-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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<SEC-DOCUMENT>0001010549-08-000399.txt : 20080718
<SEC-HEADER>0001010549-08-000399.hdr.sgml : 20080718

<ACCEPTANCE-DATETIME>20080515160034

<PRIVATE-TO-PUBLIC>

ACCESSION NUMBER:		0001010549-08-000399

CONFORMED SUBMISSION TYPE:	8-K/A

PUBLIC DOCUMENT COUNT:		2

CONFORMED PERIOD OF REPORT:	20080515

ITEM INFORMATION:		Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

FILED AS OF DATE:		20080515

DATE AS OF CHANGE:		20080527


FILER:


	COMPANY DATA:	

		COMPANY CONFORMED NAME:			CHINA RECYCLING ENERGY CORP

		CENTRAL INDEX KEY:			0000721693

		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]

		IRS NUMBER:				900093373

		FISCAL YEAR END:			1231



	FILING VALUES:

		FORM TYPE:		8-K/A

		SEC ACT:		1934 Act

		SEC FILE NUMBER:	000-12536

		FILM NUMBER:		08837537



	BUSINESS ADDRESS:	

		STREET 1:		SUITE 909, TOWER B, CHANG AN INTL BLDG

		STREET 2:		NO. 88 NAN GUAN ZHENG XIE

		CITY:			XI AN CITY, SHAN XI PROVINCE

		STATE:			F4

		ZIP:			710068

		BUSINESS PHONE:		86-29-8765-1096



	MAIL ADDRESS:	

		STREET 1:		SUITE 909, TOWER B, CHANG AN INTL BLDG

		STREET 2:		NO. 88 NAN GUAN ZHENG XIE

		CITY:			XI AN CITY, SHAN XI PROVINCE

		STATE:			F4

		ZIP:			710068



	FORMER COMPANY:	

		FORMER CONFORMED NAME:	CHINA DIGITAL WIRELESS INC

		DATE OF NAME CHANGE:	20040810



	FORMER COMPANY:	

		FORMER CONFORMED NAME:	BOULDER ACQUISITIONS  INC

		DATE OF NAME CHANGE:	20020430



	FORMER COMPANY:	

		FORMER CONFORMED NAME:	BOULDER BREWING CO

		DATE OF NAME CHANGE:	19920703



</SEC-HEADER>

<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>creg051508form8ka.htm
<DESCRIPTION>FORM 8-K/A
<TEXT>

<head>
<title>China Recycling Energy Corporation: Form 8-K/A</title>
</head>



<html>

<body>

<div style="border-top-style: solid; border-top-width: 1; padding-top: 1">
  <hr color="#000000" SIZE="5">
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<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b><font size="5">UNITED STATES <br>
SECURITIES AND EXCHANGE COMMISSION <br>
</font><font size="2">Washington, DC 20549 <br>
</font>____________________</b></p>
<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b><font size="5">FORM 8-K/A</font><br>
____________________</b></p>


<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b><font size="2">CURRENT REPORT </font></b></p>
<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b><font size="2">Pursuant to Section&nbsp;13 or 15(d) of The Securities Exchange Act
of 1934 </font></b></p>
<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b><font size="2">Date of Report (Date of earliest event reported): <br>
April 28, 2008</font></b></p>
<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b><font size="5">CHINA RECYCLING ENERGY CORPORATION <br>
</font><font size="2">(Exact name of registrant as specified in its charter)
</font></b></p>
<table style="border-collapse: collapse; margin-left: 0pt" borderColor="#111111" cellSpacing="0" cellPadding="0" width="100%">
  <tr>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt" align="center">
    <b>Nevada</b></td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="5%" height="15">
    <p style="font-size: 7.5pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt" align="center">
    <b>000-12536</b></td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="5%" height="15">
    <p style="font-size: 7.5pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt" align="center">
    <b>90-0093373</b></td>
  </tr>
  <tr>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    <p style="color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt" align="center">
    <font size="2">(State or other jurisdiction of incorporation)</font></td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="5%" height="15">
    <p style="font-size: 7.5pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    <p style="color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt" align="center">
    <font size="2">(Commission File Number)</font></td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="5%" height="15">
    <p style="font-size: 7.5pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="30%" height="15">
    <p style="color: #000000; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; padding: 0pt" align="center">
    <font size="2">(IRS Employer Identification No.)</font></td>
  </tr>
  </table>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b>429 Guangdong Road<br>
Shanghai 200001<br>
People's Republic of China<br>
</b><font size="2">&nbsp;(Address of principal executive offices, including zip code)
</font></p>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b>(86-21) 6336-8686 <br>
</b><font size="2">(Registrant's telephone number, including area code) </font>
</p>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="center">
<b>Not Applicable <br>
</b><font size="2">(Former name or former address, if changed since last report.)
</font></p>
<p style="color: #000000; text-indent: 0pt; margin-left: 0pt; padding: 0pt" align="justify">
<font size="2">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 (see General Instruction A.2. below): </font>
</p>
<font lang="JA" face="Wingdings 2" size="3">
<p>&#163;</font><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font>
<font lang="JA" face="Sim Sun" size="3"></p>
</font><font lang="JA" face="Wingdings" size="3">
<p><font lang="JA" face="Wingdings 2" size="3">&#163;</font><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman" size="2">Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font>
<font lang="JA" face="Sim Sun" size="3"></p>
</font><font lang="JA" face="Wingdings" size="3">
<p><font lang="JA" face="Wingdings 2" size="3">&#163;</font><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman" size="2">Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) </font><font lang="JA" face="Sim Sun" size="3"></p>
</font><font lang="JA" face="Wingdings" size="3">
<p><font lang="JA" face="Wingdings 2" size="3">&#163;</font><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></font><font face="Times New Roman" size="2">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) </font></p>
<hr color="#000000" SIZE="5"><p Style='page-break-before:always'><font FACE="Times New Roman"><b>
<p><font size="2">Item 4.02. Non-Reliance on Previously Issued Financial
Statements or a Related Audit Report or Completed Interim Review </font></p>
</b>
<p ALIGN="justify" style="text-indent: 30"><font size="2">China Recycling Energy
Corporation (&quot;Company&quot;) concluded on April 28, 2008 and announced on April 28,
2008 that it would restate its financial statement on its Form 10-QSB for fiscal
quarters ended March 31, 2007, June 30, 2007 and September 30, 2007. </font></p>
<p style="text-indent: 30" align="justify"><font size="2">Accordingly, the Company's prior Form
10-QSB Quarterly Reports for Fiscal Quarters ended March 31, 2007, June 30, 2007
and September 30, 2007 should no longer be relied upon. </font></p>
<p style="text-indent: 30" align="justify"><font size="2">The Company's decision to restate was
made in connection with a review of the Company's Form 10-QSB by the Corporation
Finance Division of the U.S. Securities and Exchange Commission (SEC). On March
14, 2008, the Company also received a notice from Goldman Parks Kurland
Mohidin-GPKM, LLP (&quot;GPKM&quot;), the Company's independent registered accounting
firm, that the Company's prior Form 10-QSB Quarterly Reports for Fiscal Quarters
ended March 31, 2007, June 30, 2007 and September 30, 2007 should be restated
and should no longer be relied upon. The notice from GPKM indicated that the
accounting for equipment leases as direct financing leases was not in compliance
with the GAAP standards and the equipment leases should be treated as sales type
leases. </font></p>
<p style="text-indent: 30" align="justify"><font size="2">The Board of Directors made the
decision to restate the Company's financial statements on April 28, 2008,
following consultation with, and upon the recommendation of the management. The
Company has also discussed the need to restate the previously issued financial
statements and the matters disclosed in this filing with GPKM, and GPKM has
concurred with the decision of the Board to proceed with the restatement and has
furnished the Company a letter consenting to the statements made by the Company
in this Form 8-K. </font></p>
<p style="text-indent: 30" align="justify"><font size="2">The financial statements for the
quarters ended March 31, 2007, June 30, 2007 and September 30, 2007 would be
restated to reflect the following: </font></p>
<p style="text-indent: 30" align="justify"><font size="2">1)</font></font><font size="2" face="Times New Roman">
</font><font FACE="Times New Roman"><font size="2">Accounting for equipment
leases as sales type leases instead of direct financing leases; </font></p>
<p style="text-indent: 30" align="justify"><font size="2">2)</font></font><font size="2" face="Times New Roman">
</font><font FACE="Times New Roman"><font size="2">Impact of write-off of
account receivable of approximately $ 3.5 million as of December 31, 2006.
</font></p>
<p ALIGN="justify" style="text-indent: 30"><font size="2">On the form 8-K filed
on April 30, 2008, the Company did not specify the estimated amount of
adjustment related to accounting for equipment leases because at that time GPKM
was just engaged by Company as the independent auditor and the Company was
unable to estimate the amount of adjustment related to equipment lease. </font>
</p>
<p style="text-indent: 30" align="justify"><font size="2">In addition to the Form 10-QSB
Quarterly Reports for Fiscal Quarters ended March 31, 2007, June 30, 2007 and
September 30, 2007, the financial statements on Form 10-KSB Annual Reports for
Fiscal Year ended December 31, 2006, including the subsequent Form 10-KSB/A
filed on March 06, 2008 and March 17, 2008, should no longer be relied upon due
to the following: </font></p>
<p style="text-indent: 30" align="justify"><font size="2">Impact of write-off of account
receivable of approximately $ 3.5 million as of December 31, 2006. </font></p>
<p style="text-indent: 30" align="justify"><font size="2">The account receivable that Company
decided to write-off are the debts owed by Shanghai Sifang Information
Technology Co. (&quot;Sifang Information&quot;). Given the further passage of time, the
Company realized that it was unable to collect these account receivable from
Sifang Information and decided that these account receivable should be
written-off. </font></p>
<p ALIGN="justify" style="text-indent: 30"><font size="2">While the information
contained herein describes all of the items for which the Company and GPKM have
determined a restatement is appropriate at this time, there can be no assurance
that further review and inquiry of the Company's financial statements will not
identify additional items. </font></p>
</font><hr color="#000000" size="5"><p Style='page-break-before:always'><font FACE="Times New Roman" SIZE="2"><b>
<p>Forward Looking Statements </p>
</b>
<p align="justify" style="text-indent: 30">Statements contained in this Form 8-K
relating to the Company's or management's intentions, hopes, beliefs,
expectations or predictions of the future, including statements with the words
&quot;expects&quot;, &quot;will&quot;, &quot;intends&quot; and &quot;may&quot; and statements relating to its expected
adjustments to previously reported financial results, are forward-looking
statements. The Company's actual results, including the items and amounts
actually restated, and the timing of the completion of the restatement and
related audit, could differ materially from those projected in these
forward-looking statements. The actual items and amounts restated, and the
actual timing of completion of the restatement and related audit, will depend on
a number of factors, including any additional discussions with the SEC, the
completion of the work underlying the restatement by the Company and the audit
and review of the underlying work and restated financial statements by GPKM.
Additional information concerning factors that could cause actual results to
differ materially from those in the forward-looking statements is contained from
time to time in the Company's SEC filings. The Company disclaims any intention
or obligation to revise any forward-looking statements, including financial
estimates, whether as a result of new information, future events or otherwise.
</p>
</font>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt" align="center">
&nbsp;</p>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt" align="center">
&nbsp;</p>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt" align="center">
<b>SIGNATURES </b></p>
<p style="font-size: 10pt; color: #000000; text-indent: 24.5pt; line-height: 12pt; margin-left: 0pt; margin-top: 7.5pt; margin-bottom: 0pt; padding: 0pt">
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. </p>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt">
&nbsp;</p>
<table style="border-collapse: collapse; margin-left: 0pt" borderColor="#111111" cellSpacing="0" cellPadding="0" width="100%">
  <tr>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; margin: 0pt; padding: 0pt" align="center">
    China Recycling Energy Corporation</td>
  </tr>
  <tr>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    &nbsp;</td>
  </tr>
  <tr>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; margin: 0pt; padding: 0pt">
    Date: May 14, 2008</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; border-bottom: 0.75pt solid #000000; margin-left: 0pt; margin-right: 0pt; margin-top: 4.15pt; margin-bottom: 0.65pt; padding-left: 0pt; padding-right: 0pt; padding-top: 0pt; padding-bottom: 3pt" align="center">
    /s/ Guangyu Wu</td>
  </tr>
  <tr>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    &nbsp;</td>
    <td style="padding-left: 7.2pt; padding-right: 7.2pt; padding-top: 0pt; padding-bottom: 0pt" vAlign="top" align="left" width="50%">
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; margin: 0pt; padding: 0pt" align="center">
    Guangyu Wu</p>
    <p style="font-size: 10pt; color: #000000; text-indent: 0pt; line-height: 12pt; margin-left: 0pt; margin-right: 0pt; margin-top: 0pt; margin-bottom: 0.65pt; padding: 0pt" align="center">
    Chief Executive Officer</td>
  </tr>
</table>
<p style="font-size: 10pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt">
&nbsp;</p>
<p style="font-size: 12pt; color: #000000; text-indent: 0pt; margin-left: 0pt; margin-top: 0pt; margin-bottom: 0pt; padding: 0pt">
&nbsp;</p>
<hr color="#000000" SIZE="5">

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</DOCUMENT>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>2
<FILENAME>filename2.htm
<TEXT>
<html>

<head>
<title>China Recycling Energy Corporation: Response Letter</title>
</head>

<body>

<div style="border-top-style: solid; border-top-width: 1; padding-top: 1">
  <hr color="#000000" size="5">
</div>
<font FACE="Times New Roman">
<p><font size="2">Linda van Doorn <br>
Jorge Bonilla <br>
Securities and Exchange Commission <br>
Division of Corporation Finance <br>
Mail Stop 4561 <br>
450 Fifth Street, N.W. <br>
Washington, D.C. 20549 </font></p>
<b>
<p ALIGN="JUSTIFY" style="margin-left: 5%; margin-bottom: 0"><font size="2">RE:
</font></p>
<p ALIGN="JUSTIFY" style="margin-left: 10%; margin-top: -11pt"><u>
<font size="2">Item 4-02 Form 8-K <br>
Filed April 30, 2008 <br>
File No. 000-12536 </font></u></p>
</b>
<p><font size="2">Date: May 15, 2008 </font></p>
<p><font size="2">Dear Ladies and Gentlemen, </font></p>
<p align="justify"><font size="2">On behalf of China Recycling Energy
Corporation (the &quot;Company&quot;), in connection with the above referenced reports, we
are hereby providing you the following responses to the comments in your letter
dated May 02, 2008: </font></p>
<p align="justify"><u><font size="2">General </font></u></p>
<b>
<p align="justify"><font size="2">Comment: </font></p>
</b>
<p align="justify"><font size="2">1. Please amend your filing to indicate that
the financial statements for the year ended December </font></font>
<font FACE="Times New Roman" SIZE="2">31, 2006 should no longer be relied upon;
and Describe the information provided by your independent accountant; </p>
</font><font FACE="Times New Roman"><b>
<p align="justify"><font size="2">Response: </font></p>
</b>
<p align="justify"><font size="2">We have filed the Amendment to Form 8-K per
your instruction. Please refer to the Form 8-K/A filed on May 15, 2008 for
details. </font></p>
<b>
<p align="justify"><font size="2">Comment: </font></p>
</b>
<p align="justify"><font size="2">2. </font></font>
<font FACE="Times New Roman" SIZE="2">We note that you intend to file restated
financial statements. Please tell us how, and when, you will file them. </p>
</font><font FACE="Times New Roman"><b>
<p align="justify"><font size="2">Response: </font></p>
</b>
<p align="justify"><font size="2">As we have disclosed on our Form 8-K/A filed
on May 15, 2008, we will restate the financial statements on Form 10QSB for
fiscal quarters ended March 31, 2007, June 30, 2007 and September 30, 2007. We
will file the aforementioned restated financial statements on or before May 16,
2008. </font></p>
</font><hr color="#000000" size="5"><p Style='page-break-before:always'><font FACE="Times New Roman"><b>
<p align="center"><font size="2">Acknowledgement Statement </font></p>
</b>
<p><font size="2">In connection to responding to all the comments of the
Securities and Exchange Commission, China Recycling Energy Corporation
(&quot;Company&quot;) hereby acknowledges that: </font></p>
<p><font size="2">1. The Company is responsible for the adequacy and accuracy of
the disclosure in the filings; </font></p>
<p><font size="2">2. Staff comments or changes to disclosure in response to
staff comments do not foreclose the Commission from taking any action with
respect to the filings; and </font></p>
<p><font size="2">3. The Company may not assert Staff comments as a defense in
any proceeding initiated by the Commission or any person under the federal
securities laws of the United States. </font></p>
<p><font size="2">If you have any questions or comments regarding the foregoing,
please do not hesitate to contact me at telephone: 011-86-29-87651098 or fax:
011-86-29-87651099. </font></p>
<p><font size="2">/s/ Guangyu Wu <br>
_________________________ <br>
Guangyu Wu <br>
Chief Executive Officer <br>
China Recycling Energy Corporation </font></p>
<hr color="#000000" size="5"></font>

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