Bought a WordPress Site. Database Import Problems

SO I just bought an established wordpress blog. I am trying to transfer it to my host.
I created a new database on my host and a new user for that database
I changed the user name and the database name and the database password in the wp_config.php file and uploaded all the wordpress files to my host under a new directory, so now I have all the wordpress files for my new blog in a fresh new directory.

Then I went into phpmyadmin to upload the sql database file provided by the person who i bought the site from.

Because I had made a new database, I had no pre-existing tables in there, so I went ahead with the import and I get the following error message –

Error

SQL query:

INSERT INTO wp_options (option_id, blog_id, option_name, option_value, autoload) VALUES (4207, 0, ‘_transient_feed_ba689deb49370c4081cd11c8a4bac1ba’, ‘a:4:{s:5:”child”;a:1:{s:0:””;a:1:{s:3:”rss”;a:1:{i:0;a:6:{s:4:”data”;s:3:”\n \n”;s:7:”attribs”;a:1:{s:0:””;a:1:{s:7:”version”;s:3:”2.0″;}}s:8:”xml_base”;s:0:””;s:17:”xml_base_explicit”;b:0;s:8:”xml_lang”;s:0:””;s:5:”child”;a:1:{s:0:””;a:1:{s:7:”channel”;a:1:{i:0;a:6:{s:4:”data”;s:117:”\n \n \n \n \n \n \n \n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n “;s:7:”attribs”;a:0:{}s:8:”xml_base”;s:0:””;s:17:”xml_base_explicit”;b:0;s:8:”xml_lang”;s:0:””;s:5:”child”;a:2:{s:0:””;a:7:{s:5:”title”;a:1:{i:0;a:5:{s:4:”data”;s:54:”WordPress › Support » Tag: lightword – Recent Posts”;s:7:”attribs”;a:0:{}s:8:”xml_base”;s:0:””;s:17:”xml_base_explicit”;b:0;s:8:”xml_lang”;s:0:””;}}s:4:”link”;a:1:{i:0;a:5:{s:4:”data”;s:35:”http://ww.wp.xz.cn/tags/lightwo%5B…%5D

MySQL said: Documentation
#1064 – You have an error in your SQL syntax; check the manual that corresponds to your MySQL server version for the right syntax to use near ‘This link will take you to the URL http://validator.w3.org/check?verbose=1%26%23’ at line 2

Any help with this would be appreciated. I know nothing about SQL at all.

Thanks