LONG-TERM BORROWINGS

6 Months Ended

Jun. 30, 2011

Debt Disclosure [Abstract]

LONG-TERM BORROWINGS

11.  LONG-TERM BORROWINGS

The details of the Company’s long-term borrowings are as follows:

	As of			As of
	June 30, 2011			December 31, 2010
	(Unaudited)
Bank loans (uncollateralized)	$	1,854,256		$	1,358,962
Less: Current portion		(927,128	)		(905,975)
	$	927,128		$	452,987

The bank loans consist of $1,081,649 (RMB7,000,000) and $772,607 (RMB5,000,000), bearing interest at 5.4% and 5.85% per annum, maturing on May 21, 2012 and January 30, 2013, respectively.