A new beginning for TCM
Macau Business | January 2022 | Special Report | Traditional Chinese Medicine – Breathing a new life
The new Law on Pharmaceutical Activity in the Scope of Traditional Chinese Medicine and Registration of Traditional Chinese Medicines (No.11/2021) goes beyond mere regulatory legislation for the sector, which has been given increasing importance by the Ho Iat Seng government.
According to those involved in the field, the language is enough to definitively catapult Traditional Chinese Medicine (TCM) into the prominent role policy makers have envisioned for it.
This special report covers that vision, what exactly has changed because of the new law, and the role of TCM in the diversification of Macau’s economy, Hengqin, in the Greater Bay Area and in Portuguese-speaking countries.
Also discussed is the (at times mistrustful) relationship between TCM and biomedicine, one thrust into the spotlight by the current pandemic.
Despite a long tradition, TCM’s awakening in Macau waited till 1999.
Going forward, TCM leads a new life.
Co-ordinated by João Paulo Meneses
A new law to combat “miracle healers”
Diversification: TCM tops the list
A key investment scrutinized
The Traditional Chinese Medicine Science and Technology Industrial Park of Cooperation between Guangdong and Macau (the GMTCM Park), in Hengqin, is a flagship project both in terms of regional cooperation and push for diversification. However the management of the project became subject to greater scrutiny after a Commission of Audit report exposed sore spots.