HONG KONG -- China's COVID-testing companies face stiff headwinds after Beijing's abrupt U-turn on its virus policies, with many likely to suffer from shrinking business following the end of mass compulsory testing.
Coronavirus
China's COVID shift brings winter to test kit companies
Mass compulsory testing was huge boom for suppliers of high-margin PCR kits
A man takes a PCR test in Beijing on Dec. 16. The government's abrupt U-turn on its virus policies will mean shrinking business for many test kit suppliers. © Kyodo
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