Nothing seems more clear, permanent and transparent in terms of the geopolitical and geoeconomic interplay of power dynamics as this world faces today. Global Media is honeycombed with stories, analyses, forecasts and conspiracy theories amid the growing and scowling daggers posed to us via this evil pandemic -Covid-19. Truly, every global event has a cause and effect’ relation and so the Corona contagion. The economic system of Global South seems under the harrow. Will the Covid-19 be a global game-changer? Needless to say, a human mind feels reasonably alarmed by this prescience theory which argues that in October last year, The John Hopkins Centre for Health Security (USA) conducted a simulation entitled nCOV-2019- (sponsored by B & M Gates Foundation) was undertaken almost 2 months prior to the outbreak of COVID-19 in China ( interestingly, at a time., the US Army’s group was participating in the international Military World Games held in Wuhan. Beijing has already suggested that coronavirus was transported to China via the US military and China virtually argued that Washington has something to hide. “It who brought the epidemic to Wuhan. Be transparent!” tweeted Zhao Lijian, the foreign ministry spokesman. “Make public your data! The US owes us an explanation!” The explanation that has come from the John Hopkins Centre says that the Center for Health Security and partners did not make a prediction during our tabletop exercise. For the scenario, we modelled a fictional coronavirus pandemic. Whereas, the US Senator Tom Cotton has made unsubstantiated claims that the virus might have originated in a Chinese lab or as a bioweapon. Anyway, by now that the situation in China appears to have stabilized, the country is positioning itself at the head of the global response to Covid-19, adopting a unique leadership position that may alter global power relations, despite the biggest shock to its industrial output and economy in recent history and its cover-up in Wuhan at the beginning of the crisis. Yet not surprisingly, Western Europe and the U.S. are struggling under the weight of the crisis, with cases rising exponentially every day and higher death rates in both Spain and Italy than anywhere else. Last year, Italy signed a Memorandum of Understanding with China on participation in China’s Belt and Road Initiative. Italy was the first and so far the only G-7 country to do so. As for China’s support for the EU, China has sent a large supply of masks, gloves, ventilators, and medical experts to help Italy, Spain, France, Greece, the Czech Republic, and other countries of Europe to help them deal with the Coronavirus outbreak. As European nations struggle to contain the spread of the deadly novel coronavirus (COVID-19), Beijing is emerging as an eager partner to provide needed aid. As of now, European countries have some of the largest numbers of coronavirus cases in the world. Today, Europe is also witnessing some of the highest fatality rates, as more than 5000 people in Spain, 11000 in Italy and 3,500 in France have died from the disease. The European analysts and their transatlantic partners seem to have been reacting to China’s growing coronavirus outreach in Europe and the implications for Chinese-EU relations. Many in the West feel highly admired with the changing geopolitical-cum-geoeconomic dynamics where Covid-19 is emerging as a geostrategic challenge to America’s power and influence in the global affairs. And yet, without realsing the expanding global impact of the virus, it appears that the shock will drastically amplify several existing economic, technological, and security trends– already facing the currents and cross-currents of the Coronavirus. That said, gone are the days of globalisation and European integration. Factually, globalization of trade has dominated the conduct of international relations in recent years, albeit remarkably at a slower pace clearly endorsed by the growing ‘Great Power’ competition. And fortunately, China seems to have been gaining the benefits of its soft power investment in the international system through the UN in recent years. China is creating a dominant space for Asia in world affairs. Despite the ongoing bio-war theory, the post-truth –revealed by two mega-events, firstly, the post /9/11 world and secondly, the ongoing Covid-19 –is reflective of the fact that the 9/11 was a great geopolitical design of the US to dominate the Muslim world; whereas the current episode of the Covid-19 is seemingly Washington’s great design to halt the growing and rising influence of Beijing in global affairs. The prevailing situation in the advanced economies seems much benign as compared to what developing countries are facing, not merely in terms of the disease burden, but also in terms of the economic devastation And arguably, the international financial crisis and the recession that seems to follow us in the post-Covid-19 phase, have made it clear the need to rethink about the upcoming challenges and our response via global economic governance. International institutions (Bretton Woods’ system) have entered a phase of weakening, owing to the institutional policy polarization of the US and partly to the rising discord among major powers. Seemingly, the WHO gives the sense that it is echoing a Chinese line on the fight against the Corona contagion. Undeniably, the ambivalent and devastating socio-economic impact of the current Corona crisis advocates that the international community launched a debate on what the limits of economic liberalisation should be especially, how to pre-empt the risks of openness through adequate regulation and what institutional mechanisms are demanded to improve international economic cooperation. The most common observation growing day-by-day– in the management of Covid-19– is ostensibly much more in line with the drivers of global governance today. What rightly alarms the international community, particularly the Global South is the fact that no pandemic or plague or natural calamity has had ever halted the drivers of urban life or the main cities’ activities globally, not the Black Plagues of the 14th century or London’s cholera epidemic in the 1850s, nor even 1918’s Spanish Flu, which killed tens of millions of people worldwide. And above all, the UNCTAD foresees the current economic uncertainty and immobility is likely to cost the global economy $1 trillion in 2020. As scowling and horrific as this sounds, the prevailing situation in the advanced economies seems much benign as compared to what developing countries are facing, not merely in terms of the disease burden, but also in terms of the economic devastation. Whether the Coronavirus is a man-manufactured tragedy or the divine pandemic .the need for growing harmony among nations is inevitable. Justifiably, Economists and the health experts have asked the G20 leaders– to provide trillions of dollars to poorer states to revamp their ailing healthcare systems and economies-or they may face a disaster that will rebound on wealthier states through migration and health crises. Pakistan has righted asked the IMF to release an emergency financing for Covid-19. The writer is an independent ‘IR’ researcher and international law analyst based in Pakistan