Import in China had the first non-holiday decline since 2009 amidst nations slow down and curbed internal demand. On the other hand, export has risen by less than 3 percent for second month in a row and these conditions have left the country with trade surplus of $26.7 billion.

Sun Junwei, China economist for HSBC Holdings PLC in Beijing opined “Weak export growth may hurt employment in manufacturing industries, and that will be a reason for the government to do more in helping growth.” With the trade data, Shanghai Composite Index of Stocks rose by 0.2 percent.

Chen Deming, China’s Commerce Minister has vowed to announce specific measures to support and stabilize foreign trade in the coming days and said that the trade data on Fourth Quarter to be better than that of Third. Regarding production data, the statistics bureau declared that production have increased by 8.9 percent in August compared to a year earlier and fixed assets investment growth in the first eight month has eased to 20.2 percent. Similarly, CPI in china accelerated to 2 percent from a year before and PPI has fallen by 3.5 percent in the month of August.

With falling exports in other neighboring nations (South Korea, Malaysia and India) as well, it is a high time for Asia pacific to come up with some joint or sole stimulus measures to strengthen the regional trade position and come back on the track as quick as possible avoiding the region’s economic downturn.