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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001026700-02-000097.txt : 20020513
<SEC-HEADER>0001026700-02-000097.hdr.sgml : 20020513
ACCESSION NUMBER:		0001026700-02-000097
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020326
ITEM INFORMATION:		Changes in registrant's certifying accountant
FILED AS OF DATE:		20020513

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA GLOBAL DEVELOPMENT INC
		CENTRAL INDEX KEY:			0000846475
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				870403828
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	033-26787-D
		FILM NUMBER:		02642784

	BUSINESS ADDRESS:	
		STREET 1:		440 LOUISIANA 475
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		7135478900

	MAIL ADDRESS:	
		STREET 1:		SEVENTH DISTRIC NORTH
		STREET 2:		CHUNG PING REGION
		CITY:			BEIJING CHINA
		STATE:			F5
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDIA USA INC
		DATE OF NAME CHANGE:	19940209

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IBONZAI COM INC
		DATE OF NAME CHANGE:	20000814

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALIANT CORPORATION
		DATE OF NAME CHANGE:	19940209

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIFE MEDICAL TECHNOLOGIES INC /UT/
		DATE OF NAME CHANGE:	19960330
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>subfm8ka_32602.txt
<TEXT>

                        SECURITIES & EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   Form 8-K/A
                                 Amendment No. 1

                                 Current Report

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported) March 26, 2002

                        Commission File Number 3-26787-D


                         CHINA GLOBAL DEVELOPMENT, INC.
               ---------------------------------------------------
               Exact Name of Registration as Specified in Charter:

                Nevada                                  87-0403828
- --------------------------------------------  ----------------------------------
State of Other Jurisdiction of Incorporation  IRS Employer Identification Number

          Address and Telephone Number of Principle Executive Offices:
                          1400 Quail Street, Suite 138
                             Newport Beach, CA 92660

                                  949-250-1147


<PAGE>

Item 4.  Changes in Registrant's Certifying Accountant

     (a)  On  March  26,  2002,  China  Global   Development,   Inc.,   formerly
Ibonzai.com,  Inc.  (the  "Company")  dismissed  CPA  Network LLC ("CNL") as the
Company's independent accountant.

     The  decision to change  accountants  was  recommended  and approved by the
board of directors of the Company.

     CNL's  audit  report  on the  financial  statements  of the  Company  as of
December 31, 2000 and for the year ended  December 31, 2000 contained no adverse
opinion or  disclaimer  of  opinion  and was not  qualified  or  modified  as to
uncertainty, audit scope, or accounting principles.

     During  the  Company's  two most  recent  fiscal  years and any  subsequent
interim period (up to March 26, 2002) preceding the dismissal of CNL, there were
no disagreements  with CNL on any matter of accounting  principles or practices,
financial  statement   disclosure,   or  auditing  scope  or  procedure,   which
disagreement(s)  if not resolved to the  satisfaction  of CNL, would have caused
CNL to make reference to the subject matter of the disagreement(s) in connection
with its report.

     During  the  Company's  two most  recent  fiscal  years and any  subsequent
interim period (up to March 26, 2002) preceding the dismissal of CNL, there have
been  no  reportable  events  of the  type  required  to be  disclosed  by  Item
304(a)(1)(v) of Regulation S-K.

     The Company has provided CNL with a copy of the disclosures it is making in
response to Item 304(a) of Regulation  S-K. The Company has  requested  that CNL
review the  disclosure  and furnish the Company  with a letter  addressed to the
Commission  stating whether it agrees with the statements made by the Company in
response to Item 304(a) of Regulation  S-K and, if not,  stating the respects in
which it does not agree.  A copy of the letter dated May 10,  2002 was received
by the Company from CNL with respect to the Company's  request  addressed to the
Securities  and  Exchange  Commission  and is filed as Exhibit 16.1 to this Form
8-K/A.

     (b) On March 26, 2002, the Company engaged Bierwolf,  Nilson and Associates
("Bierwolf")  as its new  independent  accountants.  Prior to the  engagement of
Bierwolf,  the Company did not consult with such firm regarding the  application
of accounting principles to a specific completed or contemplated transaction, or
any matter that was either the subject of a disagreement or a reportable  event.
The  Company  also did not consult  with  Bierwolf  regarding  the type of audit
opinion which might be rendered on the  Company's  financial  statements  and no
oral or written report was provided by Bierwolf.
<PAGE>

                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly caused this Current  Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.

                                                  CHINA GLOBAL DEVELOPMENT, INC.

Dated: May 10, 2002                               By: /s/ Zheng Baottua
                                                      --------------------------
                                                      Zheng Baottua
                                                      President
<PAGE>


                               C.P.A. Network, LLC
                                  P.O. Box 536
                                 Orem, UT 84059

May 10, 2002


Securities & Exchange Commission
450 Fifth Street, NW
Washington, D.C.  20549

Re: iBonZai.com
      File #

Commissioners:

We have read the statements  made by China Global  Development,  Inc.  (formerly
iBonZai.com), which we understand will be filed with the Commission, pursuant to
Item 4 of Form 8-K, as part of the Company's  Form 8-K/A  Amendment No. 1 report
dated March 26, 2002. We agree with the  statements  concerning our firm in such
Form 8-K.

Very truly yours,




/s/ C.P.A. Network, LLC

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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