China has warned of severe economic retaliation against Japan if it further restricts sales and servicing of chipmaking equipment to Chinese firms, Bloomberg News reported on Monday, citing people familiar with the matter.

Toyota Motor privately told Japanese officials that Beijing could react to the curbs by cutting Japan’s access to minerals required for automotive production, the report said.

Several Chinese officials had repeatedly outlined the position with their Japanese counterparts in recent meetings, the report added.

China’s foreign ministry said the country has always been firmly opposed to the “artificial disruption” of global production and supply chain stability, the politicisation of normal economic and trade cooperation, and scientific and technological blockades against China.

“China has always been committed to maintaining the safety and stability of the global production and supply chain, and has always implemented fair, reasonable and non-discriminatory export control measures,” spokeperson Mao Ning said, when asked for a comment at a regular news briefing.

Toyota did not immediately respond to Reuters’ requests for comment. Japan began restricting exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a US push to curb China’s ability to make advanced chips in July.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Parliament’s place
Updated 17 Sep, 2024

Parliament’s place

Efforts to restore parliament’s sanctity must rise above all political differences and legislative activities must be open to scrutiny and debate.
Afghan policy flux
Updated 18 Sep, 2024

Afghan policy flux

A fresh approach is needed, where Pakistan’s security is prioritised and decision taken to improve ties. Afghan Taliban also need to respond in kind.
HIV/AIDS outbreak
17 Sep, 2024

HIV/AIDS outbreak

MULTIPLE factors — the government’s inability to put its people first, a rickety health infrastructure, and...
Political drama
Updated 16 Sep, 2024

Political drama

Govt must revisit its plans to bring constitutional amendments and ensure any proposed changes to judiciary are subjected to thorough debate.
Complete impunity
16 Sep, 2024

Complete impunity

ZERO per cent. That is the conviction rate in crimes against women and children in Sindh, according to data shared...
Melting glaciers
16 Sep, 2024

Melting glaciers

ACCELERATED glacial melt in the Indus river basin, as highlighted recently by the National Disaster Management...