https://www.telegraph.co.uk/business/20 ... k-decades/‘Wuhan lab leak’ may be the biggest economic shock for decades
If intelligence services find a Chinese lab really did create Covid then global trade would collapse, triggering a huge financial crisis
Seems to me it's still a pretty big if (regarding the likelihood that Covid was manufactured in a Chinese lab) but the theory seems to be gaining traction, and not just with Trump and his ilk.
https://www.ft.com/content/923e0256-7f7 ... c066b8b70b
But what if it was, even 'on the balance of probability', let alone 'beyond reasonable doubt'? How on earth would politicians and markets react?
From the Telegraph article:
All seems a bit dramatic, but with the economy still fragile, yet assets at all time highs regardless, I doubt it would be painless.....Here is the important question for the markets, however, and one no one is thinking about yet: what if it is true? It would be the biggest shock to the global economy in decades. Why? Because governments would surely have no choice but to retaliate with sanctions and demands for full-scale reparations.
Chinese goods might suddenly be locked out of the global market, creating shortages and sparking a vicious cycle of inflation. Global trade would collapse. And the financial markets would crash as Chinese money was pulled out.....