EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Yankuan Li, certify that:

1.  I have reviewed this quarterly report on Form 10-Q of China Teletech Holding, Inc.;

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;

4.  The small business issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:

(a)  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)  Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)  Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and

5.  The small business issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):

(a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and

(b)  Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.

Date:  November 14, 2012	By:	/s/ Yankuan Li
		Yankuan Li President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Kwok Ming Wai Andrew, certify that:

1.  I have reviewed this quarterly report on Form 10-Q of China Teletech Holding, Inc.;

2.  Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.  Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;

4.  The small business issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:

(a)  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)  Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)  Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and

5.  The small business issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):

(a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and

(b)  Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.

Date:  November 14, 2012	By:	/s/ Kwok Ming Wai Andrew
		Kwok Ming Wai Andrew Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of China Teletech Holding, Inc. (the "Company") on Form 10-Q for the period ended June 30, 2012 (the "Report"), I, Yankuan Li, President and Chief Executive Officer of the Company, do hereby certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

(1) the Report fully complies with the requirements of §13(a) or 15(d) of the Securities Exchange Act of 1934, 15 U.S.C. §78m or 78o(d), and,

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:  November 14, 2012	By:	/s/ Yankuan Li
		Yankuan Li President and Chief Executive Officer

EX-32.2

EXHIBIT 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of China Teletech Holding, Inc. (the "Company") on Form 10-Q for the period ended June 30, 2012 (the "Report"), I, Kwok Ming Wai Andrew, Chief Financial Officer of the Company, do hereby certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

(1) the Report fully complies with the requirements of §13(a) or 15(d) of the Securities Exchange Act of 1934, 15 U.S.C. §78m or 78o(d), and,

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:  November 14, 2012	By:	/s/ Kwok Ming Wai Andrew
		Kwok Ming Wai Andrew Chief Financial Officer

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Convertible Debenture Classification (Details) (USD $)	Sep. 30, 2012		Dec. 31, 2011		Dec. 31, 2010
Convertible Debenture Classification Details
Current portion	$ 0	[1]	$ 2,866,323	[1]
Non - current Portion	1,300,000		0	[1]
Total	$ 1,300,000		$ 2,866,323		$ 2,866,323

[1] Note 8

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Due From/To Related Parties (Details) (USD $)	Sep. 30, 2012		Dec. 31, 2011
Due Fromto Related Parties Details
Due from related parties	$ 29,288	[1]	$ 904,846	[1]
Due to related parties	(334,949)	[1]	(30,000)	[1]
Net due from (due to)	$ (305,661)		$ 874,846

[1] Note 5

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Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

Major classifications of property and equipment

Property, plant, and equipment consist of the following as of September 30, 2012 and December 31, 2011:

	As of 9/30/2012		As of 12/31/2011
At cost
Motor Vehicles      Computer equipment	$	60,557 332	$	- -
Total	$	60,889	$	-
Less: Accumulated depreciation
Motor Vehicles      Computer equipment	$	(6,056) (22)	$	- -
	$	(6,078)	$	-
	$	54,811	$	-

The depreciation expenses were $ 6,078 and $Nil for the nine months and for the year ended September 30, 2012 and December 31, 2011, respectively.

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Convertible Bonds and Bond Warrants (Narrative) (Details) (USD $)	9 Months Ended
	Sep. 30, 2012
2007 Issue
Month and year of issue or amendment	2007-07-31
Debt amount originally issued	$ 2,000,000
Convertible senior notes, carrying value	2,285,714
Interest rate	8.00%
Shares covered by Warrants issuance	2,090,592
Warrants and Rights Outstanding	0
Conversion price of Debenture	0.82
2008 Issue
Month and year of issue or amendment	2008-01-01
Debt amount originally issued	1,000,000
Convertible senior notes, carrying value	1,142,857
Interest rate	8.00%
Conversion price of Debenture	0.82
2008 Amendment
Month and year of issue or amendment	2008-11-03
Convertible senior notes, carrying value	3,636,825
Interest rate	18.00%
Shares covered by Warrants issuance	156,097,534
2009 Amendment
Month and year of issue or amendment	2009-12-29
Convertible senior notes, carrying value	1,300,000
Interest rate	0.00%
Shares covered by Warrants issuance	0
Warrants and Rights Outstanding	0
Conversion price of Debenture	0.00
2011 Amendment
Month and year of issue or amendment	2011-11-28
Convertible senior notes, carrying value	1,300,000
Interest rate	0.00%
Shares covered by Warrants issuance	0
Warrants and Rights Outstanding	0
Conversion price of Debenture	0.10
Restricted shares surrendered	3,270,438
Company settlement payment to holders	$ 155,000

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Organization and Prinicipal Activities - Note 1

9 Months Ended

Sep. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Principal Activities [Text Block]

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

China Teletech Holding, Inc. (the "Company"), formerly known as Avalon Development Enterprise, Inc., was incorporated in the State of Florida, United States (an OTCBB Company) on March 29, 1999.

On March 27, 2007, the Company underwent a reverse-merger with Global Telecom Holdings Limited (GTHL, a British Virgin Islands (BVI) Company incorporated on April 1, 2004 under the British Virgin Islands International Business Companies Act (CAP. 291)) and its wholly-owned subsidiary Guangzhou Global Telecommunication Company Limited (GGT, established on December 4, 2004 in PRC with a registered and paid-up capital of RMB 3,030,000 (approximate $375,307)) involving an exchange of shares whereby the Company issued an aggregate of 39,817,500 shares of common stock in exchange for all of the issued and outstanding shares of GTHL. In connection with the reverse merger, the Company issued 200,000 shares of common stock to Zenith Capital Management LLC in April 2007 at a price of $2.50 per share.

Pursuant to a Stock Purchase Agreement dated July 29, 2008, the Company acquired 51% of the issued and outstanding shares in Guangzhou Renwoxing Telecom ("GRT"), a limited liability company incorporated in China. Pursuant to the terms of the Stock Purchase Agreements, the Shareholders agreed to sell and transfer the proportion of the shares to the Company for a purchase consideration of US$291,833.

On March 2, 2012, pursuant to a board of resolution passed during the special meeting of the Company, the name of the Company was changed from Guangzhou Global Telecom, Inc. to China Teletech Holding, Inc. On March 20, 2012, the name change was effective and approved by FINRA.

On March 30, 2012, the Company completed a share exchange transaction with China Teletech Limited, a British Virgin Islands corporation ("CTL"), by entering into a share exchange agreement (the "Agreement") with CTL and the former shareholders of CTL. Pursuant to the Agreement, the Company acquired all the outstanding capital stock of CTL from the former shareholders of CTL in exchange for the issuance of 40,000,000 shares of our common stock (the "Share Exchange"). The shares issued to the former shareholders of CTL constituted approximately 68.34% of the Company's issued and outstanding shares of common stock as of an immediately after the commutation of the Share Exchange. As a result of the Share Exchange, CTL became the Company's wholly owned subsidiary and Dong Liu and Yuan Zhao, the former shareholders of CTL, became our principal shareholders.

In connection with the share exchange agreement, Yankuan Li resigned as the Company's Chairman of the Board of Directors but remained as a member of the Board of Directors of the Company.  Dong Liu was appointed as the Company's Chairman of the Board of Directors, Yuan Zhao, Yau Kwong Lee and Kwok Ming Wai Andrew were appointed as the Company's members of the Board of Directors.

CTL was formed for the purpose of providing a group structure to enhance the viable capacity as discussed below of its two variable interest entities located in the People's Republic of China ("PRC"); namely, (a) Shenzhen Rongxin Investment Co., Ltd. ("Shenzhen Rongxin") and (b) Guangzhou Rongxin Science and Technology Limited ("Guangzhou Rongxin").

The Company, through its subsidiaries, is principally engaged in the distribution and trading of rechargeable phone cards, cellular phones and accessories within cities in PRC. Customers of the Company embrace wholesalers, retailers, and final users.

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Property, Plant, and Equipment Accounting Policies (Narrative) (Details) (Motor Vehicles)	9 Months Ended
	Sep. 30, 2012 Y
Motor Vehicles
Motor Vehicles, minimum useful lifie, years	3
Motor Vehicles and Computer Equipment, maximum useful lifie, years	5

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Consolidating Subsidiary Information (Details)	Sep. 30, 2012
Global Telecom Holdings, Ltd.
Place of Incorporation	BVI
Attributable Equity Interest, in percenrt	100.00%
Registered Capital	HKD 7,800
China Teletech Limited
Place of Incorporation	BVI
Attributable Equity Interest, in percenrt	100.00%
Registered Capital	USD 10
Guangzhou Renwoxing Telecom Co., Ltd.
Place of Incorporation	PRC
Attributable Equity Interest, in percenrt	51.00%
Registered Capital	RMB 3,010,000
Shenzhen Rongxin Investment Co., Ltd
Place of Incorporation	PRC
Attributable Equity Interest, in percenrt	100.00%
Registered Capital	RMB 10,000,000
Guangzhou Rongxin Science and Technology Limited
Place of Incorporation	PRC
Attributable Equity Interest, in percenrt	100.00%
Registered Capital	HK 1,200,000

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Foreign Currency Translation Exchange Rates (Details)	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011
Foreign Currency Translation Exchange Rates Details
Year end RMB : US$ exchange rate	6.3340	6.3647	6.4018
Average year RMB : US$ exchange rate	6.3275	6.4735	6.5060
Year end HKD : US$ exchange rate	7.7549	7.7691	7.7934
Average year HKD : US$ exchange rate	7.7597	7.7851	7.7867

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Subsidiary Maximum Income Tax Rates (Details)	Sep. 30, 2012
GGT
Domicile Country	PRC
Income Tax Rate	25.00%
GRT
Domicile Country	RRC
Income Tax Rate	25.00%
Shenzhen Rongxin
Domicile Country	PRC
Income Tax Rate	25.00%
Guangzhou Rongxin
Domicile Country	PRC
Income Tax Rate	25.00%
GTHL
Domicile Country	British Virgin Islands
Income Tax Rate	0.00%
CTL
Domicile Country	British Virgin Islands
Income Tax Rate	0.00%

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Consolidated Statements of Cash Flows (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Cash flow from operating activities
Net (Loss) / income	$ 102,051	$ (46,756)	$ 2,671,621	$ 69,004
Non-controlling interest	10,440	19,389	47,390	62,998
Depreciation	3,038	2,651	6,078	8,913
Ordinary gain on bargain	0	0	(119,022)	0
Gain on disposal of a subsidiary	0	0	(1,371,596)	0
Gain on forgiveness of long term debt	0	0	(1,566,323)	0
Stock compensation	0	0	455,133	0
Gain on stock cancellation	(32,704)	0	(32,704)	0
Loss on disposal of property, plant and equipment	0	0	0	3,561
Decrease/(Increase) in other receivables	(2,309)	44,306	201,943	(6,537)
Decrease/(Increase) in amount due from a related party	(24,438)	22,899	234,161	(363,957)
Decrease/(Increase) in prepaid expenses	30,814	(50,042)	30,427	(50,042)
Decrease/(Increase) in purchase deposit	0	309,185	158,649	(22,915)
Decrease/(Increase) in inventories	(158,368)	(167,399)	401,502	451,532
Increase/(decrease) in tax payables	50,343	25,697	128,571	163,900
Increase/(decrease) in accrued liabilities and other payables	(28,734)	40,264	98,529	40,925
Net cash provided by/(used in) operating activities	(49,867)	200,194	1,344,359	357,382
Cash flows from investing activities
Purchase of property, plant and equipment	331	0	331	0
Net cash inflow from purchase of subsidiary - China Teletech Limited	0	0	1,783,812	0
Disposal of a subsidiary	0	0	569	0
Purchase for short-term investment	893	(4,359)	202,348	(226,130)
Payments for deposits	20	(15)	(15,955)	(1,562)
Net cash provided by/(used in) investing activities	1,244	(4,374)	1,971,105	(227,692)
Cash flows from financing activities
Net cash provided by financing activities	0	0	0	0
Net Increase/(Decrease) in Cash & Cash Equivalents	(48,623)	195,820	3,315,464	129,690
Effect of Currency Translation	(7,024)	30,775	(12,190)	55,919
Cash & Cash Equivalents at Beginning of Period	3,428,191	118,944	69,270	159,930
Cash & Cash Equivalents at End of Period	$ 3,372,544	$ 345,539	$ 3,372,544	$ 345,539

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Other Receivables (Details) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Type of Account
Trade financing to business associates	$ 2,309	$ 204,252
Allowance for bad debt	0	0
Other receivable, net	$ 2,309	$ 204,252

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Shareholders' Equity (Narrative) (Details) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Shareholders Equity Narrative Details
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	60,947,366	185,283,627
Common stock, shares outstanding	60,947,366	185,283,627
Value of stock to acquire China Teletech Limited (Shares)	0
Issuance of share-based compensation (Shares)	0	0

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Consolidated Balance Sheets (USD $)	Sep. 30, 2012		Dec. 31, 2011
Current Assets
Cash and Cash Equivalents	$ 3,372,544		$ 69,270
Short-term Investment	394,695		597,043
Other Receivables	2,309	[1]	204,252	[1]
Due from related parties	29,288	[2]	904,846	[2]
Purchase deposits	0		23,049
Prepaid expenses	99,397		0
Inventories	272,810		549,908
Total Current Assets	4,171,043		2,348,368
Non-Current Assets
Property, plant & equipment, net	54,811	[3]	0	[3]
Other non-current assets	87,099		71,145
Total Non-Current Assets	141,910		71,145
TOTAL ASSETS	4,312,953		2,419,513
Current Liabilities
Taxes payable	755,433	[4]	2,081,044	[4]
Due to related parties	334,949	[2]	30,000	[2]
Accrued liabilities and other payables	54,278		127,548
Convertible debenture - current portion	0	[5]	2,866,323	[5]
Total Current Liabilities	1,144,660		5,104,915
Non-Current Liabilities
Convertible debenture-non-current portion	1,300,000		0	[5]
Total Non-Current Liabilities	1,300,000		0
TOTAL LIABILITIES	2,444,660		5,104,915
STOCKHOLDERS' EQUITY
Common stock US$0.01 par value; 1,000,000,000 authorized, 60,947,366 and 185,283,627 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively	609,474	[6]	1,852,836	[6]
Additional Paid in capital	4,764,355		1,684,019
Other Comprehensive Income	29,941		32,231
Retained Earnings	(3,876,558)		(6,548,179)
Non-controlling Interest	341,081		293,691
TOTAL STOCKHOLDERS' EQUITY	1,868,293		(2,685,402)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 4,312,953		$ 2,419,513

[1] Note 4

[2] Note 5

[3] Note 6

[4] Note 7

[5] Note 8

[6] Note 9

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Consolidated Statements of Changes in Stockholders' Equity (USD $)	Common Stock	Additional Paid In Capital	Other Comprehensive Income	Retained Earnings	Noncontrolling Interest	Total
Beginning Balance at Dec. 31, 2010	$ 1,494,751	$ 1,409,399	$ 10,875	$ (6,138,894)	$ 321,483	$ (2,902,386)
Beginning Balance (Shares) at Dec. 31, 2010	149,475,127	0	0	0	0	0
Issuance of common stock	68,655	274,620	0	0	0	343,275
Issuance of common stock (Shares)	6,865,500	0	0	0	0	0
Issuance of share based compensation	289,430	0	0	0	0	289,430
Issuance of share based compensation (Shares)	28,943,000	0	0	0	0	0
Net Income/(Loss)	0	0	0	(409,285)	0	(409,285)
Dividends paid to non-controlling shareholders	0	0	0	0	(88,953)	(88,953)
Non-controlling Interest	0	0	0	0	61,161	61,161
Foreign Currency Translation	0	0	21,356	0	0	21,356
Balance at Dec. 31, 2011	1,852,836	1,684,019	32,231	(6,548,179)	293,691	(2,685,402)
Balance (Shares) at Dec. 31, 2011	185,283,627	0	0	0	0	0
Issuance of share based compensation	56,892	398,241	0	0	0	455,133
Issuance of share based compensation (Shares)	5,689,167					0
Reverse common stock split – 1 for 10	(1,667,550)	1,667,550	0	0	0	0
Reverse common stock split – 1 for 10 (Shares)	(166,754,990)	0	0	0	0	0
Value of stock to acquire China Teletech Limited	400,000	1,014,545	0	0	0	1,414,545
Value of stock to acquire China Teletech Limited (Shares)	40,000,000	0	0	0	0	0
Cancellation of shares issued	(32,704)					(32,074)
Cancellation of shares issued (Shares)	(3,270,438)
Net Income/(Loss)	0	0	0	2,671,621	0	2,671,621
Non-controlling Interest	0	0	0	0	47,390	47,390
Foreign Currency Translation	0	0	(2,290)	0	0	(2,290)
Balance at Sep. 30, 2012	$ 609,474	$ 4,764,355	$ 29,941	$ (3,876,558)	$ 341,081	$ 1,868,293
Balance (Shares) at Sep. 30, 2012	60,947,366

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Taxes Payable (Details) (USD $)	Sep. 30, 2012		Dec. 31, 2011
Taxes payable
Value added tax payable	$ 160		$ 1,221,499
Corporate income tax payable	721,883		826,033
Business tax payable	33,381		33,508
Others	9		4
Total	$ 755,433	[1]	$ 2,081,044	[1]

[1] Note 7

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SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2012

Text Block [Abstract]

Company Consolidating Subsidiaries

The company owned the following subsidiaries since the reserve-merger and soon thereafter. As of September 30, 2012, detailed identities of the consolidating subsidiaries are as follows:-

Name of Company	Place of Incorporation	Attributable Equity Interest %	Registered Capital
Global Telecom Holdings, Ltd.	BVI	100%	HKD 7,800
China Teletech Limited	BVI	100%	USD 10
Guangzhou Renwoxing Telecom Co., Ltd.	PRC	51%	RMB 3,010,000
Shenzhen Rongxin Investment Co., Ltd	PRC	100%	RMB 10,000,000
Guangzhou Rongxin Science and Technology Limited	PRC	100%	HK 1,200,000

Schedule of Foreign Currency Exchange Rates

Exchange Rates	9/30/2012	12/31/2011	9/30/2011
Year end RMB : US$ exchange rate	6.3340	6.3647	6.4018
Average year RMB : US$ exchange rate	6.3275	6.4735	6.5060
Year end HKD : US$ exchange rate	7.7549	7.7691	7.7934
Average year HKD : US$ exchange rate	7.7597	7.7851	7.7867

RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation.

Taxation of Company Subsidiaries Domiciled and Operated in China

Subsidiary	Country of Domicile	Income Tax Rate
GGT, GRT, Shenzhen Rongxin and Guangzhou Rongxin	PRC	25.0%
GTHL and CTL	British Virgin Islands	0.00%

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Commitments (Operating Leases) (Details) (USD $)	Sep. 30, 2012
Commitments Operating Leases Details
2012	$ 11,384
2013	22,768
Total	$ 34,152

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Due From/To Related Parties (Tables)

9 Months Ended

Sep. 30, 2012

Due Fromto Related Parties Tables

DUE FROM/TO RELATED PARTIES

The following table presents the balances the Company due to and from related parties.

		As of 9/30/2012		As of 12/31/2011
Due from related parties	$	29,288	$	904,846
Due to related parties		(334,949)		(30,000)
Net due from (due to)		(305,661)		874,846

Amounts owing to the Company's related parties are non-interest-bearing and payable on demand.

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Consolidated Statements of Changes in Stockholders' Equity (Parenthetical)	9 Months Ended
	Sep. 30, 2012
Statement of Stockholders' Equity [Abstract]
Reverse common stock split	1 for 10

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Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	60,947,366	185,283,627
Common stock, shares outstanding	60,947,366	185,283,627

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Shareholders' Equity - Note 9

9 Months Ended

Sep. 30, 2012

Common Stock Capital [Abstract]

Common Stock Capital [Text Block]

9. SHAREHOLDERS' EQUITY

Common stock

 The Company is authorized by its Memorandum of Association (i.e. equivalent to Articles of Incorporation) to issue a total of 1,000,000,000 shares at a par value of US$0.01 of which 60,947,366 and 185,283,627 shares have been issued and outstanding as of September 30, 2012 and December 31, 2011, respectively.

During the nine-month period ended September 30, 2012, the Company issued approximately 40,000,000 and 5,689,167 shares of common stock for the acquisition of CTL and stock compensation, respectively.

Common stock reserves split

On December 9, 2011, the Company's shareholders jointly agreed to a 10 to 1 reverse stock split (the "Reverse Split") on its issued and outstanding common stock, having a par value of $0.01 per share. On February 16, 2012, the Reverse Split was effective and approved by the Financial Industry Regulatory Authority (FINRA).

Cancellation of shares issued

On September 4, 2012, holders of its convertible debentures, warrants and restricted shares surrendered 3,270,438 restricted shares of the Company.

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Document and Entity Information	9 Months Ended
	Sep. 30, 2012	Nov. 14, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	China Teletech Holding Inc
Entity Central Index Key	0001346287
Amendment Flag	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		62,417,622

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Commitments - Note 10

9 Months Ended

Sep. 30, 2012

Leases [Abstract]

Lease Commitments [Text Block]

10. COMMITMENTS

Shenzhen Rongxin has operating leases for their premises expiring on December 31, 2013.

The minimum lease payments for the next four years are as follows:

2012	$	11,384
2013		22,768
Total	$	34,152

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Consolidated Statements of Income (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Income Statement [Abstract]
Sales	$ 8,562,535	$ 3,093,734	$ 19,641,115	$ 15,825,168
Cost of sales	8,289,881	3,024,554	19,003,427	15,400,929
Gross profit	272,654	69,180	637,688	424,239
Operating expenses
Administrative and general expenses	140,583	93,220	892,465	271,729
Total operating expense	140,583	93,220	892,465	271,729
(Loss) Income from Operations	132,071	(24,040)	(254,777)	152,510
Gain on forgiveness of long term debt	0	0	1,566,323	0
Gain on disposal of a subsidiary	0	0	1,371,596	0
Other income	32,704	297	152,027	46,159
Interest income	30	2	50	11
Other expenses	(175)	(23)	(791)	(3,600)
Interest expense	15	0	10	0
Income before taxation	164,645	(23,764)	2,834,438	195,080
Income tax	(52,154)	(3,603)	(115,427)	(63,078)
Net Income (Loss)	112,491	(27,367)	2,719,011	132,002
Foreign currency translation change	(6,833)	30,774	(2,290)	55,920
Comprehensive income	105,658	3,407	2,716,721	187,922
Net income attributable to non-controlling interest	10,440	19,389	47,390	62,998
Net Income (Loss) Attributable to the Company	$ 102,051	$ (46,756)	$ 2,671,621	$ 69,004
Earnings Per Share
Basic	$ 0.00	$ 0.00	$ 0.04	$ 0.00
Diluted	$ 0.00	$ 0.00	$ 0.04	$ 0.00
Weighted Average Shares Outstanding
-Basic (adjusted for 1 for 10 reverse stock split)	63,283,393	14,947,513	76,004,751	14,947,513
-Diluted (adjusted for 1 for 10 reverse stock split)	63,283,393	14,947,513	76,004,751	14,947,513

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Other Receivables - Note 4

9 Months Ended

Sep. 30, 2012

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

4. OTHER RECEIVABLES

Other receivables as of September 30, 2012 and December 31, 2011 pertained to the Company voluntarily extending financing to business associates for purchase of merchandise in return for 60% of gross profit in those transactions, in lieu of interest, as well as loans to third parties with no interest, security and specific terms of repayment.

	As of 9/30/2012		As of 12/31/2011
Type of Account
Trade financing to business associates	$	2,309	$	204,252
Allowance for bad debt		-		-
Other receivable, net	$	2,309	$	204,252

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Concentration - Note 3

9 Months Ended

Sep. 30, 2012

Risks and Uncertainties [Abstract]

Concentration Risk Disclosure [Text Block]

3. CONCENTRATION

A substantial portion of the Company and the Company's subsidiaries' business operations depend on mobile telecommunications in PRC; any loss or deterioration of such relationship may result in severe disruption to the business operations impacting the Company's revenue. The Company and the Company's subsidiaries rely entirely on the networks and gateways of these phone operators to provide its services. The Company and the Company's subsidiaries' agreements with these operators are generally for a short period of one year and generally do not have automatic renewal provision. If these providers are unwilling to continue business with the Company and the Company's subsidiaries, the Company and the Company's subsidiaries' ability to conduct its existing business would be adversely affected.

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Other Receivables (Tables)

9 Months Ended

Sep. 30, 2012

Other Receivables Tables

Other Receivables

Other receivables as of September 30, 2012 and December 31, 2011 pertained to the Company voluntarily extending financing to business associates for purchase of merchandise in return for 60% of gross profit in those transactions, in lieu of interest, as well as loans to third parties with no interest, security and specific terms of repayment.

	As of 9/30/2012		As of 12/31/2011
Type of Account
Trade financing to business associates	$	2,309	$	204,252
Allowance for bad debt		-		-
Other receivable, net	$	2,309	$	204,252

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Disposal of a Subsidiary - Note11

9 Months Ended

Sep. 30, 2012

Disposal Of Subsidiary - Note11

Disposal of a Subsidiary [Text Block]

11. DISPOSAL OF A SUBSIDIARY

On June 30, 2012, the Company's subsidiary, Global Telecom Holdings Limited, entered into an agreement with an independent third party to dispose of its wholly-owned subsidiary Guangzhou Global Telecommunication Company Limited for a cash consideration of US$644.

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Taxes Payable - Note 7

9 Months Ended

Sep. 30, 2012

Taxes Payable - Note 7

Taxes Payable

7. TAXES PAYABLE

Taxes payable consisted of the following as of September 30, 2012 and December 31, 2011:

	As of 9/30/2012		As of 12/31/2011
Value added tax payable Corporate income tax payable	$	160 721,883	$	1,221,499 826,033
Business tax payable		33,381		33,508
Others		9		4
	$	755,433	$	2,081,044

The Company has been collecting from its customers Value Added Tax (VAT), on behalf of the government. The Company was granted by the government to pay the balance dues under installments up to the end of 2008. The reason of this special arrangement is that the government may waive past due VAT after decision has been made in accordance with regulations for technology zone on tax-exemption matter. However, the Company has not received the approval notice from the government at December 31, 2011.

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Due from/to Related Parties - Note 5

9 Months Ended

Sep. 30, 2012

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

5. DUE FROM/TO RELATED PARTIES

The following table presents the balances the Company due to and from related parties.

		As of 9/30/2012		As of 12/31/2011
Due from related parties	$	29,288	$	904,846
Due to related parties		(334,949)		(30,000)
Net due from (due to)		(305,661)		874,846

Amounts owing to the Company's related parties are non-interest-bearing and payable on demand.

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Property, Plant, and Equipment - Note 6

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6. PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment consist of the following as of September 30, 2012 and December 31, 2011:

	As of 9/30/2012		As of 12/31/2011
At cost
Motor Vehicles      Computer equipment	$	60,557 332	$	- -
Total	$	60,889	$	-
Less: Accumulated depreciation
Motor Vehicles      Computer equipment	$	(6,056) (22)	$	- -
	$	(6,078)	$	-
	$	54,811	$	-

The depreciation expenses were $ 6,078 and $Nil for the nine months and for the year ended September 30, 2012 and December 31, 2011, respectively.

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Convertible Bonds and Bond Warrants - Note 8

9 Months Ended

Sep. 30, 2012

Convertible Bonds and Bond Warrants [Abstract]

Convertible Bonds and Bond Warrants [Text Block]

8. CONVERTIBLE BONDS AND BOND WARRANTS

On July 31, 2007 and January 1, 2008, the Company completed two financing transactions with several investors (the "Subscriber") issuing $2,000,000 and $1,000,000, respectively, Fixed Rate Convertible Debenture due in 2009 and a stock purchase warrant to purchase an aggregate of 2,090,592 shares of the Company common stock, subject to adjustments for stock splits or reorganizations as set forth in the warrant, that will expire in 2012 (the "Warrants").

The Debentures were subscribed at a price equal to 87.5% of their principal amount, which is the issue price of $3,428,571 less a 12.5% discount. The Debentures were issued pursuant to, and are subject to the terms and conditions of, a trust deed dated July 31, 2007 (the "Trust Deed").

• Interest Rate. The Debenture bears interest at the rate of 8% per annum of the principal amount of the Debentures.
• Conversion. Each Debenture is convertible at the option of the holder at any time after July 31, 2007 up to July 31, 2009, into shares of our common stock at a fixed conversion price of $0.82 per share.

On July 31, 2007, the Company also entered into a registration rights agreement with the Subscriber pursuant to which the Company agreed to include the Debenture, the Warrants, and the shares of common stock underlying the Debenture and Warrants in a pre-effective amendment to a registration statement that the Company have on file with the SEC. The Company intends to have the registration statement cover the resale of the Debenture, the Warrants, and the shares of common stock underlying the Debenture and Warrants.

At July 31, 2007 and January 1, 2008, the dates of issuance, the Company determined the fair value of the Debenture to be $2,000,000 and $1,000,000, respectively. The values of the warrants and the beneficial conversion feature as at December 31, 2007 and 2008 determined under the Black-Scholes valuation method were immaterial. Accordingly, the interest discount on the warrants and beneficial conversion feature were recorded, and are being amortized by the straight-line method over 5 years and 2 years respectively.

On November 3, 2008, due to market conditions, the Company re-negotiated the terms of the Debentures and Warrants, and entered into a modification agreement (the "Amendment Agreement") with the Holders. Pursuant to the Amendment Agreement, the Company agreed to completely remove the monthly interest payment of the Debentures and Increase the annual interest rate to 18%. Therefore, as described in the Schedule A of the Amendment Agreement, the Company will pay an aggregate of $2,151,110.85 and $1,485,714.10 to the Holders that are due on July 31, 2009 and February 21, 2010, respectively.  The Company acknowledged that the conversion price of the Debentures on the conversion date shall be equal to the lesser of (a) $0.015 (subject to adjustment), and (b) 80% of the lowest closing bid price during the 20 Trading Days immediately prior to the applicable conversion date (subject to adjustment).

The Amendment Agreement further modified the terms of the transaction by reducing the exercise price of the Warrants to $0.015 (subject to further adjustment), and therefore the number of shares underlying Warrants issued to the Holders will be increased to an aggregate of 156,097,534 shares as described in Schedule B of the Amendment Agreement.

The Company further amended the Articles of Incorporation to increase the number of authorized shares of common stock to 1,000,000,000.

On December 29, 2009, the Company entered into a Settlement Agreement with the Holders. Pursuant to the Settlement Agreement, the Company would make a total payment of $1,300,000 to the Holders no later than January 21, 2010. The Convertible Debentures would be deemed satisfied and all outstanding Warrants held by the Holders would be cancelled. In addition, the Holders agreed to cancel all of the Company shares held by them at such time as the payment has been made.

In May 2010, the Holders commenced an action against the Company in the Supreme Court of the State of New York in order to recover the outstanding amount of $1,300,000 under the Settlement Agreement. The outcome and estimated loss from this lawsuit cannot be determined at this time.

On November 28, 2011, the Company entered into a Settlement and Amendment Agreement with holders of its convertible debentures, warrants and restricted shares (the "Holders"). The parties in this Settlement and Amendment Agreement agreed: i) principal amount of the debentures will be reduced from $3 million to $1.3 million; ii) the Holders will surrender common stock purchase warrants to purchase a total of 156,097,534 shares of the Company's common stock, and surrender 32,704,376 restricted shares of the Company, in exchange for settlement payments in the sum of $155,000. The Company has paid a total of $155,000 in settlement payments to the Holders. Therefore, the Company will pay on aggregate of $1.3 million to the Holders that are due on November 28, 2014. The Company acknowledged that the conversion price of $1.3 million Fixed Rate Convertible Debenture on the conversion date shall be equal to the lesser of (a) $0.10 (the Set Price) and (b) 90% of the average of the VWAPs for the five trading days immediately prior to the applicable conversion date (such lower price, as subject to adjustment herein, the Conversion Price). The values of the beneficial conversion feature under the Black-Scholes valuation method were immaterial.

Gain or loss resulted from this Settlement and Amendment Agreement has been included in the financial statements as of and for the nine months period ended September 30, 2012.

Because of the fact that the $1.3 million Fixed Rate Convertible Debenture due in contain one separate securities and yet merged into one package, the Debenture security must identify its constituents and establish the individual value as determined by the Issuer as follows:

(1)	Convertible Debenture (after two rounds)	$ 1,300,000
(2)	Discount	-
(3)	Warrant	-
(4)	Beneficial Conversion Feature	-

The Convertible Debentures Payable, net consisted of the following: -

		9/30/2012	12/31/2011
Convertible Debenture - Principal and interest
	Balance as at beginning of period	$ 2,866,323	$ 2,866,323
	Addition	-	-
	Redemption	-	-
	Interest charged for the current year	-	-
	Repayment of interest in current year	-	-
	Forgiveness of debt	1,566,323	-
	Balance as at end of year	$ 1,300,000	$ 2,866,323
Less: Interest discount - Beneficial conversion feature
	Balance as at beginning of year	$ -	$ -
	Addition	-	-
	Amortization	-	-
	Balance as at end of year	-	-
Less: Interest Discount - Warrant
	Balance as at beginning of year	-	-
	Addition	-	-
	Amortization	-	-
	Balance as at end of year	-	-
Convertible Debenture, net		$ 1,300,000	$ 2,866,323

The Convertible Debenture was classified as current and non-current as follows:
		9/30/2012	12/31/2011
	Current portion	$ -	$ 2,866,323
	Non - current Portion	1,300,000	-
		$ 1,300,000	$ 2,866,323

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Property, Plant and Equipment (Details) (USD $)	Sep. 30, 2012		Dec. 31, 2011
Property Plant And Equipment Details
Motor Vehicles cost	$ 60,557		$ 0
Computer equipment	332		0
Total	60,889		0
Motor Vehicles accumulated depreciatioin	(6,056)		0
Computer equipment accumulated depreciation	(22)
Total	(6,078)		0
Net	$ 54,811	[1]	$ 0	[1]

[1] Note 6

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements

Methomd of Accopunting and Use of Estimates

The Company maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America and have been consistently applied in the presentation of financial statements.

Our discussion and analysis is based upon our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting years. These accounts and estimates include, but are not limited to, the estimation on useful lives of property, plant and equipment. Actual results could differ from those estimates.

Principles of Consolidation

The consolidated financial statements include the accounts of China Teletech Holdings, Inc. and five wholly and partially owned subsidiaries. The consolidated financial statements were compiled in accordance with generally accepted accounting principles of the United States of America. All significant inter-company accounts and transactions have been eliminated in consolidation.

The company owned the following subsidiaries since the reserve-merger and soon thereafter. As of September 30, 2012, detailed identities of the consolidating subsidiaries are as follows:

Name of Company	Place of Incorporation	Attributable Equity Interest %	Registered Capital
Global Telecom Holdings, Ltd.	BVI	100%	HKD 7,800
China Teletech Limited	BVI	100%	USD 10
Guangzhou Renwoxing Telecom Co., Ltd.	PRC	51%	RMB 3,010,000
Shenzhen Rongxin Investment Co., Ltd	PRC	100%	RMB 10,000,000
Guangzhou Rongxin Science and Technology Limited	PRC	100%	HK 1,200,000

Economic and Political Risks

The Company's operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic, legal environment and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, restriction on international remittances, and rates and methods of taxation, among other things.

Cash and Cash Equivalents

The Company considers all cash and other highly liquid investments with initial maturities of three months or less to be cash equivalents.

Accounts Receivable

Accounts receivable are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is made when recovery of the full amount is doubtful.

Inventories

Inventories are stated at the lower of cost or market value. Cost is computed using the first-in, first-out method and includes all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. Market value is determined by reference to the sales proceeds of items sold in the ordinary course of business or estimates based on prevailing market conditions. The inventories are telecommunication products such as mobile phone, rechargeable phone cards, smart chips, and interactive voice response cards.

Property, Plant, and Equipment, net

Property, plant and equipment, net are carried at cost net of accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method with no salvage value. Estimated useful lives of the property, plant and equipment are as follows:

Motor Vehicles	Three to five years
Computer Equipment	Five years

Accounting for Impairment of Long-Lived Assets

The Company adopted Statement of Financial Accounting Standards No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets" ("SFAS 144"), which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with SFAS 144.SFAS 144 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets' carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets.

The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. It is reasonably possible that these assets could become impaired as a result of technology or other industry changes. Determination of recoverability of assets to be held and used is by comparing the carrying amount of an asset to future net undiscounted cash flows to be generated by the assets.

If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. During the reporting periods, there was no impairment loss.

Revenue Recognition

Revenue from the sale of the products is recognized on the transfer of risks and rewards of ownership, which generally coincides with the time when the goods are delivered to customers and the title has passed.

Cost of Sales

The Company's cost of sales is comprised mainly of cost of goods sold.

Selling Expenses

Selling expenses are comprised of salaries for the sales force, client entertainment, commissions, advertising, and travel and lodging expenses.

General and Administrative Expenses

General and administrative expenses include executive compensation, general overhead such as the finance department and administrative staff, depreciation, office rental and utilities.

Advertisimng

The Company expensed all advertising costs as incurred.

Foreign Currency Translation

The Company maintains its financial statements in the functional currency, which is the Renminbi (RMB). Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchanges rates prevailing at the dates of the transaction. Exchange gains or losses arising from foreign currency transactions are included in the determination of net income for the respective periods.

For financial reporting purposes, the financial statements of the Company, which are prepared using the functional currency, have been translated into United States dollars. Assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated at the average exchange rates and stockholders' equity is translated at historical exchange rates. Translation adjustments are not included in determining net income but are included in foreign exchange adjustment to other comprehensive income, a component of stockholders' equity.

Exchange Rates	9/30/2012	12/31/2011	9/30/2011
Year end RMB : US$ exchange rate	6.3340	6.3647	6.4018
Average year RMB : US$ exchange rate	6.3275	6.4735	6.5060
Year end HKD : US$ exchange rate	7.7549	7.7691	7.7934
Average year HKD : US$ exchange rate	7.7597	7.7851	7.7867

RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation.

Income Taxes

The Company uses the accrual method of accounting to determine and report its taxable reduction of income taxes for the year in which they are available. The Company has implemented Statement of Financial Accounting Standards (SFAS) No. 109, Accounting for Income Taxes. Income tax liabilities computed according to the United States, People's Republic of China (PRC), and British Virgin Islands (BVI) tax laws are provided for the tax effects of transactions reported in the financial statements and consists of taxes currently due plus deferred taxes related primarily to differences between the basis of fixed assets and intangible assets for financial and tax reporting. The deferred tax assets and liabilities represent the future tax return consequences of those differences, which will be either taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes also are recognized for operating losses that are available to offset future income taxes. A valuation allowance is created to evaluate deferred tax assets if it is more likely than not that these items will either expire before the Company is able to realize that tax benefit, or that future realization is uncertain.

In respect of the Company's subsidiaries domiciled and operated in China, the taxation of these entities are summarized below:

• GGT, GRT, Shenzhen Rongxin and Guangzhou Rongxin are located in the PRC and GTHL and CTL are located in the British Virgin Islands; all of these entities are subject to the relevant tax laws and regulations of the PRC and British Virgin Islands in which the related entity domiciled. The maximum tax rates of the subsidiaries pursuant to the countries in which they domicile are: -

Subsidiary	Country of Domicile	Income Tax Rate
GGT, GRT, Shenzhen Rongxin and Guangzhou Rongxin	PRC	25.0%
GTHL and CTL	British Virgin Islands	0.00%

• Effective January 1, 2008, PRC government implements a new 25% tax rate across the board for all enterprises regardless of whether domestic or foreign enterprise without any tax holiday which is defined as "two-year exemption followed by three-year half exemption" hitherto enjoyed by tax payers. As a result of the new tax law of a standard 25% tax rate, tax holidays terminated as of December 31, 2007. However, PRC government has established a set of transition rules to allow enterprises already started tax holidays before January 1, 2008, to continue enjoying the tax holidays until being fully utilized.
• Since China Teletech Holding, Inc. is primarily a holding company without any business activities in the United States. The Company shall not be subject to United States income tax for the nine-month periods ended September 30, 2012 and 2011.

Statutory Reserve

Statutory reserve refers to the amount appropriated from the net income in accordance with PRC laws or regulations, which can be used to recover losses and increase capital, as approved, and, are to be used to expand production or operations. PRC laws prescribe that an enterprise operating at a profit, must appropriate, on an annual basis, from its earnings, an amount to the statutory reserve to be used for future company development. Such an appropriation is made until the reserve reaches a maximum equalling 50% of the enterprise's registered capital.

Fair Value of Financial Instruments

For certain of the Company's financial instruments, including cash and equivalents, accounts and other receivables, accounts and other payables, accrued liabilities and short-term debt, the carrying amounts approximate their fair values due to their short maturities. ASC Topic 820, "Fair Value Measurements and Disclosures," requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, "Financial Instruments," defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures.

The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:

• Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.
• Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
• Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, "Distinguishing Liabilities from Equity," and ASC 815.

As of September 30, 2012 and December 31, 2011, the Company did not identify any assets and liabilities that were required to be presented on the balance sheet at fair value.

Other Comprehensive Income

The Company's functional currency is the Renminbi ("RMB"). For financial reporting purposes, RMB were translated into United States Dollars ("USD" or "$") as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders' equity as "Accumulated other comprehensive income".

Gains and losses resulting from foreign currency transactions are included in income. There has been no significant fluctuation in exchange rate for the conversion of RMB to USD after the balance sheet date.

The Company uses FASB ASC Topic 220, "Reporting Comprehensive Income". Comprehensive income is comprised of net income and all changes to the statements of stockholders' equity, except the changes in paid-in capital and distributions to stockholders due to investments by stockholders. Comprehensive income for the nine month period ended September 30, 2012 and 2011 included net income and foreign currency translation adjustments.

Goodwill

Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable assets acquired in a business combination. In accordance with Statement of Financial Accounting Standards ("SFAS") No. 142, "Goodwill and Other Intangible Assets", goodwill is no longer subject to amortization. Rather, goodwill is subject to at least an annual assessment for impairment, applying a fair-value based test. Fair value is generally determined using a discounted cash flow analysis.

Segment Reporting

FASB ASC Topic 280, "Disclosures about Segments of an Enterprise and Related Information" requires use of the "management approach" model for segment reporting. The management approach model is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manners in which management disaggregates a company.

Recent Accounting Pronouncements

On July 27, 2012, the FASB issued ASU 2012-02, Intangibles-Goodwill and Other (Topic 350) - Testing Indefinite-Lived Intangible Assets for Impairment. The ASU provides entities with an option to first assess qualitative factors to determine whether events or circumstances indicate that it is more likely than not that the indefinite-lived intangible asset is impaired. If an entity concludes that it is more than 50% likely that an indefinite-lived intangible asset is not impaired, no further analysis is required. However, if an entity concludes otherwise, it would be required to determine the fair value of the indefinite-lived intangible asset to measure the amount of actual impairment, if any, as currently required under US GAAP. The ASU is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of this pronouncement will not have a material impact on its financial statements.

As of September 30, 2012, there are no other recently issued accounting standards not yet adopted that would have a material effect on the Company's consolidated financial statements.

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CONVERTIBLE BONDS AND BOND WARRANTS (Tables)

9 Months Ended

Sep. 30, 2012

Convertible Bonds And Bond Warrants Tables

Schedule of Long-term Debt Instruments

Because of the fact that the $1.3 million Fixed Rate Convertible Debenture due in contain one separate securities and yet merged into one package, the Debenture security must identify its constituents and establish the individual value as determined by the Issuer as follows:

(1)	Convertible Debenture (after two rounds)	$ 1,300,000
(2)	Discount	-
(3)	Warrant	-
(4)	Beneficial Conversion Feature	-

The Convertible Debentures Payable, net consisted of the following:

		9/30/2012	12/31/2011
Convertible Debenture - Principal and interest
	Balance as at beginning of period	$ 2,866,323	$ 2,866,323
	Addition	-	-
	Redemption	-	-
	Interest charged for the current year	-	-
	Repayment of interest in current year	-	-
	Forgiveness of debt	1,566,323	-
	Balance as at end of year	$ 1,300,000	$ 2,866,323
Less: Interest discount - Beneficial conversion feature
	Balance as at beginning of year	$ -	$ -
	Addition	-	-
	Amortization	-	-
	Balance as at end of year	-	-
Less: Interest Discount - Warrant
	Balance as at beginning of year	-	-
	Addition	-	-
	Amortization	-	-
	Balance as at end of year	-	-
Convertible Debenture, net		$ 1,300,000	$ 2,866,323

The Convertible Debenture was classified as current and non-current as follows:
		9/30/2012	12/31/2011
	Current portion	$ -	$ 2,866,323
	Non - current Portion	1,300,000	-
		$ 1,300,000	$ 2,866,323

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Consolidated Statements of Income (Parenthetical)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Income Statement [Abstract]
Weighted average shares outstanding basic, ratio of reverse stock split	1 for 10	1 for 10	1 for 10	1 for 10
Weighted average shares outstanding diluted, ratio of reverse stock split	1 for 10	1 for 10	1 for 10	1 for 10

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Summary of Significant Accounting Policies - Note 2

9 Months Ended

Sep. 30, 2012

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Method of Accounting

The Company maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America and have been consistently applied in the presentation of financial statements.

b. Consolidation

The consolidated financial statements include the accounts of China Teletech Holdings, Inc. and five wholly and partially owned subsidiaries. The consolidated financial statements were compiled in accordance with generally accepted accounting principles of the United States of America. All significant inter-company accounts and transactions have been eliminated in consolidation.

The company owned the following subsidiaries since the reserve-merger and soon thereafter. As of September 30, 2012, detailed identities of the consolidating subsidiaries are as follows:

Name of Company	Place of Incorporation	Attributable Equity Interest %	Registered Capital
Global Telecom Holdings, Ltd.	BVI	100%	HKD 7,800
China Teletech Limited	BVI	100%	USD 10
Guangzhou Renwoxing Telecom Co., Ltd.	PRC	51%	RMB 3,010,000
Shenzhen Rongxin Investment Co., Ltd	PRC	100%	RMB 10,000,000
Guangzhou Rongxin Science and Technology Limited	PRC	100%	HK 1,200,000

c. Economic and Political Risks

The Company's operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic, legal environment and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, restriction on international remittances, and rates and methods of taxation, among other things.

d. Use of Estimates

Our discussion and analysis is based upon our consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting years. These accounts and estimates include, but are not limited to, the estimation on useful lives of property, plant and equipment. Actual results could differ from those estimates.

e. Cash and Cash Equivalents

The Company considers all cash and other highly liquid investments with initial maturities of three months or less to be cash equivalents.

f. Accounts Receivable

Accounts receivable are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is made when recovery of the full amount is doubtful.

g. Inventories

Inventories are stated at the lower of cost or market value. Cost is computed using the first-in, first-out method and includes all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. Market value is determined by reference to the sales proceeds of items sold in the ordinary course of business or estimates based on prevailing market conditions. The inventories are telecommunication products such as mobile phone, rechargeable phone cards, smart chips, and interactive voice response cards.

h. Property, Plant, and Equipment, net

Property, plant and equipment, net are carried at cost net of accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method with no salvage value. Estimated useful lives of the property, plant and equipment are as follows:

Motor Vehicles	Three to five years
Computer Equipment	Five years

i. Accounting for Impairment of Long-Lived Assets

The Company adopted Statement of Financial Accounting Standards No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets" ("SFAS 144"), which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with SFAS 144.SFAS 144 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets' carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets.

The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. It is reasonably possible that these assets could become impaired as a result of technology or other industry changes. Determination of recoverability of assets to be held and used is by comparing the carrying amount of an asset to future net undiscounted cash flows to be generated by the assets.

If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. During the reporting periods, there was no impairment loss.

j. Revenue Recognition

Revenue from the sale of the products is recognized on the transfer of risks and rewards of ownership, which generally coincides with the time when the goods are delivered to customers and the title has passed.

k. Cost of Sales

The Company's cost of sales is comprised mainly of cost of goods sold.

l. Selling Expenses

Selling expenses are comprised of salaries for the sales force, client entertainment, commissions, advertising, and travel and lodging expenses.

m. General & Administrative Expenses

General and administrative expenses include executive compensation, general overhead such as the finance department and administrative staff, depreciation, office rental and utilities.

n. Advertising

The Company expensed all advertising costs as incurred.

o. Foreign Currency Translation

The Company maintains its financial statements in the functional currency, which is the Renminbi (RMB). Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchanges rates prevailing at the dates of the transaction. Exchange gains or losses arising from foreign currency transactions are included in the determination of net income for the respective periods.

For financial reporting purposes, the financial statements of the Company, which are prepared using the functional currency, have been translated into United States dollars. Assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated at the average exchange rates and stockholders' equity is translated at historical exchange rates. Translation adjustments are not included in determining net income but are included in foreign exchange adjustment to other comprehensive income, a component of stockholders' equity.

Exchange Rates	9/30/2012	12/31/2011	9/30/2011
Year end RMB : US$ exchange rate	6.3340	6.3647	6.4018
Average year RMB : US$ exchange rate	6.3275	6.4735	6.5060
Year end HKD : US$ exchange rate	7.7549	7.7691	7.7934
Average year HKD : US$ exchange rate	7.7597	7.7851	7.7867

RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation.

p. Income Taxes

The Company uses the accrual method of accounting to determine and report its taxable reduction of income taxes for the year in which they are available. The Company has implemented Statement of Financial Accounting Standards (SFAS) No. 109, Accounting for Income Taxes. Income tax liabilities computed according to the United States, People's Republic of China (PRC), and British Virgin Islands (BVI) tax laws are provided for the tax effects of transactions reported in the financial statements and consists of taxes currently due plus deferred taxes related primarily to differences between the basis of fixed assets and intangible assets for financial and tax reporting. The deferred tax assets and liabilities represent the future tax return consequences of those differences, which will be either taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes also are recognized for operating losses that are available to offset future income taxes. A valuation allowance is created to evaluate deferred tax assets if it is more likely than not that these items will either expire before the Company is able to realize that tax benefit, or that future realization is uncertain.

In respect of the Company's subsidiaries domiciled and operated in China, the taxation of these entities are summarized below:

• GGT, GRT, Shenzhen Rongxin and Guangzhou Rongxin are located in the PRC and GTHL and CTL are located in the British Virgin Islands; all of these entities are subject to the relevant tax laws and regulations of the PRC and British Virgin Islands in which the related entity domiciled. The maximum tax rates of the subsidiaries pursuant to the countries in which they domicile are: -

Subsidiary	Country of Domicile	Income Tax Rate
GGT, GRT, Shenzhen Rongxin and Guangzhou Rongxin	PRC	25.0%
GTHL and CTL	British Virgin Islands	0.00%

• Effective January 1, 2008, PRC government implements a new 25% tax rate across the board for all enterprises regardless of whether domestic or foreign enterprise without any tax holiday which is defined as "two-year exemption followed by three-year half exemption" hitherto enjoyed by tax payers. As a result of the new tax law of a standard 25% tax rate, tax holidays terminated as of December 31, 2007. However, PRC government has established a set of transition rules to allow enterprises already started tax holidays before January 1, 2008, to continue enjoying the tax holidays until being fully utilized.
• Since China Teletech Holding, Inc. is primarily a holding company without any business activities in the United States. The Company shall not be subject to United States income tax for the nine-month periods ended September 30, 2012 and 2011.

q. Statutory Reserve

Statutory reserve refers to the amount appropriated from the net income in accordance with PRC laws or regulations, which can be used to recover losses and increase capital, as approved, and, are to be used to expand production or operations. PRC laws prescribe that an enterprise operating at a profit, must appropriate, on an annual basis, from its earnings, an amount to the statutory reserve to be used for future company development. Such an appropriation is made until the reserve reaches a maximum equalling 50% of the enterprise's registered capital.

r. Fair Value of Financial Instruments

For certain of the Company's financial instruments, including cash and equivalents, accounts and other receivables, accounts and other payables, accrued liabilities and short-term debt, the carrying amounts approximate their fair values due to their short maturities. ASC Topic 820, "Fair Value Measurements and Disclosures," requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, "Financial Instruments," defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:

• Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.
• Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
• Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, "Distinguishing Liabilities from Equity," and ASC 815.

As of September 30, 2012 and December 31, 2011, the Company did not identify any assets and liabilities that were required to be presented on the balance sheet at fair value.

s. Other Comprehensive Income

The Company's functional currency is the Renminbi ("RMB"). For financial reporting purposes, RMB were translated into United States Dollars ("USD" or "$") as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders' equity as "Accumulated other comprehensive income".

Gains and losses resulting from foreign currency transactions are included in income. There has been no significant fluctuation in exchange rate for the conversion of RMB to USD after the balance sheet date.

The Company uses FASB ASC Topic 220, "Reporting Comprehensive Income". Comprehensive income is comprised of net income and all changes to the statements of stockholders' equity, except the changes in paid-in capital and distributions to stockholders due to investments by stockholders. Comprehensive income for the nine month period ended September 30, 2012 and 2011 included net income and foreign currency translation adjustments.

t. Goodwill

Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable assets acquired in a business combination. In accordance with Statement of Financial Accounting Standards ("SFAS") No. 142, "Goodwill and Other Intangible Assets", goodwill is no longer subject to amortization. Rather, goodwill is subject to at least an annual assessment for impairment, applying a fair-value based test. Fair value is generally determined using a discounted cash flow analysis.

u. Segment Reporting

FASB ASC Topic 280, "Disclosures about Segments of an Enterprise and Related Information" requires use of the "management approach" model for segment reporting. The management approach model is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manners in which management disaggregates a company.

v. Recent Accounting Pronouncements

On July 27, 2012, the FASB issued ASU 2012-02, Intangibles-Goodwill and Other (Topic 350) - Testing Indefinite-Lived Intangible Assets for Impairment. The ASU provides entities with an option to first assess qualitative factors to determine whether events or circumstances indicate that it is more likely than not that the indefinite-lived intangible asset is impaired. If an entity concludes that it is more than 50% likely that an indefinite-lived intangible asset is not impaired, no further analysis is required. However, if an entity concludes otherwise, it would be required to determine the fair value of the indefinite-lived intangible asset to measure the amount of actual impairment, if any, as currently required under US GAAP. The ASU is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The adoption of this pronouncement will not have a material impact on its financial statements.

As of September 30, 2012, there are no other recently issued accounting standards not yet adopted that would have a material effect on the Company's consolidated financial statements.

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Commitments (Tables)

9 Months Ended

Sep. 30, 2012

Commitments Tables

Commitmnents

The minimum lease payments for the next four years are as follows:

2012	$	11,384
2013		22,768
Total	$	34,152

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Convertible Debenture Activity (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Convertible Debenture Activity Details
Balance as at beginning of period			$ 2,866,323	$ 2,866,323	$ 2,866,323
Addition			0		0
Redemption			0		0
Interest charged for the current year			0		0
Repayment of interest in current year			0		0
Forgiveness of debt	0	0	(1,566,323)	0
Balance as at end of year	1,300,000		1,300,000		2,866,323
Balance as at beginning of period			0	0	0
Addition			0		0
Amortization			0		0
Balance as at end of year	0		0		0
Balance as at beginning of period			0	0	0
Addition			0		0
Amortization			0		0
Balance as at end of year	0		0		0
Convertible Debenture, net	$ 1,300,000		$ 1,300,000		$ 2,866,323

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Going Concern Uncertainties - Note12

9 Months Ended

Sep. 30, 2012

Going Concern Uncertainties [Abstract]

Going Concern Uncertainties [Text Block]

12. GOING CONCERN UNCERTAINTIES

These consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.

As of September 30, 2012, the Company has an accumulated deficit of $3,876,558 due to the fact that the Company continued to incur losses over the past several years.

As a result, these consolidation financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of the Company's ability to continue as a going concern.