Local residents line up for mandatory coronavirus testing in Daxing district, Beijing, last month. Photo: EPA-EFE
China’s coronavirus testing ‘overkill’ gives economy a shot in the arm, with huge windfall for industry
- Millions of mandatory Covid-19 tests, plus compulsory tests for trips over Chinese New Year, result in massive profits
- Analysts estimate that hospitals, third-party testing institutions and test manufacturers could rake in up to 150 billion yuan (US$23.2 billion) during this year’s Spring Festival travel period alone
Local residents line up for mandatory coronavirus testing in Daxing district, Beijing, last month. Photo: EPA-EFE