FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Wang Yuejian 		2. Issuer Name and Ticker or Trading Symbol

China Direct, Inc. [ CDS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CEO and Director
(Last)          (First)          (Middle)

C/O CHINA DIRECT, INC., 431 FAIRWAY DRIVE 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/8/2006
(Street)

DEERFIELD BEACH, FL 33441
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

1/17/2007 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   12/8/2006     G (1) (4)    2100000   D $0   1900000   D    
Common Stock   12/8/2006     G (2) (4)    440000   D $0   1460000   D    
Common Stock   12/8/2006     G (3) (4)    1460000   D $0   0   (5) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Gift to Dragon Fund Management, LLC ("Dragon Fund").
( 2)  These shares were inadvertently reported in note 2 to the reporting person's Form 4 filed on January 17, 2007 (the "January 17, 2007 Form 4") as a gift by the reporting person to Lotus Capital Fund. These shares should have been reported as a gift to Dragon Fund. Lotus Capital Trust (not Lotus Capital Fund as incorrectly referred to in the January 17, 2007 Form 4), is an irrevocable trust established by the reporting person for the benefit of the reporting person's wife, Lei Li. Lotus Capital Trust is a non-voting member of Dragon Fund. Based on the incorrect information included in the January 17, 2007 Form 4, the nature of the reporting person's beneficial ownership of these securities was incorrectly reported on the Form 4's filed by the reporting person on December 7, 2007 and December 12, 2007.
( 3)  These shares were inadvertently reported in note 3 to the January 17, 2007 Form 4 as a gift by the reporting person to Tiger Fund Trust, an irrevocable trust established by the reporting person for the benefit of the reporting person's daughter. These shares should have been reported as a gift to Dragon Fund. Tiger Fund Trust is a non-voting member of Dragon Fund. Based on the incorrect information included in the January 17, 2007 Form 4, the nature of the reporting person's beneficial ownership of these securities was incorrectly reported on the Form 4's filed by the reporting person on December 7, 2007 and December 12, 2007.
( 4)  The reporting person owns 1% of the membership interests in Dragon Fund which ownership interest has 50% of the voting control of this entity. The reporting person's spouse, Lei Li: (i) owns 1% of the membership interests in Dragon Fund which ownership interest has 50% of the voting control of this entity, (ii) owns 3% of the non-voting interests in Dragon Fund; and (iii) is co-trustee of Lotus Capital Trust and Tiger Fund Trust which collectively own 95% of the non-voting membership interests in Dragon Fund. The reporting person disclaims beneficial ownership of the Company's securities owned by Dragon Fund except to the extent of his pecuniary interest in Dragon Fund and this filing should not be construed as an admission that the reporting person is the beneficial owner of these securities.
( 5)  Does not include 4,000,000 shares of common stock owned by Dragon Fund.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Wang Yuejian
C/O CHINA DIRECT, INC.
431 FAIRWAY DRIVE
DEERFIELD BEACH, FL 33441 		X X CEO and Director

Signatures
/s/ Yuejian Wang 5/9/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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