**U.S.
      Securities and Exchange Commission**


**Washington,
      D.C. 20549**












**FORM
      10-QSB**










**[X]**
            **Quarterly
                Report Under Section 13 or 15(d) of The Securities Exchange Act of
                1934
                for the Quarterly Period Ended September 30,
                2007**





**[
                 ]**
            **Transition
                Report Under Section 13 or 15(d) of The Securities Exchange Act of
                1934
                for the Transition Period from _______ to
                _______**





**Commission
      File Number: 1-10559**







**China
      International Tourism Holdings, Ltd.**


**F/K/A
      DARK DYNAMITE, INC.**


(Exact
      name of small business issuer as specified in its charter)







**Nevada**
            **65-1021346**(State
                or other jurisdiction of
            (IRS
                Employer Identification No.)incorporation
                or organization)




**E
      Pang Gong Site, 44 Hong Guang Road, Xi An, P.R. China
      710068**


(Address
      of principal executive offices)





**(
      8629 ) 8436-8561**


(Issuer's
      telephone number)










Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the past 12 months (or for such shorter period
      that the registrant was required to file such reports), and (2) has been subject
      to such filing requirements for the past 90 days.




Yes
                [x]
            
            
            No
                [  ]





Indicate
      by check mark whether the registrant is a shell company (as defined in rule
      12b-2 of the exchange act). Yes [ ] No [X]





Number
      of
      shares of common stock outstanding as of November 12, 2007: 
48,591,809


Number
      of
      shares of preferred stock outstanding as of November 12,
      2007:   3,295,000









*Table
          of Contents*




**CAUTIONARY
      STATEMENT REGARDING FORWARD LOOKING INFORMATION**




The
      discussion contained in this 10-QSB under the Securities Exchange Act of 1934,
      as amended, contains forward-looking statements that involve risks and
      uncertainties. The issuer's actual results could differ significantly from
      those
      discussed herein. These include statements about our expectations, beliefs,
      intentions or strategies for the future, which we indicate by words or phrases
      such as "anticipate," "expect," "intend," "plan," "will," "we believe," "the
      Company believes," "management believes" and similar language, including those
      set forth in the discussions under "Notes to Financial Statements" and
      "Management's Discussion and Analysis or Plan of Operation" as well as those
      discussed elsewhere in this Form 10-QSB. We base our forward-looking statements
      on information currently available to us, and we assume no obligation to update
      them. Statements contained in this Form 10-QSB that are not historical facts
      are
      forward-looking statements that are subject to the "safe harbor" created by
      the
      Private Securities Litigation Reform Act of 1995.




2




**TABLE
                OF CONTENTS****PART
                I. FINANCIAL INFORMATION**ITEM
                1. FINANCIAL STATEMENTS
            4ITEM
                2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
                RESULTS
                OF OPERATION
            15ITEM
                3. CONTROLS AND PROCEDURES
            19**PART
                II. OTHER INFORMATION**ITEM
                1. LEGAL PROCEEDINGS
            19ITEM
                2. CHANGES IN SECURITIES AND USE OF PROCEEDS
            20ITEM
                3. DEFAULTS UPON SENIOR SECURITIES
            20ITEM
                4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
            20ITEM
                5. OTHER INFORMATION
            20ITEM
                6. EXHIBITS AND REPORTS ON FORM 8-K
            20SIGNATURES
            21INDEX
                TO EXHIBITS
            22




3
 *Table
          of Contents*




**ITEM
      1.** **FINANCIAL STA****TEMENTS**







**INDEX
                TO CONSOLIDATED FINANCIAL STATEMENTS****(UNAUDITED)****Page**Unaudited
                Consolidated Balance Sheet - September 30, 2007
            5Unaudited
                Consolidated Statements of Operations and Comprehensive Income - For
                the Three and Nine Months Ended September 30, 2007 and
                2006
            6Unaudited
                Consolidated Statements of Cash Flows - For the Nine Months Ended
                September 30, 2007 and 2006
            7Notes
                to Unaudited Consolidated Financial Statements
            8-14




4
 *Table
          of Contents*




**CHINA
                  INTERNATIONAL TOURISM HOLDINGS, LTD., AND
                  SUBSIDIARY****F/K/A
                  DARK DYNAMITE INC.****Unaudited
                  Consolidated Balance Sheet****As
                  of September 30, 2007****ASSETS****CURRENT
                  ASSETS**Cash
                  and cash equivalents
              
              $
              8,301Accounts
                  receivable
              
              
              8,118Inventory
              
              
              14,844Prepaid
                  expenses
              
              
              40,611TOTAL
                  CURRENT ASSETS
              
              
              71,874**FIXED
                  ASSETS**Property,
                  plant, and equipment
              
              
              646,420Accumulated
                  depreciation
              
              
              (225,567
              )NET
                  FIXED ASSETS
              
              
              420,853**TOTAL
                  ASSETS**
              
              $
              492,727**LIABILITIES
                  AND STOCKHOLDERS' EQUITY****CURRENT
                  LIABILITIES**Accounts
                  payable and accrued liabilities
              
              $
              253,552Due
                  to shareholder
              
              
              19,941Other
                  payable
              
              
              26,273TOTAL
                  CURRENT LIABILITIES
              
              
              299,765**TOTAL
                  LIABILITIES**
              
              
              299,765**COMMITMENTS
                  AND CONTINGENCIES**Redeemable
                  preferred stock (par value $.01,
              
              
              32,9505,000,000
                  shares authorized, 3,295,000 sharesissued
                  and outstanding**STOCKHOLDERS'
                  EQUITY**Common
                  stock (par $.0001, 250,000,000
              
              
              4,860authorized,
                  48,591,809 issued and outstandingPaid
                  in capital
              
              
              3,792,895Accumulated
                  other comprehensive income
              
              
              (1,362
              )Retained
                  (deficit)
              
              
              (3,636,381
              )**TOTAL
                  STOCKHOLDERS' EQUITY**
              
              
              160,012**TOTAL
                  LIABILITIES AND STOCKHOLDERS' EQUITY**
              
              $
              492,727The
                  accompanying notes are an integral part of these financial
                  statements.




5
 *Table
          of Contents*




**CHINA
                  INTERNATIONAL TOURISM HOLDINGS, LTD., AND
                  SUBSIDIARY****F/K/A
                  DARK DYNAMITE INC.****Unaudited
                  Consolidated Statement of Operations****For
                  the three and nine months ended September 30, 2007 and
                  2006**
 
 Three
                  months ended September 30,
              
              
              Nine
                  months ended September 30,2007
              
              
              2006
              
              
              2007
              
              
              2006**Revenues**Sales
              
              $
              126,184
              
              
              $
              200,753
              
              
              $
              423,737
              
              
              $
              701,958Cost
                of sales
              
              
              28,217
              
              
              
              40,139
              
              
              
              91,346
              
              
              
              125,020Gross
                profits
              
              
              97,967
              
              
              
              160,614
              
              
              
              332,391
              
              
              
              576,938**Operating
                  expenses**Selling,
                general and administrative
              
              
              181,044
              
              
              
              157,162
              
              
              
              536,045
              
              
              
              537,431Taxes
                expenses
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -**Total
                  Operating Expenses**
              
              
              181,044
              
              
              
              157,162
              
              
              
              536,045
              
              
              
              537,431**Income
                  (Loss) from Operations**
              
              
              (83,077
              )
              
              
              3,452
              
              
              
              (203,654
              )
              
              
              39,507**Other
                  income (expenses)**Debt
                forgiven
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -Finance
                costs
              
              
              (4
              )
              
              
              (95
              )
              
              
              (69
              )
              
              
              63Other
                income (expense)
              
              
              (528
              )
              
              
              291
              
              
              
              (410
              )
              
              
              184**Total
                  other income (loss)**
              
              
              (532
              )
              
              
              196
              
              
              
              (479
              )
              
              
              247**Income
                  (loss) from Operations**
              
              
              (83,609
              )
              
              
              3,648
              
              
              
              (204,133
              )
              
              
              39,754**Income
                  taxes**
              
              
              -
              
              
              
              3,208
              
              
              
              -
              
              
              
              15,499**Income
                  after income taxes**
              
              
              (83,609
              )
              
              
              440
              
              
              
              (204,133
              )
              
              
              24,255**Gain
                  on disposal of Subsidiary**
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              27,322**Net
                  Income (Loss)**
              
              
              (83,609
              )
              
              
              440
              
              
              
              (204,133
              )
              
              
              51,577**Other
                  comprehensive income (loss)**Foreign
                currency translation gain (loss)
              
              
              161
              
              
              
              -
              
              
              
              (4,220
              )
              
              
              1,727.
              
              
              
              .
              
              
              
              .
              
              
              
              .**Comprehensive
                  income (loss)**
              
              
              (83,448
              )
              
              
              440
              
              
              
              (208,353
              )
              
              
              53,304**Net
                  loss per common share - basic and diluted**
              
              
              **
              
              
              
              **
              
              
              
              **
              
              
              
              ****Weighted
                  average number of common shares outstanding -
                  basic**
              
              
              48,591,809
              
              
              
              45,089,068
              
              
              
              48,591,809
              
              
              
              45,061,475**Less
                  than $.01The
                  accompanying notes are an integral part of the financial
                  statements




6
 *Table
          of Contents*


**CHINA
                  INTERNATIONAL TOURISM HOLDINGS, LTD., AND
                  SUBSIDIARY****F/K/A
                  DARK DYNAMITE INC.****Unaudited
                  Consolidated Statements of Cash Flows****For
                  the nine months ended September 30, 2007 and
                  2006**For
                  the Nine MonthsEnded
                  September 30,2007
              
              
              2006**CASH
                  FLOWS FROM OPERATING ACTIVITIES:**Net
                  income (loss)
              
              $
              (204,133
              )
              
              $
              51,578Adjustments
                  to reconcile net income (loss) tonet
                  cash (used in) operating activities:Depreciation
              
              
              84,496
              
              
              
              62,058Accounts
                  receivable and other receivables
              
              
              (4,497
              )
              
              
              45,775Prepaid
                  and other assets
              
              
              41,679
              
              
              
              1,380Inventory
              
              
              1,702
              
              
              
              72,308Accounts
                  payable
              
              
              35,224
              
              
              
              (270,201
              )Tax
                  payable
              
              
              (7,295
              )
              
              
              (1,774
              )Other
                  payable
              
              
              33,568
              
              
              
              (29,611
              )**NET
                  CASH (USED IN) OPERATING ACTIVITIES**
              
              
              (19,256
              )
              
              
              (68,487
              )**CASH
                  FLOWS FROM INVESTING ACTIVITIES:**Disposal
                  of property, plant, and equipment
              
              
              -
              
              
              
              93,712Capital
                  loss due to preferred stock conversion
              
              
              -
              
              
              
              (446
              )Purchase
                  of property, plant, and equipment
              
              
              (2,030
              )
              
              
              -**NET
                  CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES**
              
              
              (2,030
              )
              
              
              93,266**CASH
                  FLOWS FROM FINANCING ACTIVITIES:**Proceeds
                  from shareholder loan
              
              
              12,474
              
              
              
              79,841Capital
                  contribution
              
              
              
              
              
              
              391,159Notes
                  payable
              
              
              -
              
              
              
              (402,263
              )**NET
                  CASH PROVIDED BY FINANCING ACTIVITIES**
              
              
              12,474
              
              
              
              68,737FOREIGN
                  CURRENCY TRANSLATION ADJUSTMENT
              
              
              (4,220
              )
              
              
              1,727**NET
                  INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS**
              
              
              (13,032
              )
              
              
              95,243**CASH
                  AND CASH EQUIVALENTS:**Beginning
                  of period
              
              
              21,333
              
              
              
              5,307End
                  of period
              
              $
              8,301
              
              
              $
              100,550**SUPPLEMENTARY
                  CASH FLOW INFORMATION**Common
                  stock issued for services
              
              $
              -
              
              
              $
              -Cash
                  paid for taxes
              
              $
              -
              
              
              $
              15,499Cash
                  paid for interest
              
              $
              -
              
              
              $
              -The
                  accompanying notes are an integral part of these financial
                  statements.




7
 *Table
          of Contents*




**CHINA
      INTERNATIONAL TOURISM HOLDINGS, LTD., AND SUBSIDIARY**


**F/K/A
      DARK DYNAMITE, INC.**


NOTES
      TO
      UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


FOR
      THE
      THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006







**NOTE
      A - BASIS OF PRESENTATION**





The
      accompanying unaudited condensed consolidated financial statements have been
      prepared in accordance with both generally accepted accounting principles for
      interim financial information, and the instructions to Form 10-QSB and Item
      310(b) of Regulation S-B. Accordingly, they do not include all of the
      information and footnotes required by generally accepted accounting principles
      for complete financial statements. The accompanying unaudited condensed
      consolidated financial statements reflect all adjustments (consisting of normal
      recurring accruals) that are, in the opinion of management, considered necessary
      for a fair presentation of the results for the interim periods presented.
      Interim results are not necessarily indicative of results for a full
      year.





The
      condensed consolidated financial statements and related disclosures have been
      prepared with the presumption that users of the interim financial information
      have read or have access to our annual audited consolidated financial statements
      for the preceding fiscal year. Accordingly, these condensed consolidated
      financial statements should be read in conjunction with the consolidated
      financial statements and the related notes thereto contained in the Annual
      Report on Form 10-KSB for the year ended December 31, 2006.





**NOTE
      B - ORGANIZATION AND BUSINESS BACKGROUD**





China
      International Tourism Holdings, Limited. (the “Company” or “CIHS”) was
      incorporated in the State of Nevada on December 23, 1988, formerly known as
      Dark
      Dynamite, Inc., NCI Holdings, Inc., Vector Holding, Inc., and prior to June
      26,
      2002, Vector Aeromotive Corporation. On September 9, 2007, the Board of
      Directors of CIHS approved a name change from Dark Dynamite, Inc to China
      International Tourism Holdings, Limited. This change went into legal effect
      in
      the third quarter of 2007.





On
      August
      29, 2005, CIHS (acquiree) executed a Plan of Exchange with Shanxi Kai Da Lv
      You
      Gu Wen You Xian Gong Si, a corporation organized under the laws of the Peoples'
      Republic of China (“Kai Da” or "acquirer"), the Shareholders of Kai Da,
      Diversified Holdings X, Inc., a Nevada corporation (“Diversified Holdings”), and
      the majority shareholder of CIHS, pursuant to which, and the First Amendment
      of
      Plan of Exchange signed on September 29, 2005, the majority shareholder of
      CIHS
      and Diversified Holdings transferred a total of 4,990,000 shares of convertible
      preferred stock to Kai Da and/or the Kai Da shareholders for $495,000, less
      related expenses. Each share of convertible preferred stock is convertible
      into
      twenty-five (25) shares of common stock, and each share votes together with
      the
      common stock on all matters presented for a vote on an “as converted” basis. In
      addition, the Company issued 100,000 new shares of common stock to Kai Da and/or
      the Kai Da shareholders in exchange for all of their shares of registered
      capital of Kai Da, which then became a wholly-owned subsidiary of the
      Registrant. On October 3, 2005, CIHS consummated the Plan of Exchange with
      Kai
      Da. As a result of the Plan of Exchange, Kai Na will become a wholly-owned
      subsidiary of CIHS. The transaction was treated for accounting purposes as
      a
      capital transaction and recapitalization by the accounting acquirer and as
      a
      re-organization by the accounting acquiree.





Accordingly,
      the consolidated financial statements include the following:





(1)
            The
                balance sheet consists of the net assets of the acquirer at historical
                cost and the net assets of the acquiree at historical
                cost.




(2)
            The
                statement of operations includes the operations of the acquirer for
                the
                periods presented and the operations of the acquiree from the date
                of the
                merger.





Kai
      Da is
      principally engaged in the theme park management in the PRC.





CIHS
      and
      its wholly-owned subsidiary Kai Da are hereafter referred to as (the
“Company”).




8
 *Table
          of Contents*




**CHINA
      INTERNATIONAL TOURISM HOLDINGS, LTD., AND SUBSIDIARY**


**F/K/A
      DARK DYNAMITE, INC.**


NOTES
      TO
      UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


FOR
      THE
      THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006







**NOTE
      B - ORGANIZATION AND BUSINESS BACKGROUD (CONT.)**





After
      the
      acquisition of Kai Da, the Company changed its primary business into theme
      park
      management and travel related services. The Company contracts and operates
      the
      Theme Park of Qin E Pang Gong (“Theme Park”) through Shanxi Kai Da Lv You
      Gu Wen You Xian Gong Si (“Kai Da”), its wholly owned subsidiary in China. The
      Theme Park was built up at the historical address of E Pang Gong, the most
      prestigious and largest palace in Chinese history built for Qin Shi Huang,
      the
      first emperor in the Qin dynasty over 2,200 years ago. E Pang Gong was burned
      down during the war and became a legend as well as the subject of numerous
      historical books. In 1994, the historical address of E Pang Gong was appraised
      by United Nations Educational, Scientific and Cultural Organization ("UNESCO")
      as one of the wonders in the ancient world due to the size of the palace and
      the
      degree of preservation. The current theme park was built imitating the original
      palace based on historical records and legends, covering approximately 5.59
      million square feet consisting of several building structure, including the
      Front Palace, Qihe River, Magnetic Gate, Heaven Tower, Earth Temple, Lan-Chi
      Palace and the Shang-Lin Garden. Management believes it’s a significant
      achievement to be able to display such a famous and grand palaceto the domestic
      and international communities. It is believed to be one of the more important
      historical sites in China.





In
      connection with the Company’s Theme Park management, it has currently developed
      three primary business segments:




·
            Theme
                park admission and management·
            Resorts·
            Movie
                and television revenues





More
      information about the Company’s business can be found on its corporate website
      on the Internet at http://www.qinepanggong.com.





**NOTE
      C – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**





Basis
      of Presentation - The financial statements included herein were prepared
      under the accrual basis of accounting.





Cash
      and Cash Equivalents - For purposes of the Statement of Cash Flows, the
      Company considers liquid investments with an original maturity of three months
      or less to be cash equivalents.





Management’s
      Use of Estimates - The preparation of financial statements in conformity
      with accounting principles generally accepted in the United States of America
      requires management to make estimates and assumptions that affect the reported
      amounts of assets and liabilities and disclosures of contingent assets and
      liabilities at the date of financial statements and the reported amounts of
      revenues and expenses during the reporting period.  Such estimates
      include but are not limited to depreciation, taxes, and
      contingencies.  Actual results could differ from those
      estimates.  The financial statements above reflect all of the costs of
      doing business.





Revenue
      Recognition - The Company's policy is to recognize income when it is earned.
      Kai Da's revenue is derived from ticket sales, and hotel and restaurant income.
      Revenues are booked net of any cash discounts. If any material
      contingencies are present, revenue recognition is delayed until all material
      contingencies are eliminated. Material contingencies are circumstances in which
      there are any potential uncertainties as to the completion of the revenue
      process being complete. Further, no revenue is recognized unless collection
      of
      the applicable consideration is probable. Probable collection is determined
      at
      the time collection occurs or is more than reasonably possible it will be
      collected. Retail store sales of products- revenue is recognized when sales
      are
      made. They are paid by cash or credit card. Park admissions- revenues from
      advance theme park ticket sales are.




9
 *Table
          of Contents*




**CHINA
      INTERNATIONAL TOURISM HOLDINGS, LTD., AND SUBSIDIARY**


**F/K/A
      DARK DYNAMITE, INC.**


NOTES
      TO
      UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


FOR
      THE
      THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006







**NOTE
      C – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.)**





Revenue
      Recognition (cont.) - recognized when the tickets are used. Management fees-
      revenues from management fees E Pang Gong Theme Park agreement are recognized
      as
      earned over the related period of time of the management services. Hotel and
      conference room rentals- revenues are recognized as earned at the conclusion
      of
      the nightly stay or conference room rental.





Comprehensive
      Income (Loss) - The Company adopted Financial Accounting Standards Board
      Statement of Financial Accounting Standards (SFAS) No. 130, *“Reporting
      Comprehensive Income”*, which establishes standards for the reporting and
      display of comprehensive income and its components in the financial
      statements.  There were no items of comprehensive income (loss)
      applicable to the Company during the period covered in the financial
      statements.




Principles
      of Consolidation - The consolidated financial statements include the
      financial information of the Company and its subsidiaries. The results of
      subsidiaries acquired or disposed of during the period are consolidated from
      or
      to their effective dates of acquisition or disposal, respectively. All material
      intercompany balances and transactions have been eliminated on
      consolidation.




Loss
      Per Share - Loss per share is reported in accordance with Statement of
      Financial Accounting Standard (SFAS) No. 128. This statement required dual
      presentation of basic and diluted earnings (loss) with a reconciliation of
      the
      numerator and denominator of the loss per share computations. Basic earnings
      per
      share amounts are based on the weighted average shares of common stock
      outstanding. If applicable, diluted earnings per share would assume the
      conversion, exercise or issuance of all potential common stock instruments
      such
      as options, warrants and convertible securities, unless the effect is to reduce
      a loss or increase earnings per share. There were no adjustments required to
      net
      loss for the period presented in the computation of diluted loss per
      share.




Foreign
      Currencies (KAI DA-Foreign Subsidiary) - The assets and liabilities
      denominated in respective functional currencies are translated into United
      States Dollars at the exchange rate as of the balance sheet date. The share
      capital and retained earnings are translated at exchange rates prevailing at
      the
      time of the transactions. Revenues, costs, and expenses denominated in
      respective functional currencies are translated into United States Dollars
      at
      the weighted average exchange rate for the period. The effects of foreign
      currencies translation adjustments are included in the definition of the changes
      included in comprehensive income.





Property,
      Plant, and Equipment - Property, plant, and equipment are recorded at cost
      less accumulated depreciation and impairment. Repairs and maintenance
      expenditures, which are not considered improvements and do not extend the useful
      life of property, plant, and equipment, are expensed as incurred. The cost
      and
      related accumulated depreciation applicable to property, plant, and equipment
      sold or no longer in service are eliminated from the accounts and any gain
      or
      loss is included in the statement of operations.




Depreciation
      is calculated to write-off the cost or basis of the property, plant, and
      equipment over their estimated useful lives for the date on which they become
      fully operational and after taking into account their estimated residual values
      (salvage value), using the straight-line method, at the following rates per
      year:




Equipment Straight-line
      for 5 to 20 years with a 5% salvage value


Furniture Straight-line
      for 5 to 10 years with a 5% salvage value


Autos Straight-line
      for 5 to 10 years with a 5% salvage value





When
      assets are sold or retired, their costs and accumulated depreciation are
      eliminated from the accounts and any gain or loss resulting from their disposal
      is included in the Statement of Operations.




10
 *Table
          of Contents*




**CHINA
      INTERNATIONAL TOURISM HOLDINGS, LTD., AND SUBSIDIARY**


**F/K/A
      DARK DYNAMITE, INC.**


NOTES
      TO
      UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


FOR
      THE
      THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006







**NOTE
      C – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.)**





Property,
      Plant, and Equipment (cont.) - The Company recognizes an impairment loss on
      property, plant, and equipment when evidence, such as the sum of expected future
      cash flows (undiscounted and without interest charges), indicates that future
      operations will not produce sufficient revenue to cover the related future
      costs, including depreciation, and when the carrying amount of the asset cannot
      be realized through sale. Measurement of the impairment loss is based on the
      fair value of the assets.





Fair
      Value of Financial Instruments - The carrying amounts reported in the
      balance sheet for cash, accounts receivable and payable approximate fair value
      based on the short-term maturity of these instruments.




Deferred
      Taxes - Income taxes are provided in accordance with Statement of Financial
      Accounting Standards No. 109 (SFAS No. 109), *“Accounting for Income
      Taxes.”* A deferred tax asset or liability is recorded for all temporary
      differences between financial and tax reporting and net operating loss-carry
      forwards.





Deferred
      tax assets are reduced by a valuation allowance when, in the opinion of
      management, it is more likely than not that, some portion or all of the deferred
      tax asset will not be realized. Deferred tax assets and liabilities are adjusted
      for the effect of changes in tax laws and rates on the date of
      enactment.





Accounts
      Receivable - Accounts deemed uncollectible are written off in the year they
      become uncollectible.  No receivables were deemed uncollectible as of
      September 30, 2007.





Impairment
      of Long-Lived Assets - The Company evaluates the recoverability of its fixed
      assets and other assets in accordance with Statement of Financial Accounting
      Standards No. 144, “*Accounting for the Impairment or Disposal of Long-Lived
      Assets” (“SFAS 144’).* SFAS 144 requires recognition of impairment of
      long-lived assets in the event the net book value of such assets exceeds its
      expected cash flows, it is considered to be impaired and is written down to
      fair
      value, which is determined based on either discounted future cash flows or
      appraised values. The Company adopted the statement on inception. No impairments
      of these types of assets were recognized during the period ended September
      30,
      2007 based upon a management review of such assets.





Stock-Based
      Compensation - The Company accounts for stock-based compensation using the
      fair value method of Financial Accounting Standard No. 123R. Common shares
      issued for services rendered by a third party (both employees and non-employees)
      are recorded at the fair value of the shares issued or services rendered,
      whichever is more readily determinable.





Recently
      Issued Accounting Pronouncements - The Company has reviewed all recently
      issued, but not yet effective, accounting pronouncements and do not believe
      the
      future adoption of any such pronouncements may be expected to cause a material
      impact on its financial condition or the results of its operations.





In
      June
      2006, the FASB issued Interpretation No. 48, *Accounting for Uncertainty
      in Income Taxes* (“FIN 48”). FIN 48 clarifies the accounting for uncertainty
      in income taxes recognized in the Company’s financial statements in accordance
      with SFAS No. 109. FIN 48 prescribes a recognition threshold and
      measurement attributes for the financial statement recognition and measurement
      of a tax position taken or expected to be taken in a tax return. The Company
      adopted FIN48 on January 1, 2007. The adoption of FIN 48 did not have an
      effect on the results of operations or financial condition. The Company did
      not
      have any unrecognized tax benefits as of September 30, 2007.





On
      February 15, 2007, the Financial Accounting Standards Board (“FASB”) issued
      Statement of Financial Accounting Standards No. 159, *“The Fair Value
      Option for Financial Assets and Financial Liabilities — Including an Amendment
      of FASB Statement No. 115”*(“SFAS 159”). This standard permits an
      entity to measure.




11
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          of Contents*




**CHINA
      INTERNATIONAL TOURISM HOLDINGS, LTD., AND SUBSIDIARY**


**F/K/A
      DARK DYNAMITE, INC.**


NOTES
      TO
      UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


FOR
      THE
      THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006







**NOTE
      C – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.)**





financial
      instruments and certain other items at estimated fair value. Most of the
      provisions of SFAS No. 159 are elective; however, the amendment to FASB
      No. 115,*“Accounting for Certain Investments in Debt and Equity
      Securities,”* applies to all entities that own trading and
      available-for-sale securities. The fair value option created by SFAS 159 permits
      an entity to measure eligible items at fair value as of specified election
      dates. The fair value option (a) may generally be applied instrument by
      instrument, (b) is irrevocable unless a new election date occurs, and
      (c) must be applied to the entire instrument and not to only a portion of
      the instrument. SFAS 159 is effective as of the beginning of the first fiscal
      year that begins after November 15, 2007. Early adoption is permitted as of
      the beginning of the previous fiscal year provided that the entity
      (i) makes that choice in the first 120 days of that year,
      (ii) has not yet issued financial statements for any interim period of such
      year, and (iii) elects to apply the provisions of FASB 157. Management is
      currently evaluating the impact of SFAS 159, if any, on the Company’s financial
      statements.





**NOTE
      D – SUPPLEMENTAL CASH FLOW INFORMATION**





Supplemental
      disclosures of cash flow information for the nine months ended September 30,
      2007 and 2006 are summarized as follows:





Cash
      paid during the nine months ended September 30, 2007 and 2006 for interest
      and
      income taxes:





2007                    2006


Income
      Taxes                       $    ---                    $
      ---


Interest                               
       $   ---                     $
      ---





**NOTE
      E – INCOME TAXES**





The
      Company has approximately $3,552,772 of federal and state net operating losses
      available that expire in various years through the year 2025.





Due
      to
      operating losses, there was no provision for current federal or state income
      taxes for the nine months ended September 30, 2007 and 2006.





Deferred
      income taxes reflect the net tax effects of temporary differences between the
      carrying amounts of assets and liabilities for financial reporting purposes
      and
      the amount used for federal and state income tax purposes.





The
      Company’s deferred tax asset at September 30, 2007 consists of net operating
      loss carry-forward calculated using federal and state effective tax rates
      equating to approximately $1,236,000 less a valuation allowance in the amount
      of
      $1,236,000. Because of the Company’s lack of earnings history, the deferred tax
      asset has been fully offset by a valuation allowance. The valuation allowance
      increased (decreased) by approximately $258,000 compared to the same period
      in
      2006.





Utilization
      of the net operating losses may be subject to certain annual limitations due
      to
      changes in control. This may result in the expiration of net operating losses
      before full utilization.




12
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          of Contents*




**CHINA
      INTERNATIONAL TOURISM HOLDINGS, LTD., AND SUBSIDIARY**


**F/K/A
      DARK DYNAMITE, INC.**


NOTES
      TO
      UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


FOR
      THE
      THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006







**NOTE
      E – INCOME TAXES (CONT.)**





The
      Company’s total deferred tax asset as of September 30, 2007 is as
      follows:




2007
            
            
            2006Net
                operating loss carry-forwards
            
            $
            1,236,000
            
            
            $
            978,000Valuation
                Allowance
            
            
            (1,236,000
            )
            
            
            (978,000
            )$
            -0-
            
            
            $
            -0-Tax
                Rate
            
            
            34
            %
            
            
            34
            %




**NOTE
      F – PAYABLES, COMMITMENTS AND CONTIGENCIES**





As
      of
      September 30, 2007, the Company had a payable outstanding in the amount of
      $253,552, of which $136,500 in connection with the litigation (see note
      H).





**NOTE
      G - GOING CONCERN**





As
      shown
      in the accompanying unaudited financial statements, the Company has a working
      capital deficit and negative cash flow from operations that have placed
      substantial doubt as to whether the Company can continue as a going concern.
      The
      ability of the Company to continue as a going concern is dependent on developing
      operations, increasing revenues, and obtaining new capital. Management has
      enacted the following plan to address these issues: (1) obtain funding from
      new
      investors to alleviate the Company's capital deficiency, (2) refinance existing
      debt on assets, (3) increase the revenues by launching new attraction in the
      theme park.




**NOTE
      H – LITIGATION**





**Securities
      and Exchange Commission v. David M. Wolfson, et al.** On October 16,
      2004 a civil complaint was filed by the Securities and Exchange Commission
      in
      which China International Tourism Holdings, Limited. was named as a respondent.
      The Company's former president Gino Carlucci was also named as a respondent.
      The
      suit was filed in the United States District Court for the District of Utah
      and
      bears the docket number 2:03CV00914DAK and the style of the case is: “Securities
      and Exchange Commission v. David M. Wolfson; NuWay Holdings, Inc., a Nevada
      corporation; Momentous Group, LLC, a Utah limited liability company; Leeward
      Consulting Group, LLC, a Utah limited liability company; Sukumo Limited, a
      company incorporated in the British Virgin Islands (a.k.a. Sukumo Group, Ltd.,
      Fujiwara Group, First Chartered Capital Corporation, First Colonial Trust,
      First
      China Capital and International Investment Holding); Michael Sydney Newman
      (A.K.A. Marcus Wiseman); Stem Genetics, Inc., a Utah corporation; Howard H.
      Robertson; Gino Carlucci; G & G Capital, LLC an Arizona and Utah limited
      liability company; F10 Oil and Gas Properties, Inc.; Jon H. Marple; Mary E.
      Blake; Jon R. Marple; Grateful Internet Associates, LLC, a Colorado limited
      liability company; Diversified Financial Resources Corporation, a Delaware
      corporation; John Chapman; Valesc Holdings, Inc., a New Jersey corporation;
      Jeremy D. Kraus; Samuel Cohen; China International Tourism Holdings, Limited.,
      (The Company) a Nevada corporation. The complaint alleges that the Company
      failed to accurately and fully disclose the nature of its relationship to The
      Sukumo Group, Inc., including the failure of Sukumo to complete the purchase
      of
      the shares and alleges that Sukumo acted as a selling agent for the Company.
      The
      complaint also faults The Sukumo Group Inc.'s actions with regard to the sale
      of
      common stock to off shore purchasers for failing to disclose the interest that
      Sukumo had in each sale, reporting that it was taking a 1-2% commission on
      the
      sale rather than keeping 70% or more of the proceeds of each transaction. The
      Company filed a motion to dismiss the complaint based upon a lack of
      jurisdiction and the failure of the complaint to adequately set forth the
      actions of the Company which form the basis of a cause of action against the
      Company that was denied by the Court. The Company filed an answer disputing
      the
      allegations of the complaint and has participated in some pre-trial discovery.
      The Company and the Government have agreed upon the terms of a settlement,
      the
      terms of which provide for the Company to pay the sum of $30,000 to the SEC.
      The
      SEC is currently reviewing the terms of a proposed consent decree in which
      the
      Company would neither admit or deny the claims made in the complaint and be
      subject to an injunction prohibiting future violations of the securities laws
      and regulations, this review has been pending for more than 18 months with
      no
      report of expected action on the proposal and without any change in the status
      of the litigation impacting the Company.




The
      Company believes that adequate provision has been made for all other judgments
      that may be awarded against the Company. None of the other lawsuits have yet
      been resolved.




13
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          of Contents*




**CHINA
      INTERNATIONAL TOURISM HOLDINGS, LTD., AND SUBSIDIARY**


**F/K/A
      DARK DYNAMITE, INC.**


NOTES
      TO
      UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS


FOR
      THE
      THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006







**NOTE
      I – RELATED PARTY TRANSACTIONS**





The
      Company's subsidiary Kai Da signed a management contract with Shanxi Qin E'Pang
      Tourism Development Co., Ltd. According to the contract, the Company will manage
      the A'Pang palace tourist, hotel, and restaurant from August 1, 2005 to July
      31,
      2010 and hold 90% of the net profits. The remaining 10% of the net profit will
      be returned to Shanxi Qin E'Pang Tourism Development Co., Ltd. In September
      2005, the Company purchased the fixed assets from Shanxi Qin E'Pang Tourism
      Development Co., Ltd. by executing a financial leasing contract.





**NOTE
      J - LOANS FROM SHAREHOLDER**





The
      shareholder paid all necessary overseas consulting and advising fees, lawyer
      fees, and accounting fees from period to period out of his own personal bank
      accounts in the United States due to the strict laws and regulations imposed
      by
      the Chinese government on out-going foreign currency wire transfers. The amount
      outstanding as of September 30, 2007 was $19,941. The shareholder loan is not
      evidenced by a promissory note, but rather is an oral agreement between the
      shareholder and the Company.




14
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          of Contents*




**ITEM
      2.** **MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
      CONDITION AND RESULTS OF OPE****RATION**





GENERAL
      DESCRIPTION OF BUSINESS





As
      used
      in this Quarterly Report, the terms "we", "us", "our," the “Registrant,” “CIHS”
and the "Company" means, China International Tourism Holdings, Limited., a
      Nevada corporation, formerly known as Dark Dynamite, Inc., NCI Holdings, Inc.,
      Vector Holding, Inc., and prior to June 26, 2002, Vector Aeromotive Corporation.
      These terms also refer to our subsidiary corporation, Shanxi Kai Da Lv You
      Gu
      Wen You Xian Gong Si ("Kai Da"), a corporation organized under the laws of
      the
      Peoples’ Republic of China (“Kai Da”) acquired in August 2005.




After
      the
      acquisition of Kai Da, management changed our primary business into theme park
      management and travel related services. We contract and operate the Theme Park
      of Qin E Pang Gong (“Theme Park”) through Shanxi Kai Da Lv You Gu Wen You Xian
      Gong Si (“Kai Da”), our wholly owned subsidiary in China. The Theme Park was
      built up at the historical address of E Pang Gong, the most prestigious and
      largest palace in Chinese history built for Qin Shi Huang, the first emperor
      in
      the Qin dynasty over 2,200 years ago. E Pang Gong was burned down during the
      war
      and became a legend as well as the subject of numerous historical books. In
      1994, the historical address of E Pang Gong was appraised by United Nations
      Educational, Scientific and Cultural Organization ("UNESCO") as one of the
      wonders in the ancient world due to the size of the palace and the degree of
      preservation. The current theme park was built imitating the original palace
      based on historical records and legends, covering approximately 5.59 million
      square feet consisting of several building structure, including the Front
      Palace, Qihe River, Magnetic Gate, Heaven Tower, Earth Temple, Lan-Chi Palace
      and the Shang-Lin Garden. Management believes it is a significant achievement
      to
      be able to display such a famous and grand palace to the domestic and
      international communities. It is believed to be one of the more important
      historical sites in China.





In
      connection with our Theme Park management, we have developed three primary
      business segments:




*
            Theme
                park admission and management*
            Resorts*
            Movie
                and television revenues





More
      information about our business can be found on the corporate website at
http://www.qinepanggong.com.





RESULTS
      OF OPERATIONS FOR THE THREE AND NINE MONTHS SEPTEMBER 30, 2007





FORWARD
      LOOKING STATEMENTS




The
      information herein contains certain forward looking statements within the
      meaning of §27A of the Securities Act of 1933, as amended and §21E of the
      Securities Exchange Act of 1934, as amended, which are intended to be covered
      by
      the safe harbors created thereby. Investors are cautioned that all forward
      looking statements involve risks and uncertainty, including without limitation,
      the ability of us to continue its current expansion strategy, changes in the
      fashion and clothing markets, labor and employee benefits, as well as general
      market conditions, competition and pricing. Although we believe that the
      assumptions underlying the forward looking statements contained herein are
      reasonable, any of the assumptions could be inaccurate, and therefore, there
      can
      be no assurance that the forward looking statements included in this Form 10-QSB
      will prove to be accurate. In view of the significant uncertainties inherent
      in
      the forward looking statements included herein, the inclusion of such
      information should not be regarded as a representation by us or any other person
      that our objectives and plans will be achieved.




15
 *Table
          of Contents*




CRITICAL
      ACCOUNTING POLICIES





*Revenue
      Recognition*





The
      Company's policy is to recognize income when it is earned. Kai Da's revenue
      is
      derived from ticket sales, and hotel and restaurant income. Revenues are booked
      net of any cash discounts. If any material contingencies are present,
      revenue recognition is delayed until all material contingencies are eliminated.
      Material contingencies are circumstances in which there are any potential
      uncertainties as to the completion of the revenue process being complete.
      Further, no revenue is recognized unless collection of the applicable
      consideration is probable. Probable collection is determined at the time
      collection occurs or is more than reasonably possible it will be collected.
      Retail store sales of products- revenue is recognized when sales are made.
      They
      are paid by cash or credit card. Park admissions- revenues from advance theme
      park ticket sales are recognized when the tickets are used. Management fees-
      revenues from management fees E Pang Gong Theme Park agreement are recognized
      as
      earned over the related period of time of the management services. Hotel and
      conference room rentals- revenues are recognized as earned at the conclusion
      of
      the nightly stay or conference room rental.





*Property,
      Plant, and Equipment*





Property,
      plant, and equipment are recorded at cost less accumulated depreciation and
      impairment. Repairs and maintenance expenditures, which are not considered
      improvements and do not extend the useful life of property, plant, and
      equipment, are expensed as incurred. The cost and related accumulated
      depreciation applicable to property, plant, and equipment sold or no longer
      in
      service are eliminated from the accounts and any gain or loss is included in
      the
      statement of operations.




Depreciation
      is calculated to write-off the cost or basis of the property, plant, and
      equipment over their estimated useful lives for the date on which they become
      fully operational and after taking into account their estimated residual values
      (salvage value), using the straight-line method, at the following rates per
      year:




Equipment Straight-line
      for 5 to 20 years with a 5% salvage value


Furniture Straight-line
      for 5 to 10 years with a 5% salvage value


Autos Straight-line
      for 5 to 10 years with a 5% salvage value





When
      assets are sold or retired, their costs and accumulated depreciation are
      eliminated from the accounts and any gain or loss resulting from their disposal
      is included in the Statement of Operations.




The
      Company recognizes an impairment loss on property, plant, and equipment when
      evidence, such as the sum of expected future cash flows (undiscounted and
      without interest charges), indicates that future operations will not produce
      sufficient revenue to cover the related future costs, including depreciation,
      and when the carrying amount of the asset cannot be realized through sale.
      Measurement of the impairment loss is based on the fair value of the
      assets.





Revenues





Gross
      revenues for three and nine months ended September 30, 2007 were $126,184 and
      $423,737, respectively, derived from ticket sales, and hotel and restaurant
      income. The decreases by $74,569 and $278,221, compared to gross revenues of
      $200,753 and $701,958 for the same periods ended September 30, 2006,
      respectively, were due primarily to the consummation of the contracts with
      some
      travel agents in February 2007, pursuant to which the travel agents brought
      tourists to our theme park for the discounted price. Due to the different peak
      season timing for the theme park and most of our tours are a one-day trip to
      the
      theme park, the revenue appears to be diversified. The theme park is not the
      only resource of revenue. The peak season for the theme park tickets is from
      March to October, compared to the peak season for the resorts in the first
      quarter. We expect sales to increase during the second half year of 2007 as
      we
      move toward developing our business plan. Additionally, we expect to generate
      new revenues in 2007 from the launch of our dinner show project.





We
      had no
      revenues earned from movie and television for the three and nine months ended
      September 30, 2007 and 2006.




16
 *Table
          of Contents*




Income
      / Loss





Net
      losses for the three and nine months ended September 30, 2007 were $83,609
      and
      $204,133, respectively, compared to net income of $440 and $51,577 for the
      same
      periods ended September 30, 2006, respectively. The net losses for the three
      and
      nine months ended June 30, 2007 were due primarily to the decrease in sales
      revenues and increase in selling, general and administrative
      expenses.




We
      expect
      to incur losses or keep breakeven in fiscal year 2007 until traffic is increased
      to the Theme Park and product sales increase. There can be no assurance that
      we
      will achieve or maintain profitability, or that any revenue growth will take
      place in the future.




Expenses





Selling,
      general and administrative expenses were due primarily to the Theme Park
      operation, which were $181,044 and $536,045 for the three and nine months ended
      September 30, 2007, respectively, compared to selling, general and
      administrative expenses of $157,162 and $537,431 for the same periods ended
      September 30, 2006, respectively. The operating expenses during the three and
      nine months ended September 30, 2007 included non-cash consulting expenses
      resulting from the issuance of 2,370,000 shares of common stock for services.
      The shares were valued based on the market price on the date of the stock grant
      or the specific terms of the applicable consulting agreements, resulting in
      total expenses of $428,500 for services rendered booked pro rata within the
      relative service periods completed as of September 30, 2007, which were $15,452
      and $46,356 for the three and nine months ended September 30, 2007,
      respectively.





Cost
      of Sales





Cost
      of
      sales included expenses directly related to delivering our product or services.
      Travel agents' commissions and direct labor would be examples of cost of sales
      items. During the three and nine months ended September 30, 2007, we had $28,217
      and $91,346 in cost of sales, respectively, compared to cost of sales of $40,139
      and $125,020 for the same periods ended September 30, 2006. The decrease in
      cost
      of sales during the first nine months of 2007 was due primarily to the decrease
      in sales revenues. Cost of sales as a percentage of sales was approximately
      22.4% and 21.6% for the three and nine months ended September 30, 2007,
      respectively.




Impact
      of Inflation and Foreign Exchange Rate





We
      believe that inflation and foreign exchange rate have had a negligible effect
      on
      operations during this period. We believe that we can offset inflationary
      increases in the cost of sales by increasing sales and improving operating
      efficiencies.





Liquidity
      and Capital Resources





Cash
      flows used in operating activities were $19,256 and $68,487 for the nine months
      ended September 30, 2007 and 2006, respectively. Negative cash flows from
      operations in the nine months ended September 30, 2007 were primarily due to
      the
      net loss of $204,133, partially offset by decrease in prepayment by $41,679,
      the
      increase in accounts payable and other payable, which were $35,224 and $33,568,
      respectively. Negative cash flows from operations in the same period ended
      September 30, 2006 were due primarily to the repayments of $270,201 to accounts
      payable.





Cash
      flows used in investing activities were $2,030 for the nine months ended
      September 30, 2007 due primarily to the purchase of equipment. Cash flows
      provided by investing activities were $93,266 for the nine months ended
      September 30, 2006 due primarily to the disposal of fixtures and equipment
      in
      Black Chandelier.




17
 *Table
          of Contents*





Cash
      flows provided by financing activities were $12,474 for the nine months ended
      September 30, 2007 due primarily to shareholder loan of $12,474, compared to
      cash flows of $68,737 provided in financing activities for the nine months
      ended
      September 30, 2006, which were attributable to the proceeds from shareholders’
loan and capital contribution, less notes payable repayments.





We
      have
      funded our cash needs for the nine months ended September 30, 2007 with a series
      of debt and equity transactions. We project that we will need additional capital
      to fund operations over the next 12 months. We anticipate we will need an
      additional $250,000 in working capital during 2007 and $100,000 for the two
      years thereafter.





Overall,
      we have funded our cash needs from inception through September 30, 2007 with
      a
      series of debt and equity transactions, primarily with related parties. If
      we
      are unable to receive additional cash from our related parties, we may need
      to
      rely on financing from outside sources through debt or equity transactions.
      Our
      related parties are under no legal obligation to provide us with capital
      infusions. Failure to obtain such financing could have a material adverse effect
      on operations and financial condition.




We
      had
      cash of $8,301 on hand and working capital deficit of $227,891 as of September
      30, 2007. Currently, we do not have enough cash to fund our operations for
      about
      six months. This is based on our small cash on hand, working capital deficit,
      and projected revenues. Also, if the projected revenues fall short of needed
      capital we may not be able to sustain our capital needs. We will then need
      to
      obtain additional capital through equity or debt financing to sustain operations
      for an additional year. Our current level of operations would require capital
      of
      approximately $250,000 to sustain operations through year 2007 and approximately
      $100,000 per year thereafter. Modifications to our business plans may require
      additional capital for us to operate. For example, if we are unable to raise
      additional capital in the future we may need to curtail our number of product
      offers or limit our marketing efforts to the most profitable geographical areas.
      This may result in lower revenues and market share for us. In addition, there
      can be no assurance that additional capital will be available to us when needed
      or available on terms favorable to us.




On
      a
      long-term basis, liquidity is dependent on continuation and expansion of
      operations, receipt of revenues, and additional infusions of capital and debt
      financing. Our current capital and revenues are insufficient to fund such
      expansion. If we choose to launch such an expansion campaign, we will require
      substantially more capital. The funds raised from this offering will also be
      used to market our products and services as well as expand operations and
      contribute to working capital. However, there can be no assurance that we will
      be able to obtain additional equity or debt financing in the future, if at
      all.
      If we are unable to raise additional capital, our growth potential will be
      adversely affected and we will have to significantly modify our
      plans.




Demand
      for the products and services will be dependent on, among other things, market
      acceptance of our theme park, Chinese entertainment market in general, and
      general economic conditions, which are cyclical in nature. Inasmuch as a major
      portion of our activities is the receipt of revenues from the sales of our
      products, our business operations may be adversely affected by our competitors
      and prolonged recession periods.




Our
      success will be dependent upon implementing our plan of operations and the
      risks
      associated with our business plans. We are engaged in Theme Park management
      and
      related entertainment shows. We plan to strengthen our position in these
      markets. We also plan to expand our operations through aggressively marketing
      our Theme Park and our concept.****





Ability
      to Continue as a Going Concern




As
      shown
      in the accompanying unaudited financial statements, we have a working capital
      deficit and small cash flow from operations that have placed substantial doubt
      as to whether we can continue as a going concern. Our ability to continue as
      a
      going concern is dependent on developing operations, increasing revenues, and
      obtaining new capital. Management has enacted the following plan to address
      these issues: (1) obtain funding from new investors to alleviate our capital
      deficiency, (2) refinance existing debt on assets, (3) increase the revenues
      by
      launching new attraction in the theme park.




18
 *Table
          of Contents*




**ITEM
      3. CONTROLS AND PROCEDURES.**




We
      maintain
      disclosure controls and procedures designed to ensure that information required
      to be disclosed in reports filed under the Securities Exchange Act of 1934
      (“Exchange Act”) is recorded, processed, summarized and reported within the
      specified time periods. Our Chief Executive Officer and its Chief Financial
      Officer (collectively, the “Certifying Officers”) are responsible for
      maintaining our disclosure controls and procedures. Our controls and procedures
      are designed to provide reasonable assurance that information required to be
      disclosed by the issuer in the reports that it files or submits under the
      Exchange Act are recorded, processed, summarized and reported within the time
      periods specified in the Commission’s rules and forms.




As
      of the end
      of the period covered by this report, the Certifying Officers evaluated the
      effectiveness of our disclosure controls and procedures. Based on the
      evaluation, the Certifying Officers concluded that our disclosure controls
      and
      procedures were effective to provide reasonable assurance that information
      required to be disclosed by us in the reports that we file or submit under
      the
      Exchange Act is recorded, processed, summarized and reported, within the time
      periods specified in the applicable rules and forms, and that it is accumulated
      and communicated to our management, including the Certifying Officers, as
      appropriate to allow timely decisions regarding required
      disclosure.





**PART
      II. OTHER INFORMATION**





**Item
      1. Legal Proceedings**





Securities
      and Exchange Commission v. David M. Wolfson, et al. On October 16, 2003 a
      civil complaint was filed by the Securities and Exchange Commission in which
      NCI
      Holdings, Inc. (a.k.a. China International Tourism Holdings,Limited.) was named
      as a respondent. Our former president Gino Carlucci was also named as a
      respondent. The suit was filed in the United States District Court for the
      District of Utah and bears the docket number 2:03CV00914DAK and the style of
      the
      case is: Securities and Exchange Commission v. David M. Wolfson; NuWay Holdings,
      Inc., a Nevada corporation; Momentous Group, LLC, a Utah limited liability
      company; Leeward Consulting Group, LLC, a Utah limited liability company; Sukumo
      Limited, a company incorporated in the British Virgin Islands (a.k.a. Sukumo
      Group, Ltd., Fujiwara Group, First Chartered Capital Corporation, First Colonial
      Trust, First China Capital and International Investment Holding); Michael Sydney
      Newman (A.K.A. Marcus Wiseman); Stem Genetics, Inc., a Utah corporation; Howard
      H. Robertson; Gino Carlucci; G & G Capital, LLC an Arizona and Utah limited
      liability company; F10 Oil and Gas Properties, Inc.; Jon H. Marple; Mary E.
      Blake; Jon R. Marple; Grateful Internet Associates, LLC, a Colorado limited
      liability company; Diversified Financial Resources Corporation, a Delaware
      corporation; John Chapman; Valesc Holdings, Inc., a New Jersey corporation;
      Jeremy D. Kraus; Samuel Cohen; NCI Holdings, Inc., a Nevada corporation. The
      complaint alleges that NCI failed to accurately and fully disclose the nature
      of
      NCI's relationship to The Sukumo Group, Inc., including the failure of Sukumo
      to
      complete the purchase of the shares and alleges that Sukumo acted as a selling
      agent for NCI. The complaint also faults The Sukumo Group Inc.'s actions with
      regard to the sale of common stock to off-shore purchasers for failing to
      disclose the interest that Sukumo had in each sale, reporting that it was taking
      a 1-2% commission on the sale rather than keeping 70% or more of the proceeds
      of
      each transaction. We filed a motion to dismiss the complaint based upon a lack
      of jurisdiction and the failure of the complaint to adequately set forth our
      actions, which form the basis of a cause of action against us that was denied
      by
      the Court. We filed an answer disputing the allegations of the complaint and
      have participated in some pre-trial discovery. The Government and the Defendant
      had agreed upon the terms of a settlement, the terms of which provided for
      us to
      pay the sum of $30,000 to the SEC. However the SEC has decided to reject the
      settlement and moved forward on a summary judgment.





China
      International Tourism Holdings,Limited. and Diversified Holdings X, Inc. v.
      Allen E. Weintraub and Miami Venture Capital, Inc. Civil complaint filed in
      the Third District Court of the State of Utah, Salt Lake County, Civil No.
      050905249. A default judgment was entered against the defendants on March 15,
      2006 after a hearing before a Utah court, the judgment awarded damages in the
      sums of $267,892, and an award for costs and attorneys fees has not yet been
      calculated. Mr. Weintraub had previously filed a claim in Florida federal court,
      that case has been dismissed and transferred to Utah.  There have been
      no filings on the case since January of 2007.




19
 *Table
          of Contents*




**Item
      2. Changes in Securities and Use of Proceeds**




None.




**Item
      3. Defaults Upon Senior Securities**




None.




**Item
      4. Submission of Matters to a Vote of Security Holders.**




None.




**Item
      5. Other Information**




None.




**Item
      6. Exhibits And Reports On Form 8-K**





(1)
            Exhibits:
                Exhibits required to be attached by Item 601 of Regulation S-B are
                listed
                in the Index to Exhibits Beginning on page 8 of this Form 10-QSB,
                which is
                incorporated herein by reference.





Reports
      on Form 8-K filed in the third quarter of 2007





(1)
            On
                August 24, 2007, we filed a current report on Form 8-K to announce
                a
                cooperation agreement signed by Shaanxi Tourism Press and Shanxi
                Qin Afang
                Palace Tourism Development, Inc., the owner of E Pang Gong theme
                park.




20
 *Table
          of Contents*




**SIGNATURES**




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




**China
                International Tourism Holdings, Ltd.**Date:
                November 15, 2007
            By:
            /s/ Lei,
                MingLei,
                Ming
              President
                and CEO





Date:
                November 15, 2007
            By:
            /s/ Wang,
                XiaojunWang,
                Xiaojun
              Chief
                Financial Officer








21




**INDEX
        TO EXHIBITS**
  **Exhibit
                  No.**
              **Description**31.1
              Certification
                  of Chief Executive
                  Officer.31.2
              Certification
                  of Chief Financial
                  Officer.32.1
              Statement
                  required by 18 U.S.C. Section 1350, as adopted pursuant to section
                  906 of
                  the Sarbanes-Oxley Act of 2002.32.2
              Statement
                  required by 18 U.S.C. Section 1350, as adopted pursuant to section
                  906 of
                  the Sarbanes-Oxley Act of
                  2002.






22