According to Global Times editor, Hu Xijin
The tweet reads:
Based on what I know, China will take major retaliative measures against the US placing Huawei and other Chinese companies on Entity List. This move indicates Beijing will not wait passively and more countermeasures will follow.
There’s been plenty of talk so far about China responding in due kind against the US but those countermeasures have yet to really be firmed up or officially announced as of yet. But even so, such rhetoric won’t do markets any good and will continue to cause nervousness and jitters like what we’re seeing today.