After years of cultivation, ASEAN is now one of the most highlighted emerging markets in the world. Charles Li, Associate Professor at the City University of Hong Kong, told the Asia Pacific Daily that ever since the transformation from a political unity to an economic organization, ASEAN's economy has been flying high, thanks to its close relationship with China and the developed world.
Japan External Trade Organization ( JETRO) released a report Tuesday saying that Japan's total trade with China dropped 3.3 percent to 333.664 billion U.S. dollars in 2012.
The Finance Ministry said, the overall exports fell 6.5 percent to 5,150 billion yen from the previous year, for the fifth straight month of decline.