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

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


                DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)

               Event Date requiring this Report: November 16, 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 7.01 REGULATION FD DISCLOSURE

On November 16, 2006, China Direct Trading  Corporation (China Direct) conducted
an investor teleconference call to discuss announced and filed financial results
for the third  quarter of fiscal year 2006,  ended  September  30, 2006.  Howard
Ullman,  China Direct's  Chief  Executive  Officer and President,  conducted the
teleconference. A transcript of the teleconference call is attached to this Form
8-K Report as Exhibit 99.1.

The  transcript  attached to this Current Report shall not be deemed "filed" for
purposes of Section 18 of the  Securities  Exchange Act of 1934, as amended (the
Exchange Act), or  incorporated  by reference in any filing under the Securities
Act of 1933, as amended,  or the Exchange Act,  except as shall be expressly set
forth by specific reference in such a filing.



ITEM 9.01 FINANCIAL STATES AND EXHIBITS

(c) EXHIBITS

The following exhibits are filed with this Report:


EXHIBIT NUMBER                              DESCRIPTION

99.1     Transcript of November 16, 2006 Investor  Teleconference  Call by China
         Direct Trading Corporation


                                    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:  November 17, 2006
                                    By: /s/ Howard Ullman
                                    Howard Ullman, Chief Executive Officer,
                                    President and Chairman







EXHIBITS


Exhibit Number                              Description


99.1     Transcript of Teleconference Call with Investors