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China, Australia Cooperate in Developing Traditional Chinese Medicine
A China-Australia alliance established in Melbourne Thursday to research and develop traditional Chinese Medicine.
China's Guangzhou University of Traditional Chinese Medicine and Australia's Analytica Ltd singed an agreement to develop traditional Chinese medicine.
According to a news release, Analytica, an Australian public company, will manufacture traditional Chinese medicine through Western scientific approach and develop new drugs while Guangzhou University of Traditional Chinese Medicine will advise on new formulations. In addition, they plan to jointly set up a traditional Chinese medicine hospital in Melbourne.
Research indicates that approximately 900 million Australian dollars (about 450 million U.S. dollars) a year is spent on complementary medicine in Australia with just over two-thirds of this spent on traditional Chinese medicines.
Traditional Chinese medicine doctors in both Melbourne and Sydney say most of their patients are white people not Asians.
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