Guizhou plans $76b health projects on TCM advantage

China's southwestern Guizhou province plans to invest 524.8 billion yuan ($76.3 billion) in supporting 320 health projects by 2018, a latest endeavor to further boost the healthcare industry, said a local government official.

The output of the healthcare sector in the province is projected to reach 400 billion yuan in 2020, accounting for 10 percent of the province's GDP, according to Zhang Ping, deputy director of the Guizhou Provincial Development and Reform Commission.

Zhang said: "Guizhou is suitable for growing herbs, plants and trees used in traditional Chinese medicine or TCM. They provide a foundation for health-related businesses."