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                Qingdao Huazhong Pharmaceuticals Co., Ltd

                Set up in 1988, Qingdao Huazhong Pharmaceuticals Co., Ltd. is the first joint venture designed and built according to the GMP to produce traditional Chinese medicine. The company’s partners include China National Group Corporation of Traditional & Herbal Medicine, China National Pharmaceutical Foreign Trade Corporation, Qingdao Growful Group Medicine Materials Limited and Kanebo, Ltd. of Japan(Kracie Pharmaceutical, Ltd.), comprising a total investment of 2.5 billion yen. Its main products are extract powder and prepared herb pieces which are mostly exported to Japan.