2m 20sLenght

For more news visit ☛http://english.ntdtv.com Animal welfare groups in China are protesting the expansion of a company that extracts bear bile--a type of digestive fluid. Guizhentang Pharmaceuticals Company sells bear bile products as health supplements. The company is hoping to list itself on the stock market, but animal welfare groups say more bears will be hurt if that happens. Since 2000, Fujian-based Guizhentang Pharmaceuticals Company has been extracting bear bile for use in its products. Now the company wants to expand. The move has angered animal welfare groups—who say bile extraction is a gruesome practice—and they fear the expansion will harm more bears. [Toby Zhang, Director of External Affairs, Animals Asia]: "There are 7,000 bears in this industry, 68 bear farms, but now we think the number has increased to more than 10,000, nearly 20,000 bears on the farms. So this industry is growing and growing and we can see more and more bigger bear farms now. Guizhentang is one of the biggest bear farms." Guizhentang has applied to China's Security Regulatory Commission for an Initial Public Offering, or IPO. The company puts bear bile in products like eye drops, herbal tea and wine. Bear farming is legal in China. Chinese medicine has long said bile taken from a bear's gallbladder benefits the liver and eyes. But welfare groups like Hong Kong-based Animals Asia say the extraction process is damaging to the bears. They also warn the bile could harm humans. [Toby Zhang, Director of External Affairs, Animals Asia]: "Bear bile is not safe to consumers. We rescued nearly 300 bears in China in our Chengdu rescue center and we have seen each of rescued bears have gallbladder problems, they have liver problems, they have gallbladder stones and we believe these kinds of sick bears are producing very poor quality bear bile for consumers which may cause them problems." According to Guizhentang's website, the company currently has 400 Asiatic bears. It hopes money from the IPO will allow it to house up to 1,200 bears.