Commerce Ministry Spokesman Gao Feng said China, eager to restore its trading ability, will continue to optimize its range of products and approach to the global market through new trade routes and regional cooperation arrangements.

The country has reached 15 free trade agreements or FTAs with 23 countries and regions. It also launched feasibility studies on FTAs with Canada and is willing to conduct another one with Mexico to boost trade with the North American economies.

China and the Maldives also concluded FTA negotiations last month.

"It has been a year since the global trade recovered and it has passed its peak moment. From the export data for August, the growth speed from countries including South Korea and Vietnam has slowed down, indicating the heat of trade recovery is retreating," said Gai Xinzhe, an economist with Bank of China.

"We need to keep a close eye on the economic recovery in Europe and the United States. The appreciation of the renminbi will also have a certain effect on exports, but not too big, because the appreciation in the Chinese currency this time is mainly due to the devaluation of the US dollar," said Gai.

Zhang Yongjun, a researcher at the China Center for International Economic Exchanges in Beijing, said seasonal typhoons also played a role in the slower export growth rate.

For instance, the typhoon in August has had a negative impact on the loading process at ports in both the Pearl River Delta and the Yangtze River Delta regions.

"The import scene remains promising as the demand and price of big commodities have been rising. It also showed the recovery in the domestic market has stayed steady, and a 10 percent growth is expected by the end of this year," said Zhang.

Despite some negative factors, there is still a strong push for exports as Europe, the US and Japan have seen their economy picking up. It is highly likely to achieve an 8 percent growth in exports by the end of this year, experts said.

"China is no longer betting on exports to drive up the economy, cultivating new growth points in technology upgrades, stimulation to domestic consumption and adequate investments in fast-growing sectors in global investment destinations－they have all become indispensable parts for the country to boost its economy," said Wang Huiyao, president of the Center for China and Globalization.

Simultaneously, China is stimulating growth by focusing on supply-side reform. Its efforts in this endeavor can be of great benefit for countries worldwide that are striving to get their sluggish economies back on track.

The reform is aimed at cutting low-end industrial capacity while increasing high-tech production and cultivating new market growth points.

Wang said the services sector has become an important driver of China's economic growth and has great significance for the next step in economic restructuring.

Toward this end, China and Brazil signed a memorandum of understanding in August to diversify services trade to upgrade their commerce structure from commodity and goods exchanges.

Services trade refers to the sale and delivery of an intangible product, such as tourism, financial services and telecommunications services.

Eager to enhance their earning ability in the Chinese mainland, US companies are adopting new strategies. For instance, US-based coffee chain Starbucks Corp plans to open 500 stores this year in China, its largest overseas market, and aims to create 10,000 jobs a year until 2019.

Uber Technologies Inc, the ride-hailing company based in the US, has also committed to invest $1 billion in China to diversify its business, which ranges from transportation services to automotive financing.