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Trade Accounts and Bills Payable
 9 Months Ended
Sep. 30, 2017
Trade Accounts and Bills Payable [Text Block]
11.

Trade Accounts and Bills Payable

Trade accounts and bills payable as of December 31, 2016 and September 30, 2017 consisted of the followings:

 

 

   December 31,     September 30,  
 

 

   2016     2017  
 

Trade accounts payable

 $ 8,308,753   $ 19,606,214  
 

Bills payable

            
 

-     Bank acceptance bills (Note 1)

   6,128,310     13,947,484  
 

-     Commercial acceptance bills

   1,143,592     1,439,158  
 

 

 $ 15,580,655   $ 34,992,856  

All the bills payable are of trading nature and will mature within six months from the issue date.