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Abstract
The Chinese medicine industry always holds the balance in the Chinese medicine market of China. At present, the medicine industry has gradually formed the special industry system and group. By Porter’s “Diamond Model” theory, the international competitive advantages and disadvantages of Chinese medicine industry are analyzed in this article, and corresponding suggestions about the industry development are provided.
Highlights
The Chinese medicine industry always holds the balance in the Chinese medicine market of China
Porter’s diamond model is used in this article to analyze the international competitiveness of Chinese medicine industry of China, and the result shows that many challenges still exist when enhancing the competitiveness
In nearly 3000 rare and endangered plants, about 60%-70% of them has medicine values, and 168 sorts of plants have been listed in the List of Rare and Endangered Plants under State Protection of China, and 162 sorts of medicine animals were listed in the List of Intense National Protection of Wild Animal of China, where, Linfang, black bear, red deer, Gejie, and other forty kinds of animal significantly reduced, and the resource of muskiness has reduced 70% than 1950s, and the endangered status of tiger bones and rhinoceros horn has significantly influence the market supply of nearly 30 kinds of animal medicines, which are all challenging the development of the Chinese medicine industry of China
Summary
In 1990, Michael Porter established a new analysis standard about the nation competitiveness in his book of “The Competitive Advantage of Nations”, i.e. the “Diamond Model (Porter ME, 1990, P.64-117)”. Basic decisive factors include the production factor, the demand condition, the enterprise strategy, structure and competitiveness, and relative and supporting industries. These factors influence themselves each other, and compose the dynamic system of analyzing the industry competitive ability
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