A wave of fears and anxiety has broken out in China with a new wave of the “Corona” epidemic, which is alarming wider economic chaos in the country, This came after it became clear that a number of major labs were using corrupted tests that gave erroneous results.
A report published by the American network “CNBC” says that corrupted tests for the Corona have become a concern for the Chinese on social networks, where a hashtag is widely circulated saying: “If the virus testing chaos does not stop, the epidemic may not end.”
According to the report, which was seen by Al Arabiya.net, this controversy erupted in China after an opinion piece was published in the then-deleted Communist Party of China newspaper, discussing several cases of drug test results. viruses failed and erroneous this year all over the country, including Shanghai and Beijing.
The report warned that false reporting of test results could eventually lead to an increase in the spread of the virus, leading to more rounds of testing and more shutdowns for months on end, threatening economic chaos and subsequent crises that will last. long time.
A few days ago, the Chinese newspaper reported on more than 30 coronavirus testing companies in China, all under the control of the same shareholder, and it emerged that they have been repeatedly fined for these corrupted tests and their incorrect results.
Last week, health authorities in the Chinese city of Lanzhou blamed one of those companies for reporting some positive virus test results as negative.
A few days ago, a Chinese official told a press conference that the cities of Beijing, Hefei and Shig Yazhuang, among other cities, had encountered problems with some virus testing companies and had punished them. The official added that the Criminal investigations had also been conducted with some institutions and individuals.
Over the past month, several major cities across China have reported an increase in infections, prompting new lockdowns, as students and groups of people staged public rallies over the weekend to protest government restrictions still in place due to the coronavirus, a policy that has been going on for almost three years.
CNBC linked the ongoing Chinese restrictions to the financial profits made by companies conducting virus testing, as the American News Network report tracked 15 publicly traded Chinese companies specializing in providing testing services and conducting tests related to the coronavirus.
The report, which was reviewed by Al Arabiya.net, said the fifteen companies reported total revenues of 86.58 billion yuan ($12.2 billion) during the first three quarters of 2022.
Not all of these companies’ revenues necessarily come from testing positive for the virus, but their businesses have posted significant gains this year through the end of last September.
The data showed that seven companies reported revenues nearly doubled or more during that period last year, with one company even seeing revenues nearly quadruple.
Last week, the Shanghai Stock Exchange reversed its review of a virus testing company’s proposed IPO.
In the first half of this year, 237 companies related to virus testing were registered in China, an increase of 51.9% over last year.
