That may be their intent but in reality, biding thier time is the worst strategy against China because backing off only gives China more energy to invest in growth rather than conflict and really everything stems from China outgrowing the West. Today, their problem may be economic dependence on and technological competition with China. But many tomorrows later, after they bide their time to remove economic dependence, their new problems will be total eclipse by Chinese technological dominance, severely eroded Western global influence and perhaps the rise of certain global south countries buoyed by cooperation with China to challenge the Western powers that once colonized and oppressed them.