Here's How China Can Retaliate Against Trump

President-elect Donald Trump's harsh trade rhetoric against China will likely result in retaliatory action from the Asian giant. But what exactly can China's government do?

According to a Bloomberg report, there are several options at China's disposal. For instance, the Chinese government could subject large U.S. companies or those with high exposure to China to a tax or an antitrust probe.

Bloomberg highlighted a sample of companies with high revenue exposure to the Chinese market, including Wynn Resorts, Limited WYNN at 60 percent, QUALCOMM, Inc. QCOM at 57 percent, Micron Technology, Inc. MU at 43 percent and Apple Inc. AAPL at 22 percent.

Other options the Chinese government could explore and implement include the launch of anti-dumping investigations along with a reduction in government purchases of products made by American companies.

Bloomberg, citing "people familiar with the matter" noted that China's government has already compiled a list of retaliatory actions. However, it will only become official government policy if the Trump administration acts first and the most senior leaders within China's government sign off on the plans.

For the time being, China believes diplomacy will prevail.

Speaking to Bloomberg, China's Vice Minister of Commerce Wang Shouwen said U.S. and China relations have helped employ many people in both countries and generated tremendous wealth for individuals and businesses.

"I believe win-win economic ties between the two nations will keep moving forward," Wang said. "No one wants a lose-lose scenario, and no one will want to harm the win-win ties. I'm still optimistic about future China-U.S. economic relations."