China Shenghuo Gains Foothold In U.S. Market With TCM Products
This article was originally published in PharmAsia News
Executive Summary
SHANGHAI - China Shenghuo Pharmaceutical will launch its new traditional Chinese medicine-based 12Ways Skin Care products in the U.S. during the first quarter of 2008, the company announced Feb. 7
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China Shenghuo Sees Sales Boost In Rural Markets From New Health Care Reform And Expanding Retail Cosmetics
SHANGHAI - China Shenghuo Pharmaceutical saw sales growth in China's rural areas thanks to new medical reforms in China during the first nine months of 2008, company President Lan Feng told a Nov. 25 earnings call
China Shenghuo Sees Sales Boost In Rural Markets From New Health Care Reform And Expanding Retail Cosmetics
SHANGHAI - China Shenghuo Pharmaceutical saw sales growth in China's rural areas thanks to new medical reforms in China during the first nine months of 2008, company President Lan Feng told a Nov. 25 earnings call
Upbeat Outlook For TCM Industry
The Chinese government issued several policies and statutes to support the development of traditional Chinese medicine, breathing fresh life into the sector. Analysts predict that both traditional Chinese medicine sales revenues and profits are expected to grow more than 20 percent in 2008 due to several factors: Per capita health care expenditure is climbing steadily; the government is increasing investment to promote the modernization and internationalization of TCM; health reforms and medical insurance for urban and rural communities could potentially expand the medical market to 100 billion yuan; and a lower standard tax rate of 25 percent for domestic and foreign-funded companies, which will raise the profitability of the TCM industry. (Click here for more - Chinese Language)