
Not all Chinese companies have been affected by the "zero tolerance" policy towards COVID-19. Andon HEALTH, a Shenzhen Stock Exchange-listed CORONAVIRUS test and medical device maker, saw a 32,000% year-over-year revenue increase by selling test kits to the US and CHINA. The top 35 COVID-19 test makers managed to earn 150 billion yuan ($21 billion) in the first half of 2022, joining the ranks of companies for which the pandemic has become a time of opportunity.
However, outside of businesses working to combat COVID-19, overall, the Chinese economy is doing poorly. Quarantines and restrictions on movement have weakened consumer confidence and led to a slowdown in economic growth. They provoked protests across the country that have been going on for two weeks. On November 27, on the streets of Shanghai, young people openly protested against endless testing and quarantine restrictions. Their slogan was "We don't want coronavirus tests, we want freedom."