President Biden has quickly caught up with the former President in deciding China is the new bogeyman, as Nick Drew wrote so eloquently last week.
The big issue raised is what does the world do if China is found, either through malice or incompetence, to have released Covid-19 on the rest of us?
One idea might be to hit them where it hurts. The Chinese take much pleasure in selling the West goods and lending us the money to buy, all created out of the hidden Central Bank of China. No one really knows if the Chinese accounts all add up - for China, as Communists, what so they care, the Capitalist system was there to be used against it.
But since they have adopted State Capitalism in China, we could en masse potentially exploit this position. If China refused reparations, the West and indeed practically every Country in the world could cancel bonds to the tune of the reparations demanded.
Normally, this wholesale abuse of the rules would be heavily punished by the markets, but if all Countries did it, investors might well believe this was a one off - plus in this scenario China is guilty and refusing any other punishments under international law or protocols.
Hitting China's debt would be a doubly beneficial punishment, it would reduce the Chinese appetite for lending at crazy rates around the world to further political ends. it would help the rest of the world cope with the debts of the covid crisis, meanwhile hitting the founder of it and causing them the pain which they had inflicted economically.
I know the Governments are busy working up their ideas for retaliation, I wonder if this might be one.