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Article: Potions and profits; Traditional Chinese medicine.(Brief Article)
- Article from:
- The Economist (US)
- Article date:
- July 27, 2002
CopyrightCOPYRIGHT 2002 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Money-spinning molecular cocktails
Unorthodox treatments with plenty of potential, regulators permitting
CHARLES HSU faces a dilemma. A venture capitalist with Walden International, an American firm, he knows that traditional Chinese medicine is a potential gold mine, and he has already scrutinised dozens of manufacturers in China. But so far he has had to turn them all down, because, as promising as their herbs and granules sounded, none could produce data or remedy definitions of the sort that regulators in America or Europe insist on.
That is frustrating, for the Hong Kong Trade Development Council reckons that the world market for Chinese ...