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

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

| Large      Accelerated Filer   (    )           | Accelerated      Filer      (   ) |
|------------------------------------------------------------------------------------|--------------------------------------------------|
| Non-Accelerated      Filer     (    ) | Smaller      Reporting Company ( x      )        |

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|                                                                                                                                                                                                                       |                                                                                                  | Page   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|--------|
| PART      I – FINANCIAL INFORMATION                                                                                                                                                                                  |                                                                                                  |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Item      1.                                                                                                                                                                                                               | Financial      Statements                                                                             |   |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Condensed      Balance Sheets – December 31, 2009 and June 30, 2009      (Unaudited)                                                                                                                                 | 3                                                                                                     |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Condensed      Statements of Operations for the Three and Six Months Ended December 31,      2009 and 2008 and for the period from June 15, 2005 (Date of Inception)      Through  December 31, 2009 (Unaudited) | 4                                                                                                     |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Condensed      Statements of Cash Flows for the Six Months Ended December 31, 2009 and      2008 and for the period from June 15, 2005 (Date of Inception) Through      December 31, 2009 (Unaudited)                      | 5                                                                                                     |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Notes      to Condensed Financial Statements (Unaudited)                                                                                                                                                                   | 6                                                                                                     |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Item      2.                                                                                                                                                                                                               | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations | 7      |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Item      3.                                                                                                                                                                                                               | Quantitative      and Qualitative Disclosures about Market Risk                                       | 8      |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Item      4T.                                                                                                                                                                                                              | Controls      and Procedures                                                                          | 8      |
|                                                                                                                                                                                                                       |                                                                                                  |   |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| PART      II – OTHER INFORMATION                                                                                                                                                                                     |                                                                                                  |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Item      1.                                                                                                                                                                                                               | Legal      Proceedings                                                                                | 8      |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Item      1A.                                                                                                                                                                                                              | Risk      Factors                                                                                     | 8      |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Item      2.                                                                                                                                                                                                               | Unregistered      Sales of Equity Securities and Use of Proceeds                                      | 9      |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Item      3.                                                                                                                                                                                                               | Default      Upon Senior Securities                                                                   | 9      |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Item      4.                                                                                                                                                                                                               | Submission      of Matters to a Vote of Security Holders                                              | 9      |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Item      5.                                                                                                                                                                                                               | Other      Information                                                                                | 9      |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Item      6.                                                                                                                                                                                                               | Exhibits                                                                                              | 9      |
|                                                                                                                                                                                                                       |                                                                                                  |   |
| Signatures                                                                                                                                                                                                                 |                                                                                                  | 10     |

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| SCRAP      CHINA CORPORATION                                                                                                               |   |              |     |   |          |   |
|--------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|----------|--------|---------------|--------|
| (A      Development Stage Company)                                                                                                         |   |              |     |   |          |   |
| CONDENSED      BALANCE SHEETS                                                                                                              |   |              |     |   |          |   |
| (UNAUDITD)                                                                                                                                 |   |              |     |   |          |   |
|                                                                                                                                       |   |              |     |   |          |   |
|                                                                                                                                       |   | December      31, |     |   | June      30, |   |
|                                                                                                                                       |   | 2009              |     |   | 2009          |   |
| ASSETS                                                                                                                                     |   |              |     |   |          |   |
| Current      Assets                                                                                                                        |   |              |     |   |          |   |
| Cash                                                                                                                                       |   | $                 | 309      |   |          | $      | 327 |   |
|                                                                                                                                       |   |              |     |   |          |   |   |   |
| Total      Assets                                                                                                                          |   | $                 | 309      |   |          | $      | 327 |   |
|                                                                                                                                       |   |              |     |   |          |   |   |   |
|                                                                                                                                       |   |              |     |   |          |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' DEFICIT                                                                                                 |   |              |     |   |          |   |   |   |
| Current      Liabilities                                                                                                                   |   |              |     |   |          |   |   |   |
| Accrued      liabilities                                                                                                                   |   | $                 | 7,000    |   |          | $      | 10,850 |   |
| Payable      to related parties                                                                                                            |   |              | 179,096  |   |          |   | 166,872 |   |
|                                                                                                                                       |   |              |     |   |          |   |   |   |
| Total      Current Liabilities                                                                                                             |   |              | 186,096  |   |          |   | 177,722 |   |
|                                                                                                                                       |   |              |     |   |          |   |   |   |
| Stockholders'      Deficit                                                                                                                 |   |              |     |   |          |   |   |   |
| Common      shares - par value $0.001 per share; 250,000,000 shares authorized;      7,710,843 shares issued and outstanding, respectively |   |              | 7,711    |   |          |   | 7,711 |   |
| Additional      paid-in capital                                                                                                            |   |              | 2,289    |   |          |   | 2,289 |   |
| Deficit      accumulated during development stage                                                                                          |   |              | (195,787 | )      |          |   | (187,395 | ) |
|                                                                                                                                       |   |              |     |   |          |   |   |   |
| Total      Stockholders' Deficit                                                                                                           |   |              | (185,787 | )      |          |   | (177,395 | ) |
|                                                                                                                                       |   |              |     |   |          |   |   |   |
| Total      Liabilities and Stockholders' Deficit                                                                                           |   | $                 | 309      |   |          | $      | 327 |   |

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| SCRAP      CHINA CORPORATION                     |   |                            |      |   |                          |   |      |                        |   |   |      |   |   |                     |      |
|--------------------------------------------------|--------|---------------------------------|-----------|--------|-------------------------------|--------|-----------|-----------------------------|--------|--------|-----------|--------|--------|--------------------------|-----------|
| (A      Development Stage Company)               |   |                            |      |   |                          |   |      |                        |   |   |      |   |   |                     |      |
| CONDENSED      STATEMENTS OF OPERATIONS          |   |                            |      |   |                          |   |      |                        |   |   |      |   |   |
| (UNAUDITED)                                      |   |                            |      |   |                          |   |      |                        |   |   |      |   |   |                     |      |
|                                             |   |                            |      |   |                          |   |      |                        |   |   |      |   |   |                     |      |
|                                             |   |                            |      |   |                          |   |      |                        |   |   |      |   |   | 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     |   |
|                                             |   | 2009                            |      |   | 2008                          |   |      | 2009                        |   |   | 2008      |   |   | December      31, 2009   |      |
| Sales                                            |   | $                               | -         |   |                          | $      | -         |                        |   | $      | -         |   |   | $                        | -         |   |   | $ | - |   |
| Operating      Expenses                          |   |                            |      |   |                          |   |      |                        |   |   |      |   |   |                     |      |   |   |   |   |   |
| Selling,      general and adminstrative expenses |   |                            | 2,061     |   |                          |   | 4,471     |                        |   |   | 8,392     |   |   |                     | 8,155     |   |   |   | 195,787 |   |
| Total      Operating Expenses                    |   |                            | 2,061     |   |                          |   | 4,471     |                        |   |   | 8,392     |   |   |                     | 8,155     |   |   |   | 195,787 |   |
| Net      Loss                                    |   | $                               | (2,061    | )      |                          | $      | (4,471    | )                           |   | $      | (8,392    | )      |   | $                        | (8,155    | ) |   | $ | (195,787 | ) |
|                                             |   |                            |      |   |                          |   |      |                        |   |   |      |   |   |                     |      |   |   |   |   |   |
| 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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| SCRAP      CHINA CORPORATION               |   |                          |    |   |                        |   |    |                     |   |
|--------------------------------------------|--------|-------------------------------|---------|--------|-----------------------------|--------|---------|--------------------------|--------|
| (A      Development Stage Company)         |   |                          |    |   |                        |   |    |                     |   |
| CONDENSED      STATEMENTS OF CASH FLOWS    |   |                          |    |   |                        |   |    |                     |   |
| (UNAUDITED)                                |   |                          |    |   |                        |   |    |                     |   |
|                                       |   |                          |    |   |                        |   |    |                     |   |
|                                       |   |                          |    |   |                        |   |    | For      the period from |   |
|                                       |   | For      the Six Months Ended |    |   | June      15, 2005 (date of |   |
|                                       |   | December      31,             |    |   | inception)      through     |   |
|                                       |   | 2009                          |    |   | 2008                        |   |    | December      31, 2009   |   |
| Cash      Flows from Operating Activities: |   |                          |    |   |                        |   |    |                     |   |
| Net      loss                              |   | $                             | (8,392  | )      |                        | $      | (8,155  | )                        |   | $ | (195,787 | ) |
| Changes      in assets and liabilities:    |   |                          |    |   |                        |   |    |                     |   |   |   |   |
| Accrued      liabilities                   |   |                          | (3,850  | )      |                        |   | (2,020  | )                        |   |   | 7,000 |   |
| Net      Cash Used in Operating Activities |   |                          | (12,242 | )      |                        |   | (10,175 | )                        |   |   | (188,787 | ) |
|                                       |   |                          |    |   |                        |   |    |                     |   |   |   |   |
| Cash      Flows From Investing Activities: |   |                          | -       |   |                        |   | -       |                     |   |   | - |   |
|                                       |   |                          |    |   |                        |   |    |                     |   |   |   |   |
| Cash      Flows From Financing Activities: |   |                          |    |   |                        |   |    |                     |   |   |   |   |
| Payable      to related parties            |   |                          | 12,224  |   |                        |   | 10,157  |                     |   |   | 179,096 |   |
| Proceeds      from sale of common stock    |   |                          | -       |   |                        |   | -       |                     |   |   | 10,000 |   |
| Net      Cash From Financing Activities    |   |                          | 12,224  |   |                        |   | 10,157  |                     |   |   | 189,096 |   |
|                                       |   |                          |    |   |                        |   |    |                     |   |   |   |   |
| Net      Change in Cash                    |   |                          | (18     | )      |                        |   | (18     | )                        |   |   | 309 |   |
| Cash      at Beginning of Period           |   |                          | 327     |   |                        |   | 363     |                     |   |   | - |   |
| Cash      at End of Period                 |   | $                             | 309     |   |                        | $      | 345     |                     |   | $ | 309 |   |

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

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

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|                         |  Number      of Common Shares Voted |
|------------------------------|------------------------------------------|
|                         |  For                                |  Against |  Withheld |
|  Paul      Roszel       | 5,466,196                                | 0 | 0 |
|  Richard      Ivanovick | 5,466,196                                | 0 | 0 |
|  James      Roszel      | 5,466,196                                | 0 | 0 |

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|                  |                                 Scrap China      Corporation |
|-----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                  |                                                                                                                                                                                           |
|                  |                                                                                                                                                                                           |
|                  |                                                                                                                                                                                           |
|                  |                                                                                                                                                                                           |
| February      4, 2010 | /s/ Paul Roszel                                                                                                                                                                                |
|                  | Paul      Roszel, President and Chairman of the Board ofDirectors                                                                                                                              |
|                  |                                                                                                                                                                                           |
|                  |                                                                                                                                                                                           |
|                  |                                                                                                                                                                                           |
|                  |                                                                                                                                                                                           |
| February      4, 2010 | /s/ Richard Ivanovick                                                                                                                                                                          |
|                  | Richard      Ivanovick, C.A., Chief Financial and Accounting  Officer                                                                                                                          |

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