheduled to begin in 2009. The increased funding seeks to accelerate changes in TCM fundamentals and innovation. (Click here for more - Chinese Language)

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