The status quo has certainly changed but I do not see China put out the ultimatum at this time. There is too much at stake on China's rise and it simply cannot afford a significant distraction at this time, not when Taiwan is not going anywhere and there is time to settle at much lower cost in the future.
Most people characterize this as a lose for China at the moment, but in past crisis China has always took advantage of the situation and always gets something out of it.
Losers find ways to excuse and explain their loss while winners just win. Don't flap your gums if you can't or even afraid to back it up.
The worst China could have done when they learned of this news was treat it as a nothing burger. Just expressed that they don't have a problem of Pelosi visiting their territory for as long as she's not there to advocate for a SEPARATIST (don't use INDEPENDENCE BECAUSE IT EVOKES THE YEARNING TO BE "FREE" which illicit positive feedback from even the most neutral sheeps in the world). Re-affirm with confidence and without equivocation that there's only but ONE CHINA, AND THAT TAIWAN IS PART OF CHINA. Then the ministry spokesperson can remind the media, especially foreigners to the text of all the 4 Communiques that America signed with China. Then say that as we can all see, it's the Americans who doesn't seem to or unwilling to abide by the rules based order that they love to talk about. They love to talk about sovereignty for others but wants China to violate China's sovereignty whenever it suits their political needs....then affirm what China's government goals for its people which is peace, prosperity, protection of its culture, sovereignty, and the restoration of its country under one single banner.
Instead, what we usually get and hear from the foreign ministry is this talk of China being a victim this or China means no harm bla bla...like holy snitzel dude, you're a power, act like one, talk like one. Don't shy on being tagged as being a wolf warrior, instead freaking embrace it.
China's media outreach is weak because it lacks conviction, confidence, and determination to spread China's success story under the leadership of the CPC. Why shy from the truth? The west loves to use Deng to beat up on Xi's image when it was Deng who crushed the hanjians, and liberalnazis at Tiananmen Square in 1989, last time I checked he was a commie, who fought against the Japanese and fought in the Civil War against the right wing KMT with Mao Zedong.