Sharp jump in China trade surplus

China has introduced measures to cool exports China's trade surplus soared 22.7% in January as the economy continued to boom despite efforts to cool the rate of growth, official figures have shown.

The surplus - the gap between what China exports and what it imports - grew to $22.7bn (£11.5bn) last month, compared with $15.9bn a year earlier.

China's exports in January increased 26.7% to $109.7bn, the biggest year-on-year rise in six months.

Imports rose 27.6% to $90.2bn, the biggest increase in almost two years.

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This is very significant, because china is the world's fastest growing economy, now with inflation hitting China at a record rate, it is unclear what china will do to cool the economy with the olympics coming up, but i will fallow up on this one

Chinese Economy Boom

China growth reaches 13-year high

Building and infrastructure projects are fuelling economic growthThe Chinese economy has expanded by 11.4% over the past year, reaching its fastest growth rate in 13 years, officials have announced.

Increased exports and a boom in the construction industry helped the rapid expansion during 2007.

But officials warned that overheating remained a danger, despite a slight slow-down in the fourth quarter.

Inflation is also a serious concern, with many Chinese people hit by recent dramatic increases in food prices.

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The Chinese economy has boomed over 11 percent, hitting a high for the last 13 years. It is yet to be determined if China has passed Germany as the 3rd largest economy, however, inflation is still a problem. So watch out America, because the infection of cheap Chinese goods will probably become worse. And so will your company.

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