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NOTE 14 - CONCENTRATION OF CREDIT RISK
6 Months Ended
Jun. 30, 2011
Concentration Risk Disclosure [Text Block]
NOTE 14 – CONCENTRATION OF CREDIT RISK

The Company maintains cash balances in various banks in China. Currently, no deposit insurance system has been set up in China. Therefore, the Company will bear all risk if any of these banks become insolvent. As of June 30, 2011 and December 31, 2010, the Company’s uninsured cash balances were $7,588,183 and $5,559,314, respectively.