SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

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	20
Machinery	5-10
Office equipment & motor vehicles	5

Schedule of Amortization Policy on Intangible Assets

The Company’s intangible assets include computer software.  The Company’s amortization policy on intangible assets is as follows:

	Useful Life
	(In years)
Computer software	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:

	2013	2012	2011
Balance sheet items, except for equity accounts	US$1=RMB6.0969	US$1=RMB6.2855	US$1=RMB6.3009
Items in the statements of income and cash flows	US$1=RMB6.1932	US$1=RMB6.3125	US$1=RMB6.4588