SHORT TERM BANK LOANS

6 Months Ended

Jun. 30, 2011

SHORT TERM BANK LOANS

NOTE 11 SHORT TERM BANK LOANS

Short-term bank loans consisted of the following:

	June 30,		December 31,
	2011		2010
Bank loan of RMB15,000,000 granted by Agricultural Bank of China, Danyang Branch with an interest rate of 6.31% p.a., guaranteed by Mr. Jianhua Zhu and Tianyi Telecom and matures on April 20, 2012	$	2,317,819	$	2,264,937
Total	$	2,317,819	$	2,264,937