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TAXATION (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 | Dec. 31, 2023
Income Tax Disclosure [Abstract] |  |
SCHEDULE OF RECONCILIATION OF EFFECTIVE TAX RATE | Reconciliation between the statutory rate and the effective tax rate is as follows for the six months ended June 30, 2024 and 2023. SCHEDULE OF RECONCILIATION OF EFFECTIVE TAX RATE
|  | 2024 |  |  | 2023 |
PRC statutory tax rate |  |  | 25 | % |  |  | 25 | %
Foreign loss not recognized in PRC |  |  | (12 | )% |  |  | (124 | )%
Permanent difference and others |  |  | - |  |  |  | 160 | %
Change in valuation allowance |  |  | (65 | )% |  |  | 253 | %
Effective tax rate |  |  | (52 | )% |  |  | 314 | %
| Reconciliation between the statutory rate and the effective tax rate is as follows for the years ended December 31, 2023, 2022 and 2021. SCHEDULE OF RECONCILIATION OF EFFECTIVE TAX RATE
|  | 2023 |  |  | 2022 |  |  | 2021 |
PRC statutory tax rate |  |  | 25 | % |  |  | 25 | % |  |  | 25 | %
Net impact of exemption and favorable tax rate rendered by local tax authorities |  |  | - |  |  |  | - |  |  |  | - |
Foreign loss not recognized in PRC |  |  | 1 | % |  |  | 2 | % |  |  | - | %
Permanent difference and others |  |  | (2 | )% |  |  | (4 | )% |  |  | (1 | )%
Change in valuation allowance |  |  | (25 | )% |  |  | (25 | )% |  |  | (25 | )%
Effective tax rate |  |  | (1 | )% |  |  | (2 | )% |  |  | - |
SCHEDULE OF DEFERRED TAX ASSETS | The Company’s deferred tax assets were as follows: SCHEDULE OF DEFERRED TAX ASSETS
|  | June 30, 2024 |  |  | December 31, 2023 |
Tax effect of net operating losses carried forward |  |  | 92,851 |  |  |  | 15,445,085 |
Valuation allowance |  |  | (92,851 | ) |  |  | (15,445,085 | )
Deferred tax assets, net |  | $ | - |  |  | $ | - |
| The Company’s deferred tax assets were as follows: SCHEDULE OF DEFERRED TAX ASSETS
|  | December 31, 2023 |  |  | December 31, 2022 |
Tax effect of net operating losses carried forward |  |  | 15,445,085 |  |  |  | 3,968,729 |
Valuation allowance |  |  | (15,445,085 | ) |  |  | (3,968,729 | )
Deferred tax assets, net |  | $ | - |  |  | $ | - |

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