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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 September 30, 2007**

**TABLE        OF CONTENTS**

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

|                                                                                                                                                                             |   | **September                  30,** |     |   | **June                  30,** |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|----------|--------|-------------------------------|--------|
|                                                                                                                                                                             |   | **2007**                           |     |   | **2007**                      |   |
| **ASSETS**                                                                                                                                                                       |   |                               |     |   |                          |   |
| **Current                  Assets**                                                                                                                                              |   |                               |     |   |                          |   |
| Cash                                                                                                                                                                             |   | $                                  | 390      |   |                          | $      | 399 |   |
|                                                                                                                                                                             |   |                               |     |   |                          |   |   |   |
| **Total                  Assets**                                                                                                                                                |   | $                                  | 390      |   |                          | $      | 399 |   |
|                                                                                                                                                                             |   |                               |     |   |                          |   |   |   |
| **LIABILITIES                  AND STOCKHOLDERS' DEFICIT**                                                                                                                       |   |                               |     |   |                          |   |   |   |
| **Current                  Liabilities**                                                                                                                                         |   |                               |     |   |                          |   |   |   |
| Accrued                  liabilities                                                                                                                                             |   | $                                  | 2,730    |   |                          | $      | 5,750 |   |
| Payable                  to related party                                                                                                                                        |   |                               | 141,515  |   |                          |   | 129,743 |   |
|                                                                                                                                                                             |   |                               |     |   |                          |   |   |   |
| **Total                  Current Liabilities**                                                                                                                                   |   |                               | 144,245  |   |                          |   | 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                                                                                                                    |   |                               | (153,855 | )      |                          |   | (145,094 | ) |
|                                                                                                                                                                             |   |                               |     |   |                          |   |   |   |
| **Total                  Stockholders' Deficit**                                                                                                                                 |   |                               | (143,855 | )      |                          |   | (135,094 | ) |
|                                                                                                                                                                             |   |                               |     |   |                          |   |   |   |
| **Total                  Liabilities and Stockholders' Deficit**                                                                                                                 |   | $                                  | 390      |   |                          | $      | 399 |   |

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**SCRAP        CHINA CORPORATION**

**(A        Development Stage Company)**

**CONDENSED        STATEMENTS OF OPERATIONS**

**(UNAUDITED)**

|                                                              |   | **For                    the Three Months Ended****September                    30,** |      |   | **For                    the period from June 15, 2005 (date of inception)                    through****September                    30,** |   |
|-------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|-----------|--------|---------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                              |   | **2007**                                                                              |      |   | **2006**                                                                                                                                    |   |   | **2007** |   |
| **Sales**                                                         |   | $                                                                                     | -         |   |                                                                                                                                        | $      | - |   |   | $ | - |   |
|                                                              |   |                                                                                  |      |   |                                                                                                                                        |   |   |   |   |   |   |   |
| **Operating                    Expenses**                         |   |                                                                                  |      |   |                                                                                                                                        |   |   |   |   |   |   |   |
| Selling,                    general and adminstrative expenses    |   |                                                                                  | 8,761     |   |                                                                                                                                        |   | 3,429 |   |   |   | 153,855 |   |
|                                                              |   |                                                                                  |      |   |                                                                                                                                        |   |   |   |   |   |   |   |
| **Total                    Operating Expenses**                   |   |                                                                                  | 8,761     |   |                                                                                                                                        |   | 3,429 |   |   |   | 153,855 |   |
|                                                              |   |                                                                                  |      |   |                                                                                                                                        |   |   |   |   |   |   |   |
| **Net                    Loss**                                   |   | $                                                                                     | (8,761    | )      |                                                                                                                                        | $      | (3,429 | ) |   | $ | (153,855 | ) |
|                                                              |   |                                                                                  |      |   |                                                                                                                                        |   |   |   |   |   |   |   |
| **Basic                    and Diluted Net Loss per Share**       |   | $                                                                                     | (0.00     | )      |                                                                                                                                        | $      | (0.00 | ) |   |   |   |   |
|                                                              |   |                                                                                  |      |   |                                                                                                                                        |   |   |   |   |   |   |   |
| **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 Three Months Ended****September                  30,** |   |   | **For                  the period from June 15, 2005 (date of inception)                  through****September                  30,** |   |
|----------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                           |   | **2007**                                                                          |   |   | **2006**                                                                                                                              |   |   | **2007** |   |
| **Cash                  Flows from Operating Activities:**     |   |                                                                              |   |   |                                                                                                                                  |   |   |   |   |
| Net                  loss                                      |   | $                                                                                 | (8,761 | )      |                                                                                                                                  | $      | (3,429 | ) |   | $ | (153,855 | ) |
| Changes                  in assets and liabilities:            |   |                                                                              |   |   |                                                                                                                                  |   |   |   |   |   |   |   |
|  Accrued                  liabilities                     |   |                                                                              | (3,020 | )      |                                                                                                                                  |   | 2,750 |   |   |   | 2,730 |   |
|  Payable                  to related party                |   |                                                                              | 11,772 |   |                                                                                                                                  |   | 655 |   |   |   | 141,515 |   |
|                                                           |   |                                                                              |   |   |                                                                                                                                  |   |   |   |   |   |   |   |
| **Net                  Cash Used in Operating Activities**     |   |                                                                              | (9     | )      |                                                                                                                                  |   | (24 | ) |   |   | (9,610 | ) |
|                                                           |   |                                                                              |   |   |                                                                                                                                  |   |   |   |   |   |   |   |
| **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     | )      |                                                                                                                                  |   | (24 | ) |   |   | 390 |   |
|                                                           |   |                                                                              |   |   |                                                                                                                                  |   |   |   |   |   |   |   |
| **Cash                  at Beginning of Period**               |   |                                                                              | 399    |   |                                                                                                                                  |   | 450 |   |   |   | - |   |
|                                                           |   |                                                                              |   |   |                                                                                                                                  |   |   |   |   |   |   |   |
| **Cash                  at End of Period**                     |   | $                                                                                 | 390    |   |                                                                                                                                  | $      | 426 |   |   | $ | 390 |   |

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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                                                          |
|------------------------------------|---------------------------------------------------------------------------------------------------|
|                               |                                                                                              |
|                               |                                                                                              |
|                               |                                                                                              |
|                               |                                                                                              |
|                               |                                                                                              |
| November                  14, 2007 | /s/                Paul Roszel                                                                    |
|                               | Paul                  Roszel, President and Chairman of the Board of Directors                    |
|                               |                                                                                              |
|                               |                                                                                              |
|                               |                                                                                              |
|                               |                                                                                              |
| November                  14, 2007 | /s/                Richard Ivanovick                                                              |
|                               | Richard                  Ivanovick, C.A., Chief Financial and Accounting                  Officer |

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