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RESTRICTED CASH

12 Months Ended

Dec. 31, 2014

Restricted Cash [Abstract]

RESTRICTED CASH

3. RESTRICTED CASH

Restricted cash is held by the banks as collateral to issue bank acceptances and bank loans. The Company endorses bank acceptances to vendors as payment of its obligations.  Most of the bank acceptances have maturities of less than six (6) months.

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- Definition

Th entire disclosure represents cash and cash items which are restricted as to withdrawal or usage. The provisions of any restrictions are described in a note to the financial statements.

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