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25.03.25 19:30

Economy

Chinese province produces ginseng worth almost US$20 billion in year

A full-fledged ginseng industry ecosystem has been created in the region

In the Chinese province of Jilin in the north-east of the country, the total value of ginseng produced in 2024 reached 80 billion yuan (about US$11,9 billion). This is reported by Northeast Asia Today, a partner of TV BRICS.

"At present, 10 industrial parks for ginseng cultivation have been established in Jilin province," the report says.

The region has also built 4 specialised markets to sell the produce.

Ginseng is a perennial herbaceous plant whose root is used in medicine for its medicinal properties. It is used to strengthen immunity, reduce stress, and improve general well-being.

Photo: Envato

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Ferdinand Marcos

President of the Republic of the Philippines

"First, peace, security and stability. [...] We need our joint efforts to contribute to peace and security and to respond promptly to all threats. Second, a more dynamic economic partnership. Our areas of cooperation in trade are developing. We need to act more ambitiously and decisively in order to facilitate trade, economic flows and the expansion of the business community. [...] And third, perhaps one of the most important areas, is our peoples, grants, student exchanges, academic partnerships and tourism. [...] The relationships that are being built between our countries are reflected in the summit declaration, and they provide what policy alone cannot achieve"

Anwar Ibrahim

Prime Minister of Malaysia

"The relations in the last few years have been remarkable. We have seen impressive development, and my visit was – you were fantastic. We see the enormous role that Russia can play not only in Malaysia but also in the developing world, ASEAN and the rest. We are exploring this halal economy and finance. We are now almost finishing the visa abolition arrangement. [...] And then you have also agreed to these flights for tourism, for trade, and connectivity between Malaysia, Moscow, Kazan, and other cities in Russia"

Vladimir Putin

President of the Russian Federation

"This forum, which has brought together leading representatives of the business communities of our country and the ASEAN member states in the hospitable capital of Tatarstan, Kazan, is of particular importance. This year marks the 35th anniversary of Russia–ASEAN relations. During this period, we have accumulated substantial experience in multifaceted cooperation, established strong ties, including between the Association’s Business Advisory Council and the Russia–ASEAN Business Council, and created a solid foundation for the future"

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India’s External Affairs Minister

"As Chair, I thank each delegation for their presence and continued commitment to strengthening cooperation within the BRICS framework. […] Development issues remain central. Many countries continue to face challenges on energy, food, fertiliser and health security, as well as access to finances. BRICS can help them respond more effectively. Economic resilience is also key. Reliable supply chains and diversified markets are its essential components. We must focus on both"

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Chinese province produces ginseng worth almost US$20 billion in year

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