This is such incredibly wishful thinking… Have you looked at the economic projections for this year and the next? Or at opinion polls in developing nations?
China is the only major economy expected to grow this year, with all its major rivals economies expected to crash. Chinese companies are still dominating the markets of countries supposedly implementing protectionist measures. For example chinese mobile phone companies dominated the indian market in Q2 of 2020
Tencent just became the largest social media company in the world by market cap, and this comes shortly after Alibaba also overtook Facebook
What do you think will happen in the countries that actually handled the covid crisis well when news-headlines tell them how Americans are responsible for new outbreaks in their country due to the US government just completely dropping the ball? China might have caused this crisis, but the US lost such an incredible amount of trust and prestige, the consequences of which are still unfathomable at the moment.
China doesn’t retaliate harshly because it has no benefit in escalation. The Anglosphere is destroying itself, and more and more countries are starting to look to distance themselves.