----

----

| 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) |

----

|                                   |                                                                                                                                                                                                                 | Page   |
|----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART      I - FINANCIAL INFORMATION    |                                                                                                                                                                                                                 |
|                                   |                                                                                                                                                                                                                 |   |
| Item      1.                           | Financial      Statements                                                                                                                                                                                            |   |
|                                   |                                                                                                                                                                                                                 |   |
|                                   | Condensed      Balance Sheets – March 31, 2008 and June 30, 2007    (Unaudited)                                                                                                                                | 3      |
|                                   |                                                                                                                                                                                                                 |   |
|                                   | Condensed      Statements of Operations for the Three and Nine Months Ended March 31,      2008 and March 31, 2007 and for the period from June 15, 2005 (Date of      Inception) Through March 31, 2008 (Unaudited) | 4      |
|                                   |                                                                                                                                                                                                                 |   |
|                                   | Condensed      Statements of Cash Flows for the Nine Months Ended March 31, 2008 and      March 31, 2007 and for the period from June 15, 2005 (Date of Inception)      Through March 31, 2008 (Unaudited)           | 5      |
|                                   |                                                                                                                                                                                                                 |   |
|                                   | Notes      to Condensed Financial Statements                                                                                                                                                                         | 6      |
|                                   |                                                                                                                                                                                                                 |   |
| Item      2.                           | Management’s      Discussion and Analysis                                                                                                                                                                      | 7      |
|                                   |                                                                                                                                                                                                                 |   |
| Item      3.                           | Controls      and Procedures                                                                                                                                                                                         | 8      |
|                                   |                                                                                                                                                                                                                 |   |
|                                   |                                                                                                                                                                                                                 |   |
| 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                                                                                                                                                                                               | 9      |
|                                   |                                                                                                                                                                                                                 |   |
| Item      6.                           | Exhibits      and Reports on Form 8-K                                                                                                                                                                                | 9      |
|                                   |                                                                                                                                                                                                                 |   |
|                                   | Signatures                                                                                                                                                                                                           | 10     |

----

SCRAP CHINA CORPORATION

|                                                                                                                         |   | March      31, |     |   | June      30, |   |
|------------------------------------------------------------------------------------------------------------------------------|--------|----------------|----------|--------|---------------|--------|
|                                                                                                                         |   | 2008           |     |   | 2007          |   |
| ASSETS                                                                                                                       |   |           |     |   |          |   |
| Current      Assets                                                                                                          |   |           |     |   |          |   |
| Cash                                                                                                                         |   | $              | 372      |   |          | $      | 399 |   |
| Total      Assets                                                                                                            |   | $              | 372      |   |          | $      | 399 |   |
|                                                                                                                         |   |           |     |   |          |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' DEFICIT                                                                                   |   |           |     |   |          |   |   |   |
| Current      Liabilities                                                                                                     |   |           |     |   |          |   |   |   |
| Accrued      liabilities                                                                                                     |   | $              | 2,960    |   |          | $      | 5,750 |   |
| Payable      to related party                                                                                                |   |           | 148,685  |   |          |   | 129,743 |   |
| Total      Current Liabilities                                                                                               |   |           | 151,645  |   |          |   | 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                                                                            |   |           | (161,273 | )      |          |   | (145,094 | ) |
| Total      Stockholders' Deficit                                                                                             |   |           | (151,273 | )      |          |   | (135,094 | ) |
| Total      Liabilities and Stockholders' Deficit                                                                             |   | $              | 372      |   |          | $      | 399 |   |

----

|                                             |   | For      the Three Months Ended |      |   | For      the Nine Months Ended |   |      |  For      the period from June 15, 2005 (Date of inception) through |   |
|--------------------------------------------------|--------|---------------------------------|-----------|--------|--------------------------------|--------|-----------|--------------------------------------------------------------------------|--------|
|                                             |   | March      31,                  |      |   | March      31,                 |   |      | March      31,                                                           |   |
|                                             |   | 2008                            |      |   | 2007                           |   |      | 2008                                                                     |   |   | 2007 |   |   | 2008 |   |
| Sales                                            |   | $                               | -         |   |                           | $      | -         |                                                                     |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Operating      Expenses                          |   |                            |      |   |                           |   |      |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling,      general and adminstrative expenses |   |                            | 2,739     |   |                           |   | 12,719    |                                                                     |   |   | 16,179 |   |   |   | 29,342 |   |   |   | 161,273 |   |
| Total      Operating Expenses                    |   |                            | 2,739     |   |                           |   | 12,719    |                                                                     |   |   | (16,179 | ) |   |   | (29,342 | ) |   |   | (161,273 | ) |
| Net      Loss                                    |   | $                               | (2,739    | )      |                           | $      | (12,719   | )                                                                        |   | $ | (16,179 | ) |   | $ | (29,342 | ) |   | $ | (161,273 | ) |
|                                             |   |                            |      |   |                           |   |      |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      and Diluted Net Loss per Share        |   | $                               | -         |   |                           | $      | -         |                                                                     |   | $ | - |   |   | $ | - |   |   |   |   |   |
| Weighted-Average      Common Shares Outstanding  |   |                            | 7,710,843 |   |                           |   | 7,710,843 |                                                                     |   |   | 7,710,843 |   |   |   | 7,710,843 |   |   |   |   |   |

----

SCRAP CHINA CORPORATION

|                                           |   | For      the Nine Months Ended March 31, |    |   | For      the period from June 15, 2005 (date of inception) through March      31, |   |
|------------------------------------------------|--------|------------------------------------------|---------|--------|-----------------------------------------------------------------------------------|--------|
|                                           |   | 2008                                     |    |   | 2007                                                                              |   |   | 2008 |   |
| Cash      Flows from Operating Activities:     |   |                                     |    |   |                                                                              |   |   |   |   |
| Net      loss                                  |   | $                                        | (16,179 | )      |                                                                              | $      | (29,342 | ) |   | $ | (161,273 | ) |
| Changes      in assets and liabilities:        |   |                                     |    |   |                                                                              |   |   |   |   |   |   |   |
|  Accrued      liabilities                 |   |                                     | (2,790  | )      |                                                                              |   | (2,270 | ) |   |   | 2,960 |   |
|  Payable      to related party            |   |                                     | 18,942  |   |                                                                              |   | 31,570 |   |   |   | 148,685 |   |
| Net      Cash Used in Operating Activities     |   |                                     | (27     | )      |                                                                              |   | (42 | ) |   |   | (9,628 | ) |
|                                           |   |                                     |    |   |                                                                              |   |   |   |   |   |   |   |
| 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                        |   |                                     | (27     | )      |                                                                              |   | (42 | ) |   |   | 372 |   |
| Cash      at Beginning of Period               |   |                                     | 399     |   |                                                                              |   | 450 |   |   |   | - |   |
| Cash      at End of Period                     |   | $                                        | 372     |   |                                                                              | $      | 408 |   |   | $ | 372 |   |

----

----

SFAS No. 133, Accounting for DerivativeInstruments and Hedging Activities to require enhanced disclosuresconcerning the manner in which an entity uses derivatives (and the reasons ituses them), the manner in which derivatives and related hedged items areaccounted for under 
SFAS No. 133 and interpretationsthereof, and the effects that derivatives and related hedged items have on anentity's financial position, financial performance, and cashflows.  SFAS No. 161 is effective for financial statements of fiscalyears and interim periods beginning after November 15, 2008.  TheCompany has not yet determined the effects on its consolidated financialstatements, if any, that may result upon the adoption of SFAS161.

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

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

----

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

----

----

|              | Scrap      China Corporation                                         |
|-------------------|----------------------------------------------------------------------|
|              |                                                                 |
|              |                                                                 |
|              |                                                                 |
|              |                                                                 |
|              |                                                                 |
| May      15, 2008 | /s/       Paul Roszel                                           |
|              | Paul      Roszel, President and Chairman of the Board ofDirectors    |
|              |                                                            |
|              |                                                                 |
|              |                                                                 |
|              |                                                                 |
|              |                                                                 |
|              |                                                                 |
| May      15, 2008 | /s/       Richard Ivanovick                                |
|              | Richard      Ivanovick, C.A., Chief Financial and Accounting Officer |
|              |                                                                 |
|              |                                                                 |

----