BANK LOANS (Tables)

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

SCHEDULE OF SHORT-TERM BANK LOANS

The Company’s short-term bank loans at September 30, 2013 and December 31, 2012 consisted of the following:

	Maturity	Annual
Loans	date	interest rate		September 30, 2013	December 31, 2012
				USD	USD
Short-term bank loan, unsecured	August 1, 2013	6.00	%	-	3,174,000
Short-term bank loan, unsecured	September 3, 2013	6.00	%	-	3,174,000
Short-term bank loan, unsecured	September 3, 2013	6.00	%	-	1,587,000
Short-term bank loan, unsecured	May 12, 2014	6.00	%	4,890,000	-
Total				4,890,000	7,935,000