----

| [ X ] | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-------|-----------------------------------------------------------------------------------------|

| [   ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|----------------------|------------------------------------------------------------------------------------------|

| Nevada(State or other jurisdiction ofincorporation or organization)  | 87-0450232(IRS Employer Identification No.)  |
|---------------------------------------------------------------------------|---------------------------------------------------|

----

|     |                                                                                                                | Page  |
|----------|---------------------------------------------------------------------------------------------------------------------|------------|
| PART I.  | Item 1.  Financial Information                                                                       | 3          |
|     | Balance Sheet as of March 31, 2011 andDecember 31, 2010 (Unaudited)                                            | 3          |
|     | Statements of Operations for the Three-MonthPeriods Ended March 31, 2011 and 2010 (Unaudited)                  | 4          |
|     | Statements of Cash Flows for the Three-Month PeriodsEnded March 31, 2011 and 2010 (Unaudited)                  | 5          |
|     | Notes to the Financial Statements (Unaudited)                                                                  | 6          |
|     | Item 2.  Management’s Discussion and Analysis ofFinancial Condition and Results of Operations  | 16         |
|     | Item 3.  Quantitative and Qualitative DisclosuresAbout Market Risk                                   | 18         |
|     | Item 4.  Controls and Procedures                                                                     | 18         |
| PART II. | Other Information                                                                                              |       |
|     | Item 5.  Exhibits                                                                                    | 18         |
|     | Signatures                                                                                                          |  19   |

----

| GREAT CHINA INTERNATIONAL HOLDINGS, INC. AND SUBSIDIARIES                                      |
|------------------------------------------------------------------------------------------------|
| CONSOLIDATED BALANCE SHEETS                                                                    |
| AS OF MARCH 31, 2011 AND DECEMBR 31, 2010                                                      |
| (UNAUDITED)                                                                                    |
|                                                                                           |   |   |   |   |   |   |   |   |
|                                                                                           |   |   |   |  March 31, 2011 |   |  December 31, 2010 |
|                                                                                           |   |   |   |   |   |   |   |   |
| ASSETS                                                                                         |
|                                                                                           |   |   |   |   |   |   |   |   |
| Current assets:                                                                                |   |   |   |   |   |
|                                                                                           | Cash and cash equivalents | $ |             7,424,774 |   | $ |              9,584,071 |
|                                                                                           | Accounts receivable, net |   |                      7,358 |   |   |                     17,816 |
|                                                                                           | Prepayments and other current assets, net |   |                  232,066 |   |   |                   195,436 |
|                                                                                           |   |   |   |   |   |   |   |   |
|                                                                                           |   |   | Total current assets |   |               7,664,198 |   |   |                9,797,323 |
|                                                                                           |   |   |   |   |   |   |   |   |
| Long-term loan receivable                                                                      |   |             2,290,671 |   |   |                          - |
| Property and equipment, net                                                                    |   |                  376,759 |   |   |                  1,133,641 |
| Rental property, net                                                                           |   |             49,800,297 |   |   |                49,436,381 |
| Total assets                                                                                   | $ |           60,131,925 |   | $ |            60,367,345 |
|                                                                                           |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                           |
|                                                                                           |   |   |   |   |   |   |   |   |
| Current liabilities:                                                                           |   |   |   |   |   |
|                                                                                           | Bank loans | $ |           20,127,361 |   | $ |            19,969,697 |
|                                                                                           | Accounts payable |   |               4,216,952 |   |   |                4,184,672 |
|                                                                                           | Accrued expenses |   |                  265,481 |   |   |                   172,059 |
|                                                                                           | Other payable |   |               2,039,143 |   |   |                2,047,904 |
|                                                                                           | Payable to disposed subsidiaries |   |                  801,956 |   |   |                   795,674 |
|                                                                                           | Advances from tenants |   |               1,234,164 |   |   |                1,263,290 |
|                                                                                           | Taxes payable |   |               9,222,027 |   |   |                9,191,984 |
|                                                                                           |   |   |   |   |   |   |   |   |
| Total liabilities                                                                              |   | 37,907,084 |   |   | 37,625,280 |
|                                                                                           |   |   |   |   |   |   |   |   |
| Stockholders' equity:                                                                          |   |   |   |   |   |
|                                                                                           | Common stock,  $.001 par value 50,000,000 shares |   |   |   |   |   |
|                                                                                           |   authorized, 11,759,966  issued and outstanding |   |   |   |   |   |
|                                                                                           |   as of March 31, 2011 and Dec. 31,2010 |   |                    11,760 |   |   |                     11,760 |
|                                                                                           | Additional paid in capital |   |               4,566,156 |   |   |                4,566,156 |
|                                                                                           | Statutory reserve |   |                  638,128 |   |   |                   638,128 |
|                                                                                           | Accumulated other comprehensive income |   |               3,181,188 |   |   |                2,964,637 |
|                                                                                           | Retained earnings |   |             13,827,609 |   |   |              14,561,384 |
| Total stockholders' equity                                                                     |   |             22,224,841 |   |   |              22,742,065 |
|                                                                                           |   |   |   |   |   |   |   |   |
| Total liabilities and stockholders' equity                                                     | $ |           60,131,925 |   | $ |            60,367,345 |
|                                                                                           |   |   |   |   |   |   |   |   |
| The accompanying notes are integral part of these unaudited consolidated financial statements. |

----

| GREAT CHINA INTERNATIONAL HOLDINGS, INC. AND SUBSIDIARIES                                      |
|------------------------------------------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME/(LOSS)                    |
|  FOR THE THREE MONTH PERIODS ENDED MARCH 31, 2011 AND 2010                                |
| (UNAUDITED)                                                                                    |
|                                                                                           |   |   |
|                                                                                           |   | For the Three Months Ended March 31, |
|                                                                                           |   |  2011 |   |  2010 |
|                                                                                           |   |   |   |   |   |   |
| Revenues                                                                                       |   |   |   |   |   |
|                                                                                           | Real estate sales | $ |                               -  |   | $ |                      243,628 |
|                                                                                           | Rental income |   | 1,227,374  |   |   | 1,088,111 |
|                                                                                           | Management fee income |   | 484,530  |   |   | 458,611 |
|                                                                                           |         Total revenues |   | 1,711,903  |   |   | 1,790,350 |
|                                                                                           |   |   |   |   |   |   |
| Cost of revenues                                                                               |   |   |   |   |   |
|                                                                                           | Real estate cost |   | -  |   |   | 233,834 |
|                                                                                           | Rental cost |   | 1,006,297  |   |   | 966,727 |
|                                                                                           | Management fee cost |   | 572,502  |   |   | 349,696 |
|                                                                                           | Total cost |   | 1,578,799  |   |   | 1,550,257 |
|                                                                                           |        Gross profit |   | 133,104  |   |   | 240,093 |
|                                                                                           |   |   |   |   |   |   |
| Operation expenses                                                                             |   |   |   |   |   |
|                                                                                           | Selling expenses |   | 17,872  |   |   | 19,174 |
|                                                                                           | General and administrative expenses |   | 666,974  |   |   | 542,119 |
|                                                                                           | Depreciation and amortization |   | 21,532  |   |   | 46,941 |
|                                                                                           |        Total operation expenses |   | 706,378  |   |   | 608,234 |
|                                                                                           |   |   |   |   |   |   |
| Loss from operations                                                                           |   | (573,274) |   |   | (368,141) |
|                                                                                           |   |   |   |   |   |   |
| Other income (expense)                                                                         |   |   |   |   |   |
|                                                                                           | Use rights in parking lots transferred |   | 281,069  |   |   |                                   - |
|                                                                                           | Other income, net |   | 51,169  |   |   | 33,775 |
|                                                                                           | Interest and finance costs |   | (492,740) |   |   | (478,378) |
|                                                                                           |       Total other expense, net |   | (160,502) |   |   | (444,603) |
|                                                                                           |   |   |   |   |   |   |
| Net loss                                                                                  |   | (733,775) |   |   | (812,744) |
|                                                                                           |   |   |   |   |   |   |
| Other comprehensive income (loss):                                                             |   |   |   |   |   |
|                                                                                           | Foreign currency translation adjustment |   | 216,551  |   |   | 35,113 |
|                                                                                           |   |   |   |   |   |   |
| Comprehensive loss                                                                        | $ |                     (517,224) |   | $  |                   (777,631) |
|                                                                                           |   |   |   |   |   |   |
| Net loss per share                                                                        |   |   |   |   |   |
|                                                                                           |  Basic | $ |                          (0.04) |   | $ |                         (0.07) |
|                                                                                           |  Diluted | $ |                          (0.04) |   | $ |                         (0.07) |
|                                                                                           |   |   |   |   |   |   |
| Weighted average number of shares outstanding                                                  |   |   |   |   |   |
|                                                                                           |   |   |   |   |   |   |
|                                                                                           |  Basic |   | 11,759,966  |   |   | 11,759,966 |
|                                                                                           |  Diluted |   | 11,759,966  |   |   | 11,759,966 |
|                                                                                           |   |   |   |   |   |   |
| The accompanying notes are integral part of these unaudited consolidated financial statements. |

----

| GREAT CHINA INTERNATIONAL HOLDINGS, INC. AND SUBSIDIARIES       |
|-----------------------------------------------------------------|
| CONSOLIDATED STATEMENTS OF CASH FLOWS                           |
|  FOR THE THREE MONTH PERIODS ENDED MARCH 31, 2011 AND 2010 |
| (UNAUDITED)                                                     |

|                                                                                           |                                     |  For the Three Months Ended March 31, |
|------------------------------------------------------------------------------------------------|------------------------------------------|--------------------------------------------|
|                                                                                           |                                     |  2011                                 |   |  2010 |
|                                                                                           |                                     |                                       |   |   |   |   |
| Cash flows from operating activities:                                                          |                                     |                                       |   |   |   |
| Net loss                                                                                  | $                                        | (733,775)                                  |   | $ | (812,744) |
| Adjustments to reconcile net income (loss) to operating activities -                           |                                     |                                       |   |   |   |
| net cash provided by operating activities                                                      |                                     |                                       |   |   |   |
|                                                                                           | Depreciation and amortization            |                                       | 777,290  |   |   | 771,045  |
|                                                                                           | Provision for doubtful accounts     |                                       | 32,818  |   |   | 39,621  |
| (Increase)/decrease in current assets:                                                         |                                     |                                       |   |   |   |
|                                                                                           | Accounts receivable and other receivable |                                       | (46,695) |   |   | (253,788) |
|                                                                                           | Advances to suppliers                    |                                       |                          -  |   |   | (4,394) |
|                                                                                           | Properties held for resale               |                                       |                          -  |   |   | 309,176  |
| Increase/(decrease) in current liabilities:                                                    |                                     |                                       |   |   |   |
|                                                                                           | Accounts payable and accrued expenses    |                                       | 68,767  |   |   | 127,038  |
|                                                                                           | Advances from buyers                     |                                       | (38,921) |   |   | (131,605) |
|                                                                                           | Income and other taxes payable           |                                       | (2,641) |   |   | 23,350  |
|                                                                                           |                                     |                                       |   |   |   |   |
| Net cash provided by operating activities                                                      |                                     | (56,842)                                   |   |   | 67,700  |
|                                                                                           |                                     |                                       |   |   |   |   |
| Cash flows from investing activities:                                                          |                                     |                                       |   |   |   |
|                                                                                           | Purchases of property & equipment    |                                       | (1,473) |   |   | (4,634) |
|                                                                                           |                                     |                                       |   |   |   |   |
| Cash flows from financing activities:                                                          |                                     |                                       |   |   |   |
|                                                                                           | Loan to a third party                    |                                       | (2,290,671) |   |   |   |
|                                                                                           |                                     |                                       |   |   |   |
| Net cash used in financing activities                                                          |                                     | (2,290,671)                                |   |   |                           -  |
|                                                                                           |                                     |                                       |   |   |   |   |
| Effect of exchange differences                                                                 |                                     | 76,005                                |   |   | 34,688  |
|                                                                                           |                                     |                                       |   |   |   |   |
| Net (decrease) increase in cash and cash equivalents                            |                                     | (2,159,296)                                |   |   | 97,754  |
|                                                                                           |                                     |                                       |   |   |   |   |
| Cash and cash equivalents, beginning of period                                                 |                                     | 9,584,071                             |   |   | 9,933,271  |
|                                                                                           |                                     |                                       |   |   |   |   |
| Cash and cash equivalents, end of period                                                       | $                                        | 7,424,774                             |   | $ | 10,031,025  |
|                                                                                           |                                     |                                       |   |   |   |   |
| Supplemental disclosures of cash flow information:                                             |                                     |                                       |   |   |   |
|                                                                                           | Interest paid                            | $                                          | 380,869  |   | $ | 477,969  |
|                                                                                           |                                     |                                       |   |   |   |   |
|                                                                                           | Income taxes                             | $                                          |                           -  |   | $ |                           -  |
|                                                                                           |                                     |                                       |   |   |   |   |
| The accompanying notes are integral part of these unaudited consolidated financial statements. |

----

----

| Buildings                     | 8-26 years |
|-------------------------------|------------|
| Equipment                     | 5 years    |
| Automobile                    | 5 years    |
| Office furniture and fixtures | 5 years    |

|                                   | March 31, 2011 |            | December 31, 2010 |
|----------------------------------------|----------------|-----------------|-------------------|
| Building                          | $              | 14,981     |              | $ | 1,119,091  |
| Automobile                        |           | 1,124,551  |              |   | 1,115,742  |
| Office equipment & Furniture  |           | 534,557    |              |   | 530,178  |
|                                   |           |            |              |
|                              |           | 1,674,089  |              |   | 2,765,011  |
|                                   |
| Accumulated depreciation          |           | (1,297,330)     |              |   | (1,631,370) |
|                                   |           |            |              |
| Property and equipment, net       | $              | 376,759    |              | $ | 1,133,641  |

----

----

----

|                        | March 31, 2011 |    | December 31, 2010 |
|-----------------------------|----------------|---------|-------------------|
| Payroll and welfare payable | $              | 109,309 |              | $ | 108,502 |
|  Accrued expenses      |           | 156,172 |              |   | 63,557 |
| Total                       | $              | 265,481 |              | $ | 172,059 |

|                                     | March 31, 2011 |                                                                                                               | December 31, 2010 |
|------------------------------------------|----------------|--------------------------------------------------------------------------------------------------------------------|-------------------|
| Customer guarantee deposit               | $              |              1,173,444                            |              | $ |              1,086,931 |
| Customer deposit for property decoration |           |                   18,150 |              |   |                   16,341 |
| Miscellaneous payable                    |           | 847,549                                                                                                            |              |   |                 944,632 |
| Total                                    | $              |              2,039,143                            |              | $ |              2,047,904 |

|                                 | March 31, 2011 |      | December 31, 2010 |
|--------------------------------------|----------------|-----------|-------------------|
| Income tax payable in Mainland China | $              | 1,170,442 |              | $ | 1,161,273 |
| Income tax payable in Hong Kong      |           | 5,049,321 |              |   | 5,049,321 |
| Business tax                         |           | 648,918   |              |   | 644,878 |
| Land VAT payable                     |           | 2,293,088 |              |   | 2,273,503 |
| Other levies                         |           | 60,258    |              |   | 63,009 |
| Total                                | $              | 9,222,027 |              | $ | 9,191,984 |

----

| Nature    | Due on     | Interest per Annum |   | March 31, 2011 |
|-----------|------------|--------------------|--------|----------------|
| Bank loan | 10-13-2011 | 10.395%            |   | $              | 14,018,906 |
| Bank loan | 6-12-2011  | 8.775%             |   |           | 6,108,455 |
| Total     |       |               |   | $              | 20,127,361 |

| Nature    | Due on     | Interest per Annum |   | December 31, 2010 |
|-----------|------------|--------------------|--------|-------------------|
| Bank loan | 10-13-2011 | 10.395%            |   | $            | 13,909,091 |
| Bank loan | 6-12-2011  | 8.775%             |   |              | 6,060,606 |
| Total     |       |               |   | $            | 19,969,697 |

|   | i.     | Making up cumulative prior years’ losses, if any;                                                                                                                                                                                                                                                                                                                                                                 |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | ii.    | Allocations to the “Statutory Surplus Reserve” of at least 10% of income after tax, as determined under PRC accounting rules and regulations, until the fund amounts to 50% of the Company’s registered capital;                                                                                                                                                                                      |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | iii.   | Allocations of 5% to 10% of income after tax, as determined under PRC accounting rules and regulations, to the Company’s “Statutory Common Welfare Fund”, which is established for the purpose of providing employee facilities and other collective benefits to the Company’s employees; and statutory common welfare fund is no longer required per the new cooperation law executed in 2006. |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | iv.    | Allocations to the discretionary surplus reserve, if approved in the stockholders’ general meeting.                                                                                                                                                                                                                                                                                                               |

----

|                                     | For the Three Months Ended March 31, |
|------------------------------------------|--------------------------------------|
|                                     | 2011                                 |   | 2010 |
| US current income tax expense (benefit)  |                                 |   |   |   |   |
| Federal                                  | $                                    | - |   | $ | - |
| State                                    |                                 | - |   |   | - |
| HK current income tax expense            |                                 | - |   |   | - |
| PRC current income tax expense (benefit) |                                 | - |   |   | -  |
| Total provision for income tax           | $                                    | - |   | $ | -  |

|                                             |  March 31, 2011 | March 31, 2010 |
|--------------------------------------------------|----------------------|----------------|
| Tax expense (credit) at statutory rate - federal | 35%                  | 35%            |
| State tax expense net of federal tax             | 0%                   | 0%             |
| Changes in valuation allowance                   | (35%)                | (35%)          |
| Foreign income tax - HK                          | 16.5%                | 16.5%          |
| Valuation allowance                              | (16.5%)              | (16.5%)        |
| Foreign income tax expense - PRC                 | 25%                  | 25%            |
| Tax expense at actual tax rate                   | 25%                  | 25%            |

|                             | March 31, 2011 |                                                                                                          | December 31, 2010 |
|----------------------------------|----------------|---------------------------------------------------------------------------------------------------------------|-------------------|
| Net operation loss carry forward | $              | (700,331)                                                                                                     |              | $ | (696,357) |
| Total deferred tax assets        |           | 245,116                                                                                                  |              |   | 243,725  |
| Less: valuation allowance        |           | (245,116)                                                                                                     |              |   | (243,725) |
| Net deferred tax assets          |      |                  -  |              |   |                  -  |
| Change in valuation allowance    | $              | (1,391)                                                                                                       |              | $ | (38,786) |

----

|                             | March 31, 2011 |                                                                                                                      | December 31, 2010 |
|----------------------------------|----------------|---------------------------------------------------------------------------------------------------------------------------|-------------------|
| Net operation loss carry forward | $              | (153,514)                                                                                                                 |              | $ | (151,758) |
| Total deferred tax assets        |           | 25,330                                                                                                               |              |   | 25,040  |
| Less: valuation allowance        |           | (25,330)                                                                                                                  |              |   | (25,040) |
| Net deferred tax assets          |      |                    -  |              |   |                    -  |
| Change in valuation allowance    | $              | (290)                                                                                                                     |              | $ | (648) |

|                        | March 31, 2011 |                                                                                                                      | December 31, 2010 |
|----------------------------------|----------------|---------------------------------------------------------------------------------------------------------------------------|-------------------|
| Net operation loss carry forward | $              | (8,670,992)                                                                                                               |              | $ | (7,942,947) |
| Total deferred tax assets        |           | 2,167,748                                                                                                            |              |   | 1,985,737  |
| Less: valuation allowance        |           | (2,167,748)                                                                                                               |              |   | (1,985,737) |
| Net deferred tax assets          |      |                    -  |              |   |                    -  |
| Change in valuation allowance    | $              | (182,011)                                                                                                                 |              | $ | (762,862) |

|                          | March 31, 2011 |            | December 31, 2010 |
|-------------------------------|----------------|-----------------|-------------------|
| Aggregate                     |      |            |              |    |   |
| Total deferred tax assets     | $              | 2,438,194  |              | $ | 2,254,502  |
| Less: valuation allowance     |           | (2,438,194)     |              |   | (2,254,502) |
| Change in valuation allowance | $              | (183,692)       |              | $ | (802,296) |

----

|                                        |                                     |               |                                                                                                                                                                                        |  March 31, 2011                                                                                                      |                                                                                                                                                                                        | March 31, 2010                                                                                                        |
|---------------------------------------------|------------------------------------------|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|
|  Revenues from unaffiliated customers: |                                     |               |                                                                                                                                                                                        |                                                                                                                      |
|                                        |  Selling of properties              | $                  |                              -             | $                                                                                                                         | 243,628                                                                                                                                                                                     |
|                                        |  Rental income & Management fee |               | 1,711,903                                                                                                                                                                                   |                                                                                                                      | 1,546,722                                                                                                                                                                                   |
|                                        |                                     |  Consolidated | $                                                                                                                                                                                           |                 1,711,903                 | $                                                                                                                                                                                           | 1,790,350                                                                                                             |
|  Operating income (loss):              |                                     |               |                                                                                                                                                                                        |                                                                                                                      |
|                                        |  Selling of properties              | $                  | (52,118)                                                                                                                                                                                    | $                                                                                                                         | (73,396)                                                                                                                                                                                    |
|                                        |  Rental income & Management fee |               | 13,973                                                                                                                                                                                      |                                                                                                                      | 75,263                                                                                                                                                                                      |
|                                        |  Corporation (1)                    |               | (535,129)                                                                                                                                                                                   |                                                                                                                      | (370,008)                                                                                                                                                                                   |
|                                        |                                     |  Consolidated | $                                                                                                                                                                                           | (573,274)                                                                                                                 | $                                                                                                                                                                                           | (368,141)                                                                                                             |
|  Net income (loss) before taxes:       |                                     |               |                                                                                                                                                                                        |                                                                                                                      |
|                                        |  Selling of properties              | $                  | (544,859)                                                                                                                                                                                   | $                                                                                                                         | (551,774)                                                                                                                                                                                   |
|                                        |  Rental income & Management fee |               |                      13,973                                                        |                                                                                                                      | 75,263                                                                                                                                                                                      |
|                                        |  Corporation (1)                    |               | (202,890)                                                                                                                                                                                   |                                                                                                                      | (336,233)                                                                                                                                                                                   |
|                                        |                                     |  Consolidated | $                                                                                                                                                                                           |                  (733,775)           | $                                                                                                                                                                                           |                   (812,744) |
|  Identifiable assets:                  |                                     |               |                                                                                                                                                                                        |                                                                                                                      |
|                                        |                                     |               |                                                                                                                                                                                        |                                                                                                                      |                                                                                                                                                                                        |
|                                        |  Selling of properties              | $                  |                        1,982                                             | $                                                                                                                         | 125                                                                                                                                                                                         |
|                                        |  Rental & management fee        |               | 50,761,960                                                                                                                                                                                  |                                                                                                                      | 51,197,464                                                                                                                                                                                  |
|                                        |  Corporation (1)                    |               | 9,367,983                                                                                                                                                                                   |                                                                                                                      | 11,764,668                                                                                                                                                                                  |
|                                        |                                     |  Consolidated | $                                                                                                                                                                                           |               60,131,925                            | $                                                                                                                                                                                           |                 62,962,257            |
|  Depreciation and amortization:        |                                     |               |                                                                                                                                                                                        |                                                                                                                      |
|                                        |  Selling of properties              | $                  |                      32,910                                                        | $                                                                                                                         | 41,172                                                                                                                                                                                      |
|                                        |  Rental & management fee        |               | 754,792                                                                                                                                                                                     |                                                                                                                      | 724,106                                                                                                                                                                                     |
|                                        |  Corporation (1)                    |               | 5,038                                                                                                                                                                                       |                                                                                                                      | 5,769                                                                                                                                                                                       |
|                                        |                                     |  Consolidated | $                                                                                                                                                                                           |                    792,740 | $                                                                                                                                                                                           | 771,047                                                                                                               |
|  Capital expenditures:                 |                                     |               |                                                                                                                                                                                        |                                                                                                                      |
|                                        |  Selling of properties              | $                  |                                - | $                                                                                                                         |                                - |
|                                        |  Rental & management fee        |               |   -                                                                                                                                                                                    |                                                                                                                      | (4,634)                                                                                                                                                                                     |
|                                        |  Corporation (1)                    |               | 1,159                                                                                                                                                                                       |                                                                                                                      | -                                                                                                                                                                                           |
|                                        |                                     |  Consolidated | $                                                                                                                                                                                           | 1,159                                                                                                                     | $                                                                                                                                                                                           | (4,634)                                                                                                               |

----

----

----

|   | The following table was a summary of the Company’s contractual obligations as of March 31, 2011: |
|--------|--------------------------------------------------------------------------------------------------------|

|                               |   | Total      |   | Less thanone year |   | 1-3 Years |   | Thereafter |
|------------------------------------|--------|------------|--------|-------------------|--------|-----------|--------|------------|
| Short-Term Debt                    | $      | 20,127,361 | $      | 20,127,361        | $      | -         | $      | -          |
| Long-Term Debt                     |   |       |   |              |   | -         |   | -          |
| Amounts due to related parties     |   | -          |   | -                 |   | -         |   | -          |
| Construction commitments           |   | -          |   | -                 |   | -         |   | -          |
| Total Contractual Cash Obligations | $      | 20,127,361 | $      | 20,127,361        | $      | -         | $      | -          |

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| ExhibitNo.  | SEC Ref.No. | Title of Document                                                                                          |
|------------------|-------------|------------------------------------------------------------------------------------------------------------|
| 31.1             | 31          | The certification of chief executive officer required by  Rule 13a-14(a) or Rule 15d-14(a)  |
| 31.2             | 31          | The certification of chief financial officer required by  Rule 13a-14(a) or Rule 15d-14(a)  |
| 32.1             | 32          | The certifications required by Rule 13a-14(b) or  Rule 15d-14(b) and 18 U.S.C. Section 1350      |

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|               |                                     |                                         |
|--------------------|------------------------------------------|----------------------------------------------|
|               | GREAT CHINA INTERNATIONAL HOLDINGS, INC. |
|               |                                     |
|               |                                     |                                         |
|               |                                     |                                         |
| Date: May 16, 2011 | By                                       |   /s/ Jiang Peng                   |
|               |                                     | Jiang Peng, Chairman of the Board            |
|               |                                     | (Principal Executive Officer)                |
|               |                                     |                                         |
|               |                                     |                                         |
|               |                                     |                                         |
| Date: May 16, 2011 | By                                       |   /s/ Sun Dongqing                 |
|               |                                     | Sun Dongqing, Chief Financial Officer        |
|               |                                     | (Principal Financial and Accounting Officer) |

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