Short-term loans

6 Months Ended

Jun. 30, 2013

Short-term loans [Abstract]

Short-term loans

13. Short-term loans

	June 30,		December 31,
	2013		2012
	(Unaudited)
	$		$
Short- term bank loans guaranteed and repayable within one year		27,636,005		20,478,604

As of June 30, 2013, the above bank borrowings were for working capital purposes and were secured by personal guarantees executed by certain directors of the Company, a land use right with a carrying amount of $3,092,149, real properties with a carrying amount of $10,422,899 and a trade receivable with a carrying amount of $10,497,137.

The loans were primarily obtained for general working capital. Carried interest rates range from 1.3% to 6.9% per annum.