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| Utah                                                                |   | 81      - 0674073                                    |
|---------------------------------------------------------------------|--------|------------------------------------------------------|
| (State      or other jurisdiction of incorporation or organization) |   | (I.R.S.  Employer      Identification No.) |
|                                                                |   |                                                 |

| 175      East 400 South Suite 900, Salt Lake City, Utah |   | 84111           |   | 801-531-0404                     |
|---------------------------------------------------------|--------|-----------------|--------|----------------------------------|
| (Address      of principal executive offices)           |   | (Zip      Code) |   | (Issuer's      telephone number) |

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|                                      |                                                                                                                                                                                                                                   | Page          |
|-------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|
| PART      I – FINANCIAL INFORMATION |                                                                                                                                                                                                                                   |
|                                      |                                                                                                                                                                                                                                   |          |
| Item      1.                              | Financial      Statements                                                                                                                                                                                                              |          |
|                                      |                                                                                                                                                                                                                                   |          |
|                                      | Condensed      Balance Sheets – December 31, 2007 and June 30, 2007      (Unaudited)                                                                                                                                             | 3   |
|                                      |                                                                                                                                                                                                                                   |          |
|                                      | Condensed      Statements of Operations for the Three and Six Months Ended December 31,      2007 and December 31, 2006 and for the period from June 15, 2005 (Date of      Inception) Through  December 31, 2007(Unaudited) | 4   |
|                                      |                                                                                                                                                                                                                                   |          |
|                                      | Condensed      Statements of Cash Flows for the Six Months Ended December 31, 2007 and      December 31, 2006 and for the period from June 15, 2005 (Date of      Inception) Through December 31, 2007 (Unaudited)                     | 5   |
|                                      |                                                                                                                                                                                                                                   |          |
|                                      | Notes      to Condensed Financial Statements                                                                                                                                                                                           | 6   |
|                                      |                                                                                                                                                                                                                                   |          |
| Item      2.                              | Management’s      Discussion and Analysis                                                                                                                                                                                        | 7   |
|                                      |                                                                                                                                                                                                                                   |          |
| Item      3.                              | Controls      and Procedures                                                                                                                                                                                                           | 7   |
|                                      |                                                                                                                                                                                                                                   |          |
|                                      |                                                                                                                                                                                                                                   |          |
| PART      II – OTHER INFORMATION    |                                                                                                                                                                                                                                   |
|                                      |                                                                                                                                                                                                                                   |          |
| Item      1.                              | Legal      Proceedings                                                                                                                                                                                                                 | 8   |
|                                      |                                                                                                                                                                                                                                   |          |
| Item      2.                              | Changes      in Securities and Small Business Issuer Purchase of Equity      Securities                                                                                                                                                | 8   |
|                                      |                                                                                                                                                                                                                                   |          |
| Item      3.                              | Default      Upon Senior Securities                                                                                                                                                                                                    | 8   |
|                                      |                                                                                                                                                                                                                                   |          |
| Item      4.                              | Submission      of Matters to a Vote of Security Holders                                                                                                                                                                               | 8   |
|                                      |                                                                                                                                                                                                                                   |          |
| Item      5.                              | Other      Information                                                                                                                                                                                                                 | 8   |
|                                      |                                                                                                                                                                                                                                   |          |
| Item      6.                              | Exhibits      and Reports on Form 8-K                                                                                                                                                                                                  | 8   |
|                                      |                                                                                                                                                                                                                                   |          |
| Signatures                                |                                                                                                                                                                                                                                   | 9   |

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SCRAP CHINA CORPORATION

|                                                                                 |   | December      31, |     |   | June      30, |   |
|--------------------------------------------------------------------------------------|--------|-------------------|----------|--------|---------------|--------|
|                                                                                 |   | 2007              |     |   | 2007          |   |
| ASSETS                                                                               |   |              |     |   |          |   |
| Current      Assets                                                                  |   |              |     |   |          |   |
| Cash                                                                                 |   | $                 | 381      |   |          | $      | 399 |   |
| Total      Assets                                                                    |   |              | 381      |   |          |   | 399 |   |
|                                                                                 |   |              |     |   |          |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' DEFICIT                                           |   |              |     |   |          |   |   |   |
| Current      Liabilities                                                             |   |              |     |   |          |   |   |   |
| Accrued      liabilities                                                             |   |              | 2,730    |   |          |   | 5,750 |   |
| Payable      to related party                                                        |   |              | 146,185  |   |          |   | 129,743 |   |
| Total      Current Liabilities                                                       |   |              | 148,915  |   |          |   | 135,493 |   |
| Stockholders'      Deficit                                                           |   |              |     |   |          |   |   |   |
| Common      shares - par value $0.001 per share; 250,000,000 shares      authorized; |   |              |     |   |          |   |   |   |
|   7,710,843      shares issued and outstanding                             |   |              | 7,711    |   |          |   | 7,711 |   |
| Additional      paid-in capital                                                      |   |              | 2,289    |   |          |   | 2,289 |   |
| Deficit      accumulated during development stage                                    |   |              | (158,534 | )      |          |   | (145,094 | ) |
| Total      Stockholders' Deficit                                                     |   |              | (148,534 | )      |          |   | (135,094 | ) |
| Total      Liabilities and Stockholders' Deficit                                     |   | $                 | 381      |   |          | $      | 399 |   |

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SCRAP CHINA CORPORATION

|                                                  |   |                            |      |   |                          |   |      |                        |   |   |      |   |   |                          |      |
|-------------------------------------------------------|--------|---------------------------------|-----------|--------|-------------------------------|--------|-----------|-----------------------------|--------|--------|-----------|--------|--------|-------------------------------|-----------|
|                                                  |   |                            |      |   |                          |   |      |                        |   |   |      |   |   | For      the period      from |      |
|                                                  |   | For      the Three Months Ended |      |   | For      the Six Months Ended |   |      | June      15, 2005 (Date of |   |
|                                                  |   | December      31,               |      |   | December      31,             |   |      | inception)      through     |   |
|                                                  |   | 2007                            |      |   | 2006                          |   |      | 2007                        |   |   | 2006      |   |   | December      31, 2007        |      |
| Sales                                                 |   | $                               | -         |   |                          | $      | -         |                        |   | $      | -         |   |   | $                             | -         |   |   | $ | - |   |
| Operating      Expenses                               |   |                            |      |   |                          |   |      |                        |   |   |      |   |   |                          |      |   |   |   |   |   |
| Selling,      general and adminstrative expenses |   |                            | 4,679     |   |                          |   | 13,194    |                        |   |   | 13,440    |   |   |                          | 16,623    |   |   |   | (158,534 | ) |
| Total      Operating Expenses                         |   |                            | 4,679     |   |                          |   | 13,194    |                        |   |   | 13,440    |   |   |                          | 16,623    |   |   |   | (158,534 | ) |
| Net      Loss                                         |   | $                               | (4,679    | )      |                          | $      | (13,194   | )                           |   | $      | (13,440   | )      |   | $                             | (16,623   | ) |   | $ | (158,534 | ) |
|                                                  |   |                            |      |   |                          |   |      |                        |   |   |      |   |   |                          |      |   |   |   |   |   |
| Basic      and Diluted Net Loss per Share             |   | $                               | -         |   |                          | $      | -         |                        |   | $      | -         |   |   | $                             | -         |   |   | $ | - |   |
| Weighted-Average      Common                          |   |                            |      |   |                          |   |      |                        |   |   |      |   |   |                          |      |   |   |   |   |   |
| Shares      Outstanding                               |   |                            | 7,710,843 |   |                          |   | 7,710,843 |                        |   |   | 7,710,843 |   |   |                          | 7,710,843 |   |   |   |   |   |

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|                                           |   |                                                                                           |   |                                                                                           |   |                                                                                                             |
|------------------------------------------------|--------|------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------|
|                                           |   |                                                                                           |   |                                                                                           |   | For      the period from                                                                                         |
|                                           |   | For      the Six Months Ended                                                                  |   | June      15, 2005 (date of                                                                    |
|                                           |   | December      31,                                                                              |   | inception)      through                                                                        |
|                                           |   | 2007                                                                                           |   | 2006                                                                                           |   | December      31, 2007                                                                                           |
| Cash      Flows from Operating Activities:     |   |                                                                                           |   |                                                                                           |   |                                                                                                             |
| Net      loss                                  |   | $        (13,440)                                      |   | $        (16,623)                                      |   | $         (158,534)                                                 |
| Changes      in assets and liabilities:        |   |                                                                                           |   |                                                                                           |   |                                                                                                             |
| Prepaids                                       |   | -                                                                                              |   | (5,000)                                                                                        |   | -                                                                                                                |
| Accrued      liabilities                       |   | (3,020)                                                                                        |   | (2,250)                                                                                        |   | 2,730                                                                                                            |
| Payable      to related party                  |   | 16,442                                                                                         |   | 23,840                                                                                         |   | 146,185                                                                                                          |
| Net      Cash Used in Operating Activities     |   | (18)                                                                                           |   | (33)                                                                                           |   | (9,619)                                                                                                          |
|                                           |   |                                                                                           |   |                                                                                           |   |                                                                                                             |
| Cash      Flows from Investing Activities:     |   | -                                                                                              |   | -                                                                                              |   | -                                                                                                                |
|                                           |   |                                                                                           |   |                                                                                           |   |                                                                                                             |
| Cash      Flows from Financing Activities:     |   |                                                                                           |   |                                                                                           |   |                                                                                                             |
| Proceeds      from sale of common stock        |   | -                                                                                              |   | -                                                                                              |   | 10,000                                                                                                           |
| Net      Cash Provided by Financing Activities |   | -                                                                                              |   | -                                                                                              |   | 10,000                                                                                                           |
|                                           |   |                                                                                           |   |                                                                                           |   |                                                                                                             |
| Net      Change in Cash                        |   | (18)                                                                                           |   | (33)                                                                                           |   | 381                                                                                                              |
| Cash      at Beginning of Period               |   | 399                                                                                            |   | 450                                                                                            |   | -                                                                                                                |
| Cash      at End of Period                     |   | $               381 |   | $               417 |   | $                  381 |

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| 1.   | General      Administration for Quality Supervision, Inspection and      Quarantine  - AQSIQ |
|----------------|--------------------------------------------------------------------------------------------------------|

| 2.   | Compulsory      Certificate – CCC |
|----------------|-----------------------------------------|

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| ITEM      1.  | LEGAL      PROCEEDINGS |
|--------------------|------------------------|

| ITEM      2. | CHANGES      IN SECURITIES AND SMALL BUSINESS ISSUER PURCHASE OF EQUITY      SECURITIES |
|--------------|-----------------------------------------------------------------------------------------|

| ITEM      3.  | DEFAULT      UPON SENIOR SECURITIES |
|--------------------|-------------------------------------|

| ITEM      4.  | SUBMISSION      OF MATTERS TO A VOTE OF SECURITYHOLDERS |
|--------------------|---------------------------------------------------------|

| ITEM      5.  | OTHER      INFORMATION |
|--------------------|------------------------|

| ITEM      6.  | EXHIBITS      AND REPORTS ON FORM 8-K |
|--------------------|---------------------------------------|

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|                   |                      Scrap China Corporation |
|------------------------|-------------------------------------------------------------------------------------------------------------------------|
|                   |                                                                                                                    |
|                   |                                                                                                                    |
|                   |                                                                                                                    |
|                   |                                                                                                                    |
|                   |                                                                                                                    |
| February      13, 2008 | /s/      Paul Roszel                                                                                               |
|                   |          Paul Roszel                                                                                     |
|                   |          President and Chairman of the Board of Directors                                                |
|                   |                                                                                                                    |
|                   |                                                                                                                    |
|                   |                                                                                                                    |
|                   |                                                                                                                    |
|                   |                                                                                                                    |
| February      13, 2008 | /s/      Richard R. Ivanovick                                                                                           |
|                   |           Richard R. Ivanovick, C.A.                                                                |
|                   |           Chief Financial and AccountingOfficer                                                     |

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