China announced (March 18) the following measures, effective immediately:

First, in response to the US designation of five Chinese media agencies as "foreign missions", China demands, in the spirit of reciprocity, that the China-based branches of Voice of America, the New York Times, the Wall Street Journal, the Washington Post and Time declare in written form information about their staff, finance, operation and real estate in China.
Second, in response to the US slashing the staff size of Chinese media outlets in the US, which is expulsion in all but name, China demands that journalists of US citizenship working with the New York Times, the Wall Street Journal and the Washington Post whose press credentials are due to expire before the end of 2020 notify the Department of Information of the Ministry of Foreign Affairs within four calendar days starting from today and hand back their press cards within ten calendar days. They will not be allowed to continue working as journalists in the People's Republic of China, including its Hong Kong and Macao Special Administrative Regions.
Third, in response to the discriminatory restrictions the US has imposed on Chinese journalists with regard to visa, administrative review and reporting, China will take reciprocal measures against American journalists.
The above-mentioned measures are entirely necessary and reciprocal countermeasures that China is compelled to take in response to the unreasonable oppression the Chinese media organizations experience in the US. They are legitimate and justified self-defense in every sense. What the US has done is exclusively targeting Chinese media organizations, and hence driven by a Cold War mentality and ideological bias.