SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 Current Report
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

     Date of Report: (Date of earliest event reported) : January 15, 2002

                           Commission File No. 0-27323


                         CHINA GLOBAL DEVELOPMENT, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)



         Nevada                                             87-0403828
-------------------------------                 --------------------------------
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation or organization)



            Seventh District North, Chung-Ping Region, Beijing, China
           -----------------------------------------------------------
                    (Address of principal executive offices)

                                 86-10-697-56542
                          -----------------------------
                            (Issuer telephone number)

                                Ibonzai.com, Inc.
                       6975 South Union Park Center, #600
                                Midvale, UT 84047
                  --------------------------------------------
                             Former Name and Address



Item 5.   Other Events.

     Ibonzai.com,  Inc.  was  incorporated  on December 31, 2001 in the State of
Nevada as a wholly-owned subsidiary of Ibonzai.com, Inc. a Delaware corporation.
On January 10,  2002,  Ibonzai.com,  Inc.  was merged into  Ibonzai.com,  Inc. a
Nevada corporation being the surviving entity.  Prior to the merger,  there were
14,656,000   shares  of  Ibonzai.com,   Inc.  Upon  completion  of  the  merger,
shareholders  of  Ibonzai.com,  Inc.  was  entitled  to  exchange  one  share of
Ibonzai.com,  Inc.  for one share of  Ibonzi.com,  Inc.  On  January  15,  2002,
Ibonzai.com,  Inc.  changed  its  name to China  Global  Development,  Inc.  and
effected a 1:25  reverse  stock  split with the  capitalization  re-authorizing
100,000,000  shares  of common  stock  having a par value of $.001 per share and
10,000,000 shares of preferred stock having a par value of $.001 per share.

     As of Monday,  January 28, 2002,  the  Registrant's  new trading  symbol is
CGDP.  In  addition,  the  following  individuals  became the new  officers  and
directors of the Registrant: Bao-Hua Zheng-Chairman and Chief Executive Officer,
Yu Chen Zhang-Vice Chairman and Vice President and Baldwin Yung-Chief  Financial
Officer and director. The following individuals resigned from their positions as
follows:

Chen Hong-En, VP of Beijing Mingtal Construction Engineering Corp. Ltd.
Zhao Hang, VP of Beijing Yanhong Real Estate Development Corp. Ltd.
Xiao Xiao Fen, VP of Beijing Yong-An Construction & Elec. Engineering Corp. Ltd.
Xu Guo Rul, VP of Jinzhou Baodi Construction Group Corporation

Item 7.   Financial Statements and Exhibits.

     Exhibits:

     2.1  Articles of Merger
     3.1  Articles of Incorporation
     3.2  Certificate of Amendment
     3.3  Certificate of Correction to Certificate of Amendment
     3.4  By-laws

                                   Signatures

     Pursuant to the  requirement  of the  Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                                CHINA GLOBAL DEVELOPMENT, INC.

     January 30, 2002
                                                 /s/ Bau-Hua Zheng
                                               ---------------------------------
                                               Bau-Hua Zheng
                                               Chief Executive Officer