On November 19th, Sun Yat-sen University signed an agreement with University of Sydney to jointly set up the Sino-Australian Traditional Chinese Medicine Research Center. Sources from the signing ceremony reported that a center for drug screening and evaluation would be established to win acceptance of traditional Chinese medicine worldwide.
The research center will focus on the treatment of serious diseases in both nations, including Chronic Diseases like cancers, Cardiovascular Diseases, diabetes and infectious diseases like SARS and hepatitis, thus improving research into traditional Chinese medicine.
The research center will set up institutes in the two universities. New South Wales will provide RMB5 million and the University of Sydney RMB5 million. On the other hand, Sun Yat-sen University will provide a research building providing an area of 20 thousand square meters and a modern animal laboratory center covering 6 thousand square meters. The whole project will be accepted by Sun Yat-sen University as a national project (985 Plan). With all efforts, the first medicines will be produced in two to five years.
New South Wales will cooperate with China to explore the health medicine market worth billions of Australian dollars and will also contribute to the research and development of traditional Chinese medicine. In addition, the University of Sydney and the University of Western Sydney will jointly set up an institute of traditional Chinese medicine.
(Translated by Guangzhou Association of Foreign Affairs Translators)
Source : english.gz.gov.cn