China’s zero-covid industrial complex | The Economist

China’s zero-covid industrial complex | The Economist

The market worth of Dian Diagnostics Group, a maker of PCR tests, soared by more than 10% after the Polit buros pledge. An expert at Soochow Securities, a regional broker, states that screening at this speed will cost China about 1.7 trn yuan ($254bn) this year, or around 1.5% of GDP.The quantity firms can charge for tests has fallen because 2020, when a single swab could cost more than 350 yuan. Dian Diagnostics net profit increased by more than 120% year on year in the first quarter, prior to checking heightened.

Rail and air travel on a recent national holiday were, respectively, 80% and 75% below the level throughout last years festivities. The market worth of Dian Diagnostics Group, a maker of PCR tests, skyrocketed by more than 10% after the Polit buros pledge. An expert at Soochow Securities, a local broker, says that testing at this rate will cost China about 1.7 trn yuan ($254bn) this year, or around 1.5% of GDP.The quantity companies can charge for tests has fallen since 2020, when a single swab could cost more than 350 yuan. Dian Diagnostics net revenue increased by more than 120% year on year in the very first quarter, before testing heightened. Guangdong Hybribio Biotech, another test supplier, reported a dive of practically 200%.


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