SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* China Direct Industries, Inc. (Last) (First) (Middle) 431 FAIRWAY DRIVE SUITE 200 (Street) DEERFIELD BEACH FL 33441 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 12/31/2010	3. Issuer Name and Ticker or Trading Symbol USChina Channel Inc [ USCC ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year) 01/19/2011
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	6,098,818	I	See note 1 below(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* China Direct Industries, Inc. (Last) (First) (Middle) 431 FAIRWAY DRIVE SUITE 200 (Street) DEERFIELD BEACH FL 33441 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* China Direct Investments, Inc. (Last) (First) (Middle) 431 FAIRWAY DRIVE, SUITE 200 (Street) DEERFIELD BEACH FL 33441 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Capital One Resource Co., Ltd. (Last) (First) (Middle) ROOM 804, SINO CENTRE, 582-592 NATHAN RD (Street) K3 852 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* CDI Shanghai Management Co.,Ltd. (Last) (First) (Middle) 59 MAOMING RD. (S) W6351, JINJIANG JUNLING MANSION (Street) SHANGHAI F4 200020 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. 2,858,471 shares are owned directly by China Direct Investments, Inc., 1,185,174 shares are owned by CDI Shanghai Management Co., 1,185,173 shares are owned by Capital One Resource Co., Ltd., all of which are subsidiaries of China Direct Industries, Inc. China Direct Industries, Inc. is the indirect beneficial owner of the reported securities. 600,000 shares are owned by Invictus Advisory Services, Inc. on behalf of China Direct Investments, Inc. and an additional 270,000 shares are beneficially owned by Animus Advisory Group, Inc. Neither Invictus Advisory Services, Inc. nor Animus Advisory Group, Inc. is an affiliate of China Direct Industries, Inc. or its subsidiaries. China Direct Industries, Inc. disclaims beneficial ownership of the 270,000 shares beneficially owned by Animus Advisory Group, Inc. and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of any of these shares for purposes of Section 16 or any other purpose.

Remarks:

	/s/ Yuejian (James) Wang	03/31/2011
	** 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 5 (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).
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