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 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(h) of the Investment Company Act of 1940

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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, Chairman (Last) (First) (Middle) 5301 N. FEDERAL HIGHWAY, SUITE 120 3. Date of Earliest Transaction (Month/Day/Year) 12/10/2007 (Street) BOCA RATON, FL 33487 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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               2,100,000 D (1)   Common Stock 12/10/2007   M(4)   56,000 A $ 2.5 2,156,000 D (1)   Common Stock 12/10/2007   S   56,000 D $ 10.4302 2,100,000 D (1)   Common Stock 12/11/2007   M(4)   28,000 A $ 2.5 2,128,000 D (1)   Common Stock 12/11/2007   S   28,000 D $ 10.4223 2,100,000 D (1)   Common Stock 12/12/2007   M(4)   14,500 A $ 2.5 2,114,500 D (1)   Common Stock 12/12/2007   S   14,500 D $ 10.03 2,100,000 D (1)   Common Stock               440,000 I (2) Trust (2) Common Stock               1,460,000 I (3) Trust (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction 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 (Month/Day/Year)

7. Title and Amount of Underlying Securities (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

Stock Options

$ 0.01

01/01/2005

01/01/2010

Common Stock

400,000

400,000

D

Stock Options

$ 2.5

01/01/2006

01/01/2011

Common Stock

167,840

567,840

D

Stock Options

$ 2.5

12/10/2007

M(4)

56,000

01/01/2006

01/01/2011

Common Stock

56,000

$ 2.5

511,840

D

Stock Options

$ 2.5

12/11/2007

M(4)

28,000

01/01/2006

01/01/2011

Common Stock

28,000

$ 2.5

483,840

D

Stock Options

$ 2.5

12/12/2007

M(4)

14,500

01/01/2006

01/01/2011

Common Stock

14,500

$ 2.5

469,340

D

Stock Options

$ 5

01/01/2007

01/01/2012

Common Stock

400,000

869,340

D

Stock Options

$ 7.5

01/01/2008

01/01/2013

Common Stock

500,000

1,369,340

D

Stock Options

$ 10

01/01/2009

01/01/2014

Common Stock

500,000

1,869,340

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Wang Yuejian 5301 N. FEDERAL HIGHWAY SUITE 120 BOCA RATON, FL 33487	X	X	CEO, Chairman

Signatures

/s/ Yuejian (James) Wang		12/12/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	2,100,000 shares were gifted by Dr. Wang to Dragon Fund Management LLC. Dr. Wang holds 1% of the membership interest and 50% of the voting control of Dragon Fund Management LLC.
(2)	440,000 shares were gifted by Dr. Wang to Lotus Capital Fund, an irrevocable trust for the benefit of Dr. Wang's wife. Dr. Wang is not a trustee of Lotus Capital Fund and he disclaims beneficial ownership in securities held by Lotus Capital Fund.
(3)	1,460,000 shares were gifted by Dr. Wang to Tiger Fund Trust, an irrevocable trust for the benefit of his minor child. Dr. Wang is not a trustee of Tiger Fund Trust and he disclaims beneficial ownership in securities held by Tiger Trust Fund.
(4)	Dr. Wang exercised options granted to him under an employment agreement with China Direct, Inc. and vested on 1/1/06. Dr. Wang delivered proceeds of $246,250 to China Direct, Inc. Transactions were made pursuant to a duly adopted trading plan under Rule 10b5-1.

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