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8 White Paper on the Business Environment in China
medicines. Xu also pointed to the GMP certificate, which Works Cited
was once quite easy to obtain, making the barrier for
entry into the industry low. But standards have become Abbey, Cody. “New Law Sparks Debate over Future of
stricter, he added (Bhandari). TCM.” CNN. Cable News Network, 30 June 2017. Web. 01
Sept. 2017.
Still, TCM is readily identified with China by people
overseas, opening a possible new avenue for the Bhandari, Bibek. “China’s Drug Regulator Closes
nation to project soft power around the globe. Wang Traditional Medicine Companies.” Sixth Tone. Sixth Tone,
Guoqiang, Deputy Chief of the National Health and 08 June 2017. Web. 01 Sept. 2017.
Family Planning Commission, attributed traditional
medicine’s high recognition to the authority’s attention Chen, Ziyan. “More Elderly Chinese Choose to Live
to its development and the increasing recognition of its in Nursing Homes.” ChinaDaily.com. China Daily, 8 Oct.
value by the international community. Wang said TCM 2015. Web. 01 Sept. 2017.
centers set up overseas were very popular. “I’ve been
to some countries and many state leaders mentioned Cooper, Mark. “The Growing Need for Senior Housing
they wished to import TCM to their own country. Their in China.” Urban Land Magazine. Urban Land Magazine,
awareness and recognition of TCM is continuously 19 Dec. 2016. Web. 01 Sept. 2017.
rising,” Wang said (Zhuang).
EIU. “Healthcare.” The Economist Intelligence Unit.
The Economist, 25 Apr. 2017. Web. 01 Sept. 2017.
Flora, Liz. “China’s Rich Opt for Luxury Nursing Homes
Over Filial Obligations.” Jing Daily. Jing Daily, 18 Aug.
2016. Web. 01 Sept. 2017.
Ho, Andy. “’Big Health’ and the Future of Medicine in
China.” World Economic Forum. World Economic Forum,
19 June 2017. Web. 01 Sept. 2017.
IBIS. “TCM Hospitals in China: Market Research Report.”
IBISWorld. IBISWorld, Mar. 2017. Web. 01 Sept. 2017.
IBIS. “TCM Manufacturing in China: Market Research
Report.”IBISWorld. IBISWorld, Aug. 2017. Web. 01 Sept. 2017.
Kung, Patrick. “How Can China Care for Its Ageing
Population?” World Economic Forum. World Economic
Forum, 10 Sept. 2015. Web. 01 Sept. 2017.
Lancet. “China’s Health Trajectory in 2017.” The
Lancet. Elsevier Limited, Feb. 2017. Web. 1 Sept. 2017.
Li, Hui, and Lulu Yilun Chen. “China’s Tech Tycoons’
Healthcare Dreams Aren’t Coming True.” Bloomberg.
com. Bloomberg, 12 Feb. 2017. Web. 01 Sept. 2017.
Li, Jane, and Viola Zhou. “China’s Healthcare Sector
Draws Interest from Private Equity.” South China
Morning Post. South China Morning Post, 18 Jan. 2017.
Web. 01 Sept. 2017.
406
medicines. Xu also pointed to the GMP certificate, which Works Cited
was once quite easy to obtain, making the barrier for
entry into the industry low. But standards have become Abbey, Cody. “New Law Sparks Debate over Future of
stricter, he added (Bhandari). TCM.” CNN. Cable News Network, 30 June 2017. Web. 01
Sept. 2017.
Still, TCM is readily identified with China by people
overseas, opening a possible new avenue for the Bhandari, Bibek. “China’s Drug Regulator Closes
nation to project soft power around the globe. Wang Traditional Medicine Companies.” Sixth Tone. Sixth Tone,
Guoqiang, Deputy Chief of the National Health and 08 June 2017. Web. 01 Sept. 2017.
Family Planning Commission, attributed traditional
medicine’s high recognition to the authority’s attention Chen, Ziyan. “More Elderly Chinese Choose to Live
to its development and the increasing recognition of its in Nursing Homes.” ChinaDaily.com. China Daily, 8 Oct.
value by the international community. Wang said TCM 2015. Web. 01 Sept. 2017.
centers set up overseas were very popular. “I’ve been
to some countries and many state leaders mentioned Cooper, Mark. “The Growing Need for Senior Housing
they wished to import TCM to their own country. Their in China.” Urban Land Magazine. Urban Land Magazine,
awareness and recognition of TCM is continuously 19 Dec. 2016. Web. 01 Sept. 2017.
rising,” Wang said (Zhuang).
EIU. “Healthcare.” The Economist Intelligence Unit.
The Economist, 25 Apr. 2017. Web. 01 Sept. 2017.
Flora, Liz. “China’s Rich Opt for Luxury Nursing Homes
Over Filial Obligations.” Jing Daily. Jing Daily, 18 Aug.
2016. Web. 01 Sept. 2017.
Ho, Andy. “’Big Health’ and the Future of Medicine in
China.” World Economic Forum. World Economic Forum,
19 June 2017. Web. 01 Sept. 2017.
IBIS. “TCM Hospitals in China: Market Research Report.”
IBISWorld. IBISWorld, Mar. 2017. Web. 01 Sept. 2017.
IBIS. “TCM Manufacturing in China: Market Research
Report.”IBISWorld. IBISWorld, Aug. 2017. Web. 01 Sept. 2017.
Kung, Patrick. “How Can China Care for Its Ageing
Population?” World Economic Forum. World Economic
Forum, 10 Sept. 2015. Web. 01 Sept. 2017.
Lancet. “China’s Health Trajectory in 2017.” The
Lancet. Elsevier Limited, Feb. 2017. Web. 1 Sept. 2017.
Li, Hui, and Lulu Yilun Chen. “China’s Tech Tycoons’
Healthcare Dreams Aren’t Coming True.” Bloomberg.
com. Bloomberg, 12 Feb. 2017. Web. 01 Sept. 2017.
Li, Jane, and Viola Zhou. “China’s Healthcare Sector
Draws Interest from Private Equity.” South China
Morning Post. South China Morning Post, 18 Jan. 2017.
Web. 01 Sept. 2017.
406