In this article there are some interesting data points on TCM in China and the Govt desire to support it.
State-backed industryThe front and center role TCM has taken in fighting the coronavirus outbreak dovetails with the Chinese government's recent efforts to promote TCM at home and abroad.China's State Council estimated last year that the TCM industry could exceed 3 trillion yuan ($430 billion) by 2020 -- a 71% increase from 2017. Beijing has also sought to promote TCM alongside its "Belt and Road Initiative," a massive global infrastructure and investment program.Ancient remedies have been repeatedly hailed as a source of national pride by Chinese President Xi Jinping, himself a well-known TCM advocate."Traditional medicine is a treasure of Chinese civilization embodying the wisdom of the nation and its people," Xi told a national conference on TCM in October last year.
This is the only ASX listed TCM play.. Combine aus provenance on a few parts and this could move very quickly
EHH Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
