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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) | (Registrant's      telephone number) |

| (Copies      to:)                                                                                                                                        |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| Steve      Taylor, 175 East 400 South, Suite 900 Salt Lake City, Utah,      84111         801      578-3283 |

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

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ITEM 1.   FINANCIAL STATEMENTS

| SCRAP      CHINA CORPORATION                                                         |   |               |     |   |          |   |
|--------------------------------------------------------------------------------------|--------|--------------------|----------|--------|---------------|--------|
| (A      Development Stage Company)                                                   |   |               |     |   |          |   |
| CONDENSED      BALANCE SHEETS                                                        |   |               |     |   |          |   |
| (UNAUDITED)                                                                          |   |               |     |   |          |   |
|                                                                                 |   | September      30, |     |   | June      30, |   |
|                                                                                 |   | 2008               |     |   | 2008          |   |
| ASSETS                                                                               |   |               |     |   |          |   |
| Current      Assets                                                                  |   |               |     |   |          |   |
| Cash                                                                                 |   | $                  | 354      |   |          | $      | 363 |   |
| Total      Assets                                                                    |   | $                  | 354      |   |          | $      | 363 |   |
|                                                                                 |   |               |     |   |          |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' DEFICIT                                           |   |               |     |   |          |   |   |   |
| Current      Liabilities                                                             |   |               |     |   |          |   |   |   |
| Accrued      liabilities                                                             |   | $                  | 8,480    |   |          | $      | 8,250 |   |
| Payable      to related party                                                        |   |               | 154,180  |   |          |   | 150,735 |   |
|         Total Current Liabilities                                          |   |               | 162,660  |   |          |   | 158,985 |   |
|                                                                                 |   |               |     |   |          |   |   |   |
| 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                                    |   |               | (172,306 | )      |          |   | (168,622 | ) |
|         Total Stockholders' Deficit                                        |   |               | (162,306 | )      |          |   | (158,622 | ) |
| Total      Liabilities and Stockholders' Deficit                                     |   | $                  | 354      |   |          | $      | 363 |   |

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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 |   |   | June      15, 2005 (date of |
|                                                                            |   | September      30, |   |   | inception)      through |
|                                                                            |   | 2008 |   |   | 2007 |   |   | September      30, 2008 |
| Sales                                                                           |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Operating      Expenses                                                         |   |   |   |   |   |   |   |   |   |   |   |   |
|            Selling, general and adminstrative expenses |   |   | 3,684 |   |   |   | 8,761 |   |   |   |        172,306 |   |
|         Total Operating Expenses                                      |   |   | 3,684 |   |   |   | 8,761 |   |   |   | 172,306 |   |
| Net      Loss                                                                   |   | $ | (3,684 | ) |   | $ | (8,761 | ) |   | $ | (172,306 | ) |
|                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic      and Diluted Net Loss per Share                                       |   | $ | - |   |   | $ | - |   |   |   |   |   |
| Weighted-Average      Common                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|         Shares Outstanding                                            |   |   | 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 Three Months Ended |   |   | June      15, 2005 (date of |   |
|                                                  |   | September      30,              |   |   | inception)      through     |   |
|                                                  |   | 2008                            |   |   | 2007                        |   |   | September      30, 2008  |   |
| Cash      Flows from Operating Activities:            |   |                            |   |   |                        |   |   |                     |   |
| Net      loss                                         |   | $                               | (3,684 | )      |                        | $      | (8,761 | )                        |   | $ | (172,306 | ) |
| Changes      in assets and liabilities:               |   |                            |   |   |                        |   |   |                     |   |   |   |   |
|         Accrued liabilities                 |   |                            | 230    |   |                        |   | (3,020 | )                        |   |   | 8,480 |   |
|         Payable to related party            |   |                            | 3,445  |   |                        |   | 11,772 |                     |   |   | 154,180 |   |
|        Net Cash Used in Operating Activities     |   |                            | (9     | )      |                        |   | (9     | )                        |   |   | (9,646 | ) |
|                                                  |   |                            |   |   |                        |   |   |                     |   |   |   |   |
| 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                               |   |                            | (9     | )      |                        |   | (9     | )                        |   |   | 354 |   |
| Cash      at Beginning of Period                      |   |                            | 363    |   |                        |   | 399    |                     |   |   | - |   |
| Cash      at End of Period                            |   | $                               | 354    |   |                        | $      | 390    |                     |   | $ | 354 |   |
|                                                  |   |                            |   |   |                        |   |   |                     |   |   |   |   |

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NOTES TO CONDENSED FINANCIAL STATEMENTS

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ITEM 2

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

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

ITEM 3

ITEM 4T

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ITEM 1

ITEM 1A

ITEM 2

|   | None |
|--------|------|

ITEM 3

ITEM 4.  

ITEM 5

ITEM 6

Exhibit 31.1

Exhibit 31.2

Exhibit 32.1

Exhibit 32.2

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|   | Reports      on Form 8-K |
|--------|--------------------------|

SIGNATURES

|                   | Scrap      China Corporation                             |
|------------------------|----------------------------------------------------------|
|                   |                                                     |
|                   |                                                     |
|                   |                                                     |
|                   |                                                     |
|                   |                                                     |
| November      14, 2008 |                                                     |
|                   | Paul      Roszel, President and Chairman of the Board of |
|                   |    Directors                              |

| November      14, 2008 |                                              |
|------------------------|---------------------------------------------------|
|                   | Richard      Ivanovick, C.A., Chief Financial and |
|                   |    Accounting      Officer         |

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