SUMMARY OF PRINCIPAL ACCOUNTING POLICIES (Advances to Suppliers and Advances for Purchase of Property, Plant and Equipment and Intangible Assets) (Narrative) (Details) - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Advances to suppliers-current $ 379,792 $ 4,220,864
Prepayments for property, plant and equipment, recorded in non-current assets $ 0 $ 416,201