KEY POINTS
- China’s delayed reaction to the coronavirus outbreak appears to be “sowing real concerns among the Chinese people,” Raymond James said in a note to clients Monday.
- The firm said the lack of a swift governmental response is stoking comparisons to the Chernobyl nuclear disaster in 1986.
- “If this virus becomes a true global pandemic, the actions by the Chinese leadership will come under great fire as they no doubt contributed to the spread,” the firm said.
- Raymond James said that following conversations with government officials and academics, it believes the “worst is yet to come” and that the “market is underappreciating the potential dangers…”
As the coronavirus outbreak rages on, Raymond James said China’s delayed response is inciting comparisons to the Soviet Union’s response to the Chernobyl nuclear disaster, and that things could get worse in terms of economic and market impact.
China’s “slow…
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Exposing the Big Game 