UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
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                                    FORM 8-K
                              Amendment Number One
    ------------------------------------------------------------------------
                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


                DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)

                               September 13, 2006
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                        CHINA DIRECT TRADING CORPORATION
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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                           FLORIDA 0-28331 84-1047159
      (State of Incorporation or (Commission File Number) (I.R.S. Employer
                          organization) Identification
                                      No.)

                               10400 Griffin Road
                                    Suite 109
                           Cooper City, Florida 33328
                    (Address of principal executive offices)

                                 (954) 252-3440
              (Registrant's telephone number, including area code)

            Check the appropriate box below if the Form 8-K filing is
         intended to simultaneously satisfy the filing obligation of the
                           registrant under any of the
                              following provisions:

|_|   Written  communications  pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)
|_|   Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 FR
      240.14a-12)
|_|    Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under  the
       Exchange Act (17 CFR 240.14d-2(b))
|_|   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))

ITEM 8.01  OTHER EVENTS

Howard  Ullman,  Chief  Executive  Officer and President of China Direct Trading
Corp.  (China  Direct),  provided  funding today  $900,000 to China Direct.  The
funding can be used by China  Direct for  general  working  capital,  inventory,
acquisitions,  or business  development.  The funding was made as a loan under a
promissory  note with 8% per annum  simple  interest and a term of 12 months and
whereby  Mr.  Ullman  could be repaid  either in cash or shares of China  Direct
Common Stock (at a conversion rate based on seven cents).

ITEM 9.01 FINANCIAL STATES AND EXHIBITS

(c) EXHIBITS

The following exhibits are filed with this Report:


EXHIBIT NUMBER                      DESCRIPTION


NONE



                                    SIGNATURE

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                    CHINA DIRECT TRADING CORPORATION

                                    Date:    September 13, 2006

                                    By: /s/ Howard Ullman_______________________
                                    Howard Ullman, Chief Executive Officer,
                                    President and Chairman