echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Biochemistry News > Plant Extracts News > China imports over 600 million U.S. dollars of natural botanicals every year

    China imports over 600 million U.S. dollars of natural botanicals every year

    • Last Update: 2010-08-24
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    At present, the annual sales volume of the world botanical medicine market is about 16 billion US dollars, and the annual growth rate is 10% to 20% As a big country of traditional Chinese medicine, China's annual export of traditional Chinese medicine is only about US $100 million, while the import of natural plant medicine has exceeded US $600 million, and the import volume has far exceeded the export volume This is the figure disclosed by Zou Zhongquan, vice president of China Pharmaceutical Quality Management Association on Friday He said in the "International Summit Forum on traditional Chinese herbal preparations" held here that the reason why China's import of proprietary Chinese medicine is still growing is that western countries have started to take the research and development of natural drugs dominated by traditional Chinese medicine as a strategic industry to promote the internationalization of traditional Chinese medicine In recent years, many multinational Biopharmaceutical Enterprises have expanded their investment in China and have invested in China There is a huge pressure on pharmaceutical enterprises Zhang Heyong, consultant of the State Food and Drug Administration and President of China Pharmaceutical Quality Management Association, believes that with the acceleration of economic globalization, the international community has become more and more receptive to traditional medicine At present, more than 70 countries in the world have formulated herbal laws and regulations, and more than 120 countries and regions have established various types of traditional medicine institutions, which has driven the growth of Chinese herbal medicine demand 。 At present, in addition to the strong demand in Southeast Asia, the traditional medicine market in North America, Western Europe, Africa and the Arab region is also gradually expanding According to the data provided by him, the annual sales of Chinese herbal medicines in the international market account for about 20% of the drug sales, most of which are products from Europe, Japan and other countries, while China only accounts for less than 10% of the global market share of herbal medicines He believed that traditional Chinese medicine, which is accepted by all countries, must have the terminology, testing methods and quality control standards in line with the international common use Zhang Heyong disclosed that the "zhimingde Wuqing Tongti oral liquid" developed by Chinese experts using modern quantum technology has successively obtained the approval certificate of therapeutic drugs from Australian and Singapore governments this year, and passed the test of the US Food and Drug Administration last month, obtaining the sales certificate, providing successful experience for promoting the entry of Chinese traditional medicine into the international market.
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.