China’s “zero COVID” policy of constantly monitoring, testing and isolating its citizens to prevent the spread of COVID-19 has battered much of the country’s economy, but it has created bubbles of growth in the medical, technology and construction sectors.
The Chinese government, alone among major countries in vowing to eradicate the coronavirus within its borders, is on track to spend more than US$52 billion this year on testing, new medical facilities, monitoring equipment and other disease prevention measures, which would benefit as many as 3,000 companies, analysts say.
“In China, the companies that provide testing services and other related industries are making