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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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**SCRAP        CHINA CORPORATION**

**FORM        10-QSB**

**QUARTER        ENDED March 31, 2007**

**TABLE        OF CONTENTS**

|                                                |                                                                                                                                                                                                                                                                                       | **Page** |
|-----------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
| **PART                  I - FINANCIAL INFORMATION** |                                                                                                                                                                                                                                                                                       |
|                                                |                                                                                                                                                                                                                                                                                       |     |
| Item                  1.                            | Financial                  Statements                                                                                                                                                                                                                                                      |     |
|                                                |                                                                                                                                                                                                                                                                                       |     |
|                                                | Condensed                  Balance Sheets - March 31, 2007 and June 30, 2006                  (Unaudited)                                                                                                                                                                                  | 3        |
|                                                |                                                                                                                                                                                                                                                                                       |     |
|                                                | Condensed                  Statements of Operations for the Three and Nine Months Ended March                  31,                  2007 and March 31, 2006 and for the period from June 15, 2005 (Date                  of                  Inception) Through March 31, 2007 (Unaudited) | 4        |
|                                                |                                                                                                                                                                                                                                                                                       |     |
|                                                | Condensed                  Statements of Cash Flows for the Nine Months Ended March 31, 2007                  and                  March 31, 2006 and for the period from June 15, 2005 (Date of Inception)                  Through March 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**

**PART        I - FINANCIAL INFORMATION**

**ITEM        1. FINANCIAL STATEMENTS**

**SCRAP        CHINA CORPORATION**

**(A        Development Stage Company)**

**CONDENSED        BALANCE SHEETS**

**(UNAUDITED)**

|                                                                                                                                                 |   | **March                  31,** |     | **June                  30,** |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|----------|-------------------------------|--------|
|                                                                                                                                                 |   | **2007**                       |     | **2006**                      |   |
| **ASSETS**                                                                                                                                           |   |                           |     |                          |   |
| **Current                  Assets**                                                                                                                  |   |                           |     |                          |   |
| Cash                                                                                                                                                 |   | $                              | 408      |                          | $      | 450 |   |
|                                                                                                                                                 |   |                           |     |                          |   |   |   |
| **Total                  Assets**                                                                                                                    |   | $                              | 408      |                          | $      | 450 |   |
|                                                                                                                                                 |   |                           |          |                          |   |  |   |
| **LIABILITIES                  AND STOCKHOLDERS' DEFICIT**                                                                                           |   |                           |     |                          |   |   |   |
| **Current                  Liabilities**                                                                                                             |   |                           |     |                          |   |   |   |
| Accrued                  liabilities                                                                                                                 |   | $                              | 2,730    |                          | $      | 5,000 |   |
| Payable                  to related party                                                                                                            |   |                           | 118,686  |                          |   | 87,116 |   |
|                                                                                                                                                 |   |                           |     |                          |   |   |   |
| **Total                  Current Liabilities**                                                                                                       |   |                           | 121,416  |                          |   | 92,116 |   |
|                                                                                                                                                 |   |                           |          |                          |   |  |   |
| **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                                                                                        |   |                           | (131,008 | )                             |   | (101,666 | ) |
|                                                                                                                                                 |   |                           |     |                          |   |   |   |
| **Total                  Stockholders' Deficit**                                                                                                     |   |                           | (121,008 | )                             |   | (91,666 | ) |
|                                                                                                                                                 |   |                           |     |                          |   |   |   |
| **Total                  Liabilities and Stockholders' Deficit**                                                                                     |   | $                              | 408      |                          | $      | 450 |   |

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**SCRAP        CHINA CORPORATION**

**(A        Development Stage Company)**

**CONDENSED        STATEMENTS OF OPERATIONS**

**(UNAUDITED)**

|                                                             |   | **For                  the Three Months****Ended                  March 31,** |      | **For                  the Nine Months****Ended                  March 31,** |   | **For                  the period from June 15, 2005 (date of inception) through March                  31,** |   |
|------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|-----------|------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------|--------|
|                                                             |   | **2007**                                                                      |      | **2006**                                                                     |   | **2007**                                                                                                      |   | **2006** |   | **2007** |   |
| **Sales**                                                        |   | $                                                                             | -         |                                                                         | $      | -                                                                                                             |   | $ | - |   | $ | - |   | $ | - |   |
|                                                             |   |                                                                          |      |                                                                         |   |                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| **Operating                  Expenses**                          |   |                                                                          |      |                                                                         |   |                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| Selling,                    general and adminstrative expenses   |   |                                                                          | 12,179    |                                                                         |   | 14,542                                                                                                        |   |   | 29,342 |   |   | 69,340 |   |   | 131,008 |   |
|                                                             |   |                                                                          |      |                                                                         |   |                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| **Total                  Operating Expenses**                    |   |                                                                          | (12,179   | )                                                                            |   | (14,542                                                                                                       | )      |   | (29,342 | ) |   | (69,340 | ) |   | (131,008 | ) |
|                                                             |   |                                                                          |      |                                                                         |   |                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| **Net                  Loss**                                    |   | $                                                                             | (12,179   | )                                                                            | $      | (14,542                                                                                                       | )      | $ | (29,342 | ) | $ | (69,340 | ) | $ | (131,008 | ) |
|                                                             |   |                                                                          |      |                                                                         |   |                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| **Basic                  and Diluted Net Loss per Share**        |   | $                                                                             | (0.00     | )                                                                            | $      | (0.00                                                                                                         | )      | $ | (0.00 | ) | $ | (0.01 | ) |   |   |   |
|                                                             |   |                                                                          |      |                                                                         |   |                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| **Weighted-Average                    Common**Shares Outstanding |   |                                                                          | 7,710,843 |                                                                         |   | 9,044,085                                                                                                     |   |   | 7,710,843 |   |   | 9,677,821 |   |   |   |   |

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**SCRAP        CHINA CORPORATION**

**(A        Development Stage Company)**

**CONDENSED        STATEMENTS OF CASH FLOWS**

**(UNAUDITED)**

|                                                                     |   | **For                  the Nine Months****Ended                  March 31,** |    | **For                  the period from June 15, 2005 (date of inception)                  through****March                  31,** |   |
|--------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|---------|-----------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                     |   | **2007**                                                                     |    | **2006**                                                                                                                          |   | **2007** |   |
| **Cash                  Flows from Operating Activities:**               |   |                                                                         |    |                                                                                                                              |   |   |   |
| Net                  loss                                                |   | $                                                                            | (29,342 | )                                                                                                                                 | $      | (69,340 | ) | $ | (131,008 | ) |
| Changes                  in assets and liabilities:                      |   |                                                                         |    |                                                                                                                              |   |   |   |   |   |   |
| Prepaid                  expenses                                        |   |                                                                         | -       |                                                                                                                              |   | 4,000 |   |   | - |   |
| Accrued                  liabilities                                     |   |                                                                         | (2,270  | )                                                                                                                                 |   | 730 |   |   | 2,730 |   |
| Payable                  to related party                                |   |                                                                         | 31,570  |                                                                                                                              |   | 64,910 |   |   | 118,686 |   |
| **Net                  Cash (Used in) Provided by Operating Activities** |   |                                                                         | (42     | )                                                                                                                                 |   | 300 |   |   | (9,592 | ) |
|                                                                     |   |                                                                         |    |                                                                                                                              |   |   |   |   |   |   |
| **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**                                  |   |                                                                         | (42     | )                                                                                                                                 |   | 300 |   |   | 408 |   |
| **Cash                  at Beginning of Period**                         |   |                                                                         | 450     |                                                                                                                              |   | 168 |   |   | - |   |
| **Cash                  at End of Period**                               |   | $                                                                            | 408     |                                                                                                                              | $      | 468 |   | $ | 408 |   |

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**SCRAP        CHINA CORPORATION**

**NOTES        TO CONDENSED FINANCIAL STATEMENTS**

**(UNAUDITED)**

**NOTE        1-ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES**

**Organization        and Nature of Operations**
***—***

**Basis        of Presentation —**

**Business        Condition**
*** ***

**NOTE        2-PAYABLE TO RELATED PARTY**

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**ITEM        2 - MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF        OPERATIONS**

**Plan        of Operation**

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

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

**Off-Balance        Sheet Arrangements**

**ITEM        3 - CONTROLS AND PROCEDURES**

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**PART        II - OTHER INFORMATION**

| **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 SECURITY                  HOLDERS** |
|----------------------------|-------------------------------------------------------------------------------------------|

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

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

**Index        to Exhibits**

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**Reports        on Form 8-K**

**SIGNATURES**

|                          | Scrap                  China Corporation                                                                                                                                                                                                                                                                           |
|-------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                          |                                                                                                                                                                                                                                                                                                               |
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|                          |                                                                                                                                                                                                                                                                                                               |
| May                  15, 2007 | /s/ Paul                Roszel                                               |
|                          | Paul                  Roszel, President and Chairman of the                   Board of Directors                                                                                                                                                                                                              |
|                          |                                                                                                                                                                                                                                                                                                               |
|                          |                                                                                                                                                                                                                                                                                                               |
|                          |                                                                                                                                                                                                                                                                                                               |
|                          |                                                                                                                                                                                                                                                                                                               |
|                          |                                                                                                                                                                                                                                                                                                               |
| May                  15, 2007 | /s/ Richard                Ivanovick                                                                                 |
|                          | Richard                  Ivanovick, C.A., Chief Financial and                   Accounting Officer                                                                                                                                                                                                            |

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