Statutory Reserve (Details)

6 Months Ended

Jun. 30, 2018

Statutory Reserve (Textual)

Statutory surplus reserve fund, description

Subject to certain cumulative limits, the “statutory surplus reserve fund” requires annual appropriations of 10% of after-tax profit until the aggregated appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC (“PRC GAAP”) at each year-end).