SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Estimated Useful Lives

Depreciation is provided on a straight-line basis, less estimated residual value, over an asset’s estimated useful life. The estimated useful lives used in connection with the preparation of the financial statements are as follows:

	Estimated
	Useful Life
Buildings	30 years
Plant and machinery	15 years
Motor vehicles	10 years
Office furniture and electronic equipment	5 – 10 years

Currency Exchange Rates

The exchange rate as of September 30, 2015, December 31, 2014 and September 30, 2014 are as follows:

	September 30,		December 31,		September 30,
	2015		2014		2014
Balance sheet items, except for share capital, additional paid in capital and retained earnings, as of the period ended	US$	1=RMB 6.3538	US$	1=RMB 6.1460	US$	1=RMB 6.1547
Amounts included in the statements of operations and cash flows for the period	US$	1=RMB 6.1606	US$	1=RMB 6.1457	US$	1=RMB 6.1480