China's Premier Li Qiang has no plans to meet with the Japanese prime minister on the sidelines of the upcoming G20 summit in South Africa, the Chinese foreign ministry said on Monday, as tensions over Taiwan deepen.

China threatens economic action over Japan’s Taiwan stance, raising fears of trade disruption, tourism losses, and diplomatic strain.

Amid the brewing diplomatic feud between Japan and China, Beijing on Sunday sent Coast Guard ships to patrol near islands claimed by both nations.

Japanese tourism-related shares plunged on Monday after China warned its citizens against travel to its North Asian neighbour following a widening diplomatic rift over Taiwan.

Both countries have summoned each other’s ambassadors after Prime Minister Sanae Takaichi said a Chinese attack on Taiwan could draw a military response from Tokyo.

Japan is set to send a senior diplomat to China in a bid to soothe tensions, public broadcaster NHK reported Monday, after China ratcheted up its response to Japanese Prime Minister Sanae Takaichi’s comments over Taiwan.

Japan's tourism-related stocks fell amid worsening diplomatic standoff between the two nations after Beijing issued a travel and study advisory.