SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2012

Accounting Policies [Abstract]

Estimated Useful Lives of Assets

Depreciation for financial reporting purposes is provided using the straight-line method over the estimated useful lives of the assets as follows:

	Useful Life
	(In years)
Buildings	5-20
Machinery	5-10
Office equipment & motor vehicles	5

Exchange Rates Used to Translate Amounts in RMB to U.S. Dollars

The exchange rates used to translate amounts in RMB into U.S. Dollars for the purposes of preparing the consolidated financial statements are based on the rates as published on the website of People’s Bank of China and are as follows:

	September 30, 2012	December 31,2011
Balance sheet items, except for equity accounts	US$1=RMB  6.3410	US$1=RMB  6.3009
	Three months ended September 30,
	2012	2011
Items in the statements of income and cash flows	US$1=RMB  6.3344	US$1=RMB  6.4176
	Nine months ended September 30,
	2012	2011
Items in the statements of income and cash flows	US$1=RMB  6.3170	US$1=RMB  6.4975