China is rejoicing yet again, with official figures revealing that the country's exports managed to climb by 46% during the month of February. Not only has this been a good news for China, but the whole world, as the rise signifies a strong recovery in global trade after the deep slump which had been a result of the global financial crisis.

It was not only the exports which rose, even the imports managed to record a gain of 44.7% over the month. Even more reasons to celebrate, we say. For all those wondering what resulted in the huge jump, the imports, it seems, were greatly helped by all the stimulus measures that the Government had put into place. Exports, on the other hand, were most probably a result of the effects of the recession wearing off and the demand all across to world starting to rise again.

China was one of the prominent Asian countries which had not been affected much by the recession. In fact, while most of the world was suffering, the country's economy seemed to have been growing. Last year, China's automobiles market overtook the American market to become the largest in the world.

All segments of the Chinese economy, it seems, are doing real well, which has led to the country recording strong growths over consecutive quarters.

There is one development which might just happen with the Chinese economy's rapid growth, and it will definitely make US very happy. For a period of 18 long months, China had kept the Yuan at the same level against the US Dollar, in order to keep its exports going. This seemed to have angered America, which felt that the Chinese Government should fairly value its currency. Now, with the economy growing, China might just start to revalue the Yuan.

So in addition to China, and the countries which exports to the nation, US might find a reason to celebrate as well.