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LONG-TERM BORROWING (Tables) | 12 Months Ended
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Dec. 31, 2020
LONG-TERM BORROWING |
Schedule of loan agreement of long-term borrowing from bank |
|  |  |  |  |  | Amount |  | Original Amount |  | Annual |  | Repayment
Date |  | Borrower |  | Lender |  | (RMB) |  | (US$) |  | Interest Rate |  | Due Date
May 1, 2020 |  | Bay State College |  | Small Business Administration (“SBA”) |  | 9,594 |  | 1,470 |  | 1.00 | % | May 2, 2022

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