CHINA GATEWAY HOLDINGS INC
10QSB, EX-27, 2000-08-21
PAPER & PAPER PRODUCTS
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<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
This  schedule  contains  summary  financial  information  extracted  from  the
unaudited consolidated financial statements included in the Company's Quarterly
Report  on  Form  10-QSB  for  the quarterly period ended June 30, 2000, and is
qualified in its entirety by reference to  such  financial statements.
</LEGEND>
<MULTIPLIER> 1
<CURRENCY> Chinese Renminbi

<S>                                     <C>
<PERIOD-TYPE>                           6-MOS
<FISCAL-YEAR-END>                       DEC-31-2000
<PERIOD-START>                          JAN-01-2000
<PERIOD-END>                            JUN-30-2000
<EXCHANGE-RATE>                             .12048
<CASH>                                     183,187
<SECURITIES>                                     0
<RECEIVABLES>                           22,990,410
<ALLOWANCES>                                     0
<INVENTORY>                              5,851,778
<CURRENT-ASSETS>                        43,995,345
<PP&E>                                   5,592,912
<DEPRECIATION>                                   0
<TOTAL-ASSETS>                          49,685,718
<CURRENT-LIABILITIES>                   23,545,320
<BONDS>                                          0
                            0
                                      0
<COMMON>                                     3,568
<OTHER-SE>                              15,612,318
<TOTAL-LIABILITY-AND-EQUITY>            49,685,718
<SALES>                                 31,810,761
<TOTAL-REVENUES>                        31,810,761
<CGS>                                   28,297,309
<TOTAL-COSTS>                           28,297,309
<OTHER-EXPENSES>                                 0
<LOSS-PROVISION>                                 0
<INTEREST-EXPENSE>                          63,644
<INCOME-PRETAX>                         (2,884,560)
<INCOME-TAX>                                     0
<INCOME-CONTINUING>                     (1,350,154)
<DISCONTINUED>                                   0
<EXTRAORDINARY>                                  0
<CHANGES>                                        0
<NET-INCOME>                            (1,350,154)
<EPS-BASIC>                                 (.31)
<EPS-DILUTED>                                 (.31)


</TABLE>


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