Traditional Chinese Medicine Industry Suffering from Falling Prices Due to Oversupply

Tumbling prices have left the traditional Chinese medicine industry in poor health. Finding the cure will not be easy. Oversupply, poor planning and increased competition threaten to send the sector into a summer slump. Wholesale prices for pseudo-ginseng, codonopsis and chrysanthemum have all fallen, plunging the industry into what experts describe as a recession. High-quality

Restaurants in China Found Illegally Using Opium Poppy Capsules to Snag Repeat Customers

A survey by Xinhua News Agency showed that poppy capsules have been illegally used as a condiment in foods such as hot pot, noodles and crayfish in some restaurants to create repeating customers in several provinces, the agency reported on Thursday [30 October 2014]. Xinhua found cases of poppy capsule usage in multiple regions including

Hunan Official Exposes Potential Corruption over the Renaming of Southern China’s Honeysuckle Flower

An official in China’s south-central Hunan Province took matters into his own hands and used his microblog to report official corruption in China’s Food and Drug Administration (CFDA). He charged that for almost a decade growers of a sweet-smelling herb in southern China have lost millions due to the CFDA’s actions. Lu Qun is deputy

British Company Acquiring Anhui-based Producer of Traditional Chinese Medicine

Reckitt Benckiser, the British FMCG (Fast Moving Consumer Goods) giant is reportedly acquiring Anhui-based Golong Medicine, a traditional Chinese medicine manufacturer known for sore-throat remedies. The detailed costs of the acquisition haven’t been disclosed yet. Insiders believe that the acquisition will help Reckitt Benckiser to diversify its business and to sell western health products in

Nestlé to Enter Traditional (Herbal) Chinese Medicine Market

The world’s biggest food group Nestlé is moving into traditional Chinese medicine by joining forces with Chinese pharmaceutical group Chi-Med, the Swiss group said on Wednesday. The new entity, called Nutrition Science Partners (NSP), is to be owned equally by the two parties, Nestle said, without revealing any of the financials behind the deal. NSP will