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China's zero-Covid strategy of endless testing and lockdowns has hammered its economy and taken a toll on company profits, but it has delivered a windfall for test makers.

Twelve of China's top Covid testing firms have recently posted huge increases in both revenues and net profits for the first half of this year.
Andon Health, which supplies Covid test kits both at home and abroad, reported that its net profit skyrocketed by 27,728% in the first six months of 2022, reaching 15.24 billion yuan ($2.2 billion). It was the biggest increase recorded by any listed company in mainland China.

As China's economy slows, one industry is seeing record profits: Covid testing China's zero-Covid strategy of endless testings and lockdowns has hammered its economy and taken a toll on company profits, but it has delivered a windfall for test makers.

When she first started to shed some weight, Yvonne DeBurgo quipped that she could afford to lose it.

But over the past three months, the 77-year-old widow from the southern English county of Oxfordshire has lost nearly 25 pounds, a result of eating just one cooked meal a day -- with just a piece of fruit or a sandwich for dinner.
DeBurgo lost the weight while trying to save money -- a sobering manifestation of the country's cataclysmic cost-of-living crisis, one that appears to have no end in sight.

'Starve or freeze to death': Millions of elderly Brits fear a grim choice this winter as costs spiral | CNN Business When she first started to shed some weight, Yvonne DeBurgo quipped that she could afford to lose it. But her weight loss, driven by the need to economize, is a sobering manifestation of a cost-of-living crisis which is impacting many older people.