Pakistan, Sept. 16 -- While US President Donald Trump, in his frustration still calls the coronavirus the China virus because it originated there, China is pressing ahead not only with regaining its pre-coronavirus status as the workshop of the world and has ramped up its exports, but it is also leading the race for developing a vaccine for Covid-19. It turns out that vaccines developed by China, of which at least four are in the final stage of clinical trial, might be ready for public use as early as November. Now we are likely to experience yet another phenomenon that will drive the White House to frustration.

So far international financial markets have defied all the gloom and doom that has descended upon the real global economy, whic...