Zheng Quan Ri Bao Zhi Sheng·2025-07-13 15:46Core Viewpoint - The article highlights the development of the traditional Chinese medicine (TCM) industry in Ping Shun County, Shanxi Province, supported by financial services from Agricultural Bank of China (ABC), which has significantly boosted local economic growth and agricultural practices [1][3]. Group 1: Industry Development - Ping Shun County is recognized as a key area for high-quality TCM, with over 300 types of medicinal herbs and a cultivation area exceeding 850,000 acres, generating a production value of over 1.2 billion yuan [1]. - The county has been designated as a national TCM industry demonstration county, focusing on the entire industry chain of TCM [1]. - The main product, Lu Dang Shen oral liquid, has seen production reach over 50 million bottles annually, with over 1,000 tons of raw material processed in the last three years [1]. Group 2: Financial Support - ABC has been instrumental in providing financial support to local enterprises, including a loan of 10 million yuan to Shanxi Zhenglai Pharmaceutical Co., which is expanding its product line [2]. - The bank's "Jinpin e-loan" program has facilitated loans totaling over 51 million yuan to 36 TCM growers, addressing financing challenges in the industry [3]. - The bank has committed over 684 million yuan in financing to support local agricultural enterprises, including TCM and millet production [4].