Joint venture announced for traditional Chinese medicines

05/28/2004 | China Daily (Beijing)

Hong Kong's Hutchison Whampoa and China's Guangzhou Baiyunshan Pharmaceutical agreed to a 50-50 joint venture in Guangzhou to produce traditional Chinese medicines. Guangzhou's plant will be a major component of the deal, which one consultant said demonstrates the growing interest among overseas investments in traditional Chinese medicines.

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China Daily (Beijing)

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