China's first national herbal price index - Kang Mei. The price index of Chinese herbal medicines was formally announced on the 8th in Puning, Guangdong, which will provide the basis for the market pricing of mainland Chinese herbal medicines, adjustment of operating varieties, and control of inventory.

The index was compiled and operated by private enterprises. Under the deployment of the National Development and Reform Commission of China, based on the price index of Puning Chinese herbal medicines, it was introduced into China Liuzhou, Hebei Anguo, Chengdu Lotus Pond, Guangxi Yulin, Kunming Juhua Garden, Guangdong Puning, etc. China VI. The large Chinese herbal medicine specialty market and 300 production area collection points establish a price collection system for Chinese herbal medicines covering the entire country.

The index covers more than 700 representative indices, more than 500 sub-indexes, 12 major indices, total price index of Chinese medicinal materials, 16 major efficacy indices, 30 major origin index, and user customization that meets the individual needs of users. Index to reflect the changing trend of Chinese herbal medicine prices.

Zhou Wangjun, deputy director of the price division of the National Development and Reform Commission, said that the index was prepared to encourage the cultivation and development of excellent Chinese medicinal materials and promote the increase of farmers' income. The price index was used to find market prices to stabilize and standardize the market and prices of Chinese medicinal materials to reduce the burden on patients. This will in turn promote traditional Chinese medicine from China to the world.

The company responsible for compiling and running the index was established in 1997. It is a large-scale private listed company that takes traditional Chinese medicine decoction pieces as its core and carries out the entire industry chain operation of traditional Chinese medicines. It owns the national high-tech industrialization of Chinese herbal medicines. Demonstration base, which manages more than 75% of the country's professional medicine trading market, has a successful operating experience of “Commercial Chinese Herbal Medicine Professional Market Price Index”.

Industry sources pointed out that the official operation of the index is of great significance in guiding and stabilizing the market price of Chinese herbal medicines, safeguarding the interests of consumers and producers, and increasing China's price discourse in the international Chinese herbal medicine market.

Since 2009, the National Development and Reform Commission has actively promoted the preparation of a national price index for the production of important agricultural and sideline products, production materials, and necessities for residents. At present, in addition to the price index for Chinese herbal medicines in China, the price indices for iron ore and timber in China have begun to operate. In addition, the price indices for rice, corn, soybeans, sugar, vegetables, pigs, cotton, tourism, and oil and gas are all under preparation. .