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STATUTORY RESERVES (Tables)

12 Months Ended

Dec. 31, 2013

Statutory Reserves [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The table below discloses the statutory reserve amount in the currency type registered for each Chinese subsidiary as of December 31, 2013.

Name of Chinese Subsidiaries		Registered Capital			Maximum Statutory  Reserve Amount			Statutory reserve at December 31, 2013
Shanghai TCH		$	29,800,000		$	14,900,000		¥		6,564,303			($959,387)
Xi’an TCH		¥	202,000,000		¥	101,000,000		¥		45,990,396			($6,916,300)
Erdos TCH		¥	120,000,000		¥	60,000,000		¥		12,052,401			($1,797,067)
Xi’an Zhonghong		¥	30,000,000		¥	15,000,000		Did not accrue yet due to accumulated deficit
Shaanxi Huahong		¥	2,500,300		¥	1,250,150		Did not accrue yet due to accumulated deficit

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 420

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (b)(2)

-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 420

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SAB Topic 5.P.4(b)(2))

-URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747

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