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TCM's expanding global footprint spawns a multibillion-dollar market

More than 3 trillion yuan ($434 billion) - that's the estimated annual sales revenue of the traditional Chinese medicine or TCM market by 2020, up more than 71 percent from 1.75 trillion yuan in 2017, a recent report said.

Released by the State Council Information Office, the report on the TCM industry appears to suggest China's relatively new TCM law, which took effect in July 2017, may be not only regulating the hitherto informal sector better but transforming it into a fast-growing, potentially economy-boosting sector, with an annual compound growth rate of 20 percent.