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China Economic Weekly - November 1, 2011

Medical Gambling

January 2012 Issue | by News China Magazine

A loosened national loan policy introduced during the 2008 financial crisis has reportedly caused the hoarding of traditional Chinese medicines (TCM), leading to asset bubbles among both retailers and producers of TCM. However, since traditional medicines are priced by the government, producers have failed to turn a profit on the sale of  TCM, resulting in the bubble bursting and a 90 percent drop in the autumn of 2010. Now, over 90 percent of China’s TCM producers and salespeople are reporting massive losses while buyers hold out for the market to hit bottom, resulting in the spoilage of countless tons of premium TCM products.

Tags: hoarding, traditional chinese medicines

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