China Warns Japan of Economic Retaliation Over Chipmaking Equipment Sales

China cautions Japan about severe economic retaliation if it continues to restrict chipmaking equipment sales to Chinese firms. Toyota Motor has also warned Japanese officials about potential cuts to mineral access for automotive production. China remains committed to maintaining global production and supply chain stability.

China has issued a stern warning to Japan, indicating severe economic consequences if Tokyo pursues further restrictions on the sale and servicing of chipmaking equipment to Chinese companies. The information, reported by Bloomberg News, comes from sources familiar with the ongoing discussions.

Toyota Motor Corporation has also communicated privately with Japanese officials, expressing concerns that Beijing may retaliate by cutting Japan's access to essential minerals used in automotive production. This cautionary note mirrors recent statements made by several Chinese officials during meetings with their Japanese counterparts.

China's foreign ministry reiterated the country's firm opposition to any 'artificial disruption' of the global production and supply chain, stressing its commitment to fair and non-discriminatory trade practices. In alignment with U.S. efforts to curb China's advanced chip manufacturing, Japan recently began restricting exports of 23 types of semiconductor manufacturing equipment.

(With inputs from agencies.)