By WANG KEJU in Beijing and MA SI in Haikou |
chinadaily.com.cn |
As China-Japan relations remain strained over Japanese Prime Minister Sanae Takaichi's erroneous remarks on Taiwan and her administration's accelerated military buildup, Japan's economy is increasingly feeling the pinch, with critical mineral exports from China plunging, supply chains buckling under pressure and billions in potential GDP losses looming, experts said.
What is truly pushing Japanese businesses into difficulty is not China's lawful measures to safeguard national security, but the systemic risks spawned by Japan's own misguided security trajectory, they added.
According to the General Administration of Customs, China's exports of rare earth magnets to Japan plummeted 34.6 percent to 123 metric tons in May compared with April, while monthly shipments have remained below 200 metric tons for three consecutive months.
