U. S.
Securities and Exchange Commission


Washington,
D. C. 20549





FORM
10-QSB







[X]
            QUARTERLY
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934





For the quarterly period ended December 31, 2007





[  ]
            TRANSITION
      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934




For the transition period from _____ to _____





Commission
File No. 0-52496





CHINA JIANYE FUEL,
INC.


(Name of
Small Business Issuer in its Charter)





Deleware
            20-8296010


(State
      or Other Jurisdiction of
            (IRS Employer I.D. No.)


incorporation or organization)





100 Wall Street, 15thFloor, New
York, NY 10005


(Address
of Principal Executive Offices)





Issuer's
Telephone Number: (212) 232-0120








Indicate  by
check mark  whether the  Registrant  (1) has filed
all reports required to be filed by Sections 13 or 15(d) of
the  Securities Exchange Act of
1934  during  the  preceding  12
months  (or for such shorter  period  that the
Registrant was required to file such reports),  and (2) has been
subject to such filing requirements for the past 90 days.





YesX                  No





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act)  Yes  ___   No 
X_





APPLICABLE
ONLY TO CORPORATE ISSUERS:  Indicate the number of shares outstanding
of each of the Registrant's classes of common stock, as of the latest
practicable date:


March 13,
2008


Common
Voting Stock:  29,976,923





Transitional
Small Business Disclosure Format (check
one):                 Yes
___           NoX





CHINA
JIANYE FUEL, INC
 
 CONSOLIDATED
FINANCIAL STATEMENTS
 
 DECEMBER
31, 2007 AND 2006
 
 (UNAUDITED)








Consolidated
      Balance Sheet
              2Consolidated
      Statements of Operations and Comprehensive Income
              3Consolidated
      Statements of Cash Flows
              4Notes
      to Consolidated Financial Statements
              5


CHINA
JIANYE FUEL, INC
 
 CONSOLIDATED
BALANCE SHEET
 
 ASSETS
 
 
 December 31,2007(unaudited)CURRENT
      ASSETSCash and cash
      equivalents
              
              $
              6,012Accounts receivable, net of
      allowance of $20,624
              
              
              4,104,180Advances to
    suppliers
              
              
              853,306Inventory
              
              
              497,794Other current
    assets
              
              
              9,762Total Current
    Assets
              
              
              5,471,054PROPERTY
      AND EQUIPMENT, NET
              
              
              2,706,229OTHER
      ASSETSIntangibles, net
              
              
              59,264Deferred production costs,
      net
              
              
              266,098Total Other
Assets
              
              
              325,362Total Assets
              
              $
              8,502,645LIABILITIES
      AND STOCKHOLDERS’ EQUITYCURRENT
      LIABILITIESAccounts payable and accrued
      expenses
              
              $
              62,551Due to related
      parties
              
              
              254,162Due to
    shareholders
              
              
              22,617VAT tax payable
              
              
              319,768Other current
      liabilities
              
              
              12,015Total Current
      Liabilities
              
              
              671,113STOCKHOLDERS’
      EQUITYCommon Stock, $0.001 par value,
      194,850,000 shares issuedand
      outstanding
              
              
              194,850Additional paid-in
      capital
              
              
              5,355,174Retained earnings
              
              
              2,033,985Accumulated other comprehensive
      income
              
              
              247,523Total Stockholders’
      Equity
              
              
              7,831,532Total Liabilities and
      Stockholders' Equity
              
              $
              8,502,645
  
 
 The
accompanying notes are an integral part of these consolidated financial
statements.
 
 - 2
-
  
  CHINA
JIANYE FUEL, INC
 
 CONSOLIDATED
STATEMENTS OF OPERATIONS
 
 AND
COMPREHENSIVE INCOME
 
 
 
 The
      Three Months Ended
                
                
                The
      six Months EndedDecember 31,
                
                
                December 31,2007
                
                
                2006
                
                
                2007
                
                
                2006(unaudited)
                
                
                (unaudited)SALES
                
                $
                3,449,434
                
                
                $
                68,242
                
                
                $
                3,497,730
                
                
                $
                110,189COST
      OF GOODS SOLD
                
                
                1,316,038
                
                
                
                16,356
                
                
                
                1,373,581
                
                
                
                61,192GROSS
      PROFIT
                
                
                2,133,396
                
                
                
                51,886
                
                
                
                2,124,149
                
                
                
                48,997EXPENSESSelling, general and
      administrative
                
                
                86,725
                
                
                
                89,446
                
                
                
                89,189
                
                
                
                91,166INCOME
      FROM OPERATIONS
                
                
                2,046,671
                
                
                
                (37,560
                )
                
                
                2,034,960
                
                
                
                (42,169
                )OTHER
      INCOME (EXPENSES)
                
                
                -
                
                
                
                (43,219
                )
                
                
                -
                
                
                
                (44,253
                )INCOME
      BEFORE PROVISION FOR
                
                
                2,046,671
                
                
                
                (80,779
                )
                
                
                2,034,960
                
                
                
                (86,422
                )INCOME
      TAXPROVISION
      FOR INCOME TAX
                
                
                -
                
                
                
                -
                
                
                
                -
                
                
                
                -NET
      INCOME
                
                
                2,046,671
                
                
                
                (80,779
                )
                
                
                2,034,960
                
                
                
                (86,422
                )OTHER
      COMPREHENSIVE INCOMEForeign currency translation
      adjustment
                
                
                (161,873
                )
                
                
                (5,666
                )
                
                
                (68,177
                )
                
                
                121,100COMPREHENSIVE
      INCOME
                
                $
                1,884,798
                
                
                $
                ( 86,445
                )
                
                $
                1,966,783
                
                
                $
                34,678BASIC
      EARNINGS PER SHARE
                
                $
                .02
                
                
                $
                -
                
                
                $
                .04
                
                
                $
                -DILUTED
      EARNINGS PER SHARE
                
                $
                .02
                
                
                $
                -
                
                
                $
                .04
                
                
                $
                -WEIGHTED
      AVERAGESHARES
      OUTSTANDINGBASIC
                
                
                101,963,397
                
                
                
                -
                
                
                
                53,455,948
                
                
                
                -DILUTED
                
                
                101,963,397
                
                
                
                -
                
                
                
                53,455,948
                
                
                
                -
 
 The
accompanying notes are an integral part of these consolidated financial
statements.
 
 - 3
-
  
  CHINA
JIANYE FUEL, INC
 
 CONSOLIDATED
STATEMENTS OF CASH FLOWS
 
 For
      the Six Months EndedDecember 31,2007
                
                
                2006(unaudited)
                
                
                (unaudited)CASH
      FLOWS FROM OPERATING ACTIVITIESNet
      Income
                
                $
                2,034,960
                
                
                $
                ( 86,422
                )Adjustments
      to reconcile net loss to net cash provided(used)
      by operating activities:Bad debt expense
                
                
                20,096
                
                
                
                -Depreciation and
      amortization
                
                
                64,382
                
                
                
                52,452Deferred depreciation
      expense
                
                
                (12,544
                )
                
                
                (24,801
                )Changes in current assets and
      current liabilities:Accounts
      receivable
                
                
                (4,019,202
                )
                
                
                -Advances
      to suppliers
                
                
                1,840,340
                
                
                
                -Inventory
                
                
                (321,494
                )
                
                
                (6,382
                )Inter
      company and related party
                
                
                107,212
                
                
                
                35,599Other
      current assets
                
                
                (8,200
                )
                
                
                -Accounts
      payable and accrued expenses
                
                
                (66,193
                )
                
                
                49,346Due
      to shareholders
                
                
                37,578
                
                
                
                11,900VAT
      tax payable
                
                
                330,821
                
                
                
                (11,622
                )Total
      Adjustments
                
                
                (2,027,204
                )
                
                
                106,492Net
      Cash Provided by Operating Activities
                
                
                7,756
                
                
                
                20,070CASH
      FLOWS FROM INVESTING ACTIVITIESAcquisition of property and
      equipment
                
                
                (2,467
                )
                
                
                (20,240
                )-Net Cash Used by Investing
      Activities
                
                
                (2,467
                )
                
                
                (20,240
                )CASH
      FLOWS FROM FINANCING ACTIVITIESProceeds from capital
      contributions
                
                
                -
                
                
                
                2,530,000Net Cash Provided by Financing
      Activities
                
                
                -
                
                
                
                2,530,000EFFECT
      OF FOREIGN CURRENCY TRANSLATION ON CASH
                
                
                162
                
                
                
                34,016NET
      INCREASE IN CASH AND CASH EQUIVALENTS
                
                
                5,451
                
                
                
                2,563,846CASH
      AND CASH EQUIVALENTS – BEGINNING
                
                
                561
                
                
                
                728CASH
      AND CASH EQUIVALENTS – ENDING
                
                $
                6,012
                
                
                $
                2,564,574
  The
accompanying notes are an integral part of these consolidated financial
statements.
 
 - 4
-
  
  CHINA
JIANYE FUEL, INC
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 DECEMBER
31, 2007 AND 2006
 
 (UNAUDITED)
 
 NOTE
1 – ORGANIZATION AND DESCRIPTION OF BUSINESS
 
 China
Jianye Fuel Inc. (“the Company”) is a manufacturer and distributor of
alternative fuel for automobile use.  The Company was incorporated as
Standard Commerce, Inc. (“Standard Commerce”) in December 1994 in Nevada. On
November 13, 2007, Standard Commerce acquired the outstanding capital stock of
American Jianye Ethanol Company, Inc., a Delaware corporation (“American
Jianye”) and changed its name to China Jianye Fuel Inc. For accounting purposes,
the acquisition was treated as a recapitalization of American
Jianye.  American Jianye is a holding company that owns 100% of Zhao
Dong Jianye Fuel Co., Ltd. (“Zhao Dong Jianye Fuel”), a corporation organized
under the laws of The People’s Republic of China.  Zhao Dong Jianye Fuel is
engaged in the business of manufacturing and marketing ethanol and methanol for
use as automobile fuel in The People’s Republic of China.
 
 NOTE
2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
 The
accompanying unaudited financial statements have been prepared in accordance
with generally accepted accounting principals (GAAP) applicable to interim
financial information and with the requirements of Form 10-QSB and Item 310 of
Regulation S-B of the Securities and Exchange Commission. Accordingly, they do
not include all of the information and footnotes required by accounting
principles generally accepted in the United States of America for complete
financial statements. Interim results are not necessarily indicative of results
for a full year. In the opinion of management, all adjustments considered
necessary for a fair presentation of the financial position and the results of
operations and cash flows for the interim periods have been
included.
 
 BASIS
OF PRESENTATION
 
 The
accompanying unaudited financial statements include the accounts of China Jianye
and its subsidiary, after elimination of all material inter-company accounts,
transactions, and profits.  Results of operations for the three and
six months ended December 31, 2006 were presented here for comparative purposes
only.
 
 RECENT
ACCOUNTING PRONOUNCEMENTS
 
 In
September 2006, the FASB issued SFAS No.157, “Fair Value Measurements” (SFAS
157), which provides guidance for how companies should measure fair value when
required to use a fair value measurement for recognition or disclosure purposes
under generally accepted accounting principles (GAAP). SFAS 157 is effective for
fiscal years beginning after November 15, 2007. The Company is currently
assessing the impact, if any, that the adoption of SFAS 157 will have on its
financial statements.
 
 NOTE
3 – ADVANCES TO SUPPLIERS
 
 As a
common business practice in China, the Company is required to make advance
payments to certain suppliers for construction.  Such advances are
interest-free and unsecured.
 
 NOTE
4 – INVENTORY
 
 Inventory
at December 31, 2007 consisted of the following:
  Raw
      materials
                
                $
                455,173Packaging
      supplies
                
                
                9,070Finished
      goods
                
                
                33,551Total
                
                $
                497,794
    - 5
-
  
  CHINA
JIANYE FUEL, INC
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 DECEMBER
31, 2007 AND 2006
 
 
 NOTE
5 – PROPERTY AND
EQUIPMENT
 
 Property
and equipment at December 31, 2007 consisted of the following:
 
 Buildings
                
                $
                1,439,771Machinery
      and equipment
                
                
                1,631,751Subtotal
                
                
                3,071,522Less:
      Accumulated depreciation
                
                
                365,293Total
                
                $
                2,706,229
 Depreciation
expense for the six
months ended December31, 2007 and 2006amounted to $63,332and $51,458,
respectively
 
 NOTE
6– INTANGIBLE ASSETS
 
 Net
intangible assets at December31, 2007 consisted of
the following:
 
 Rights
      to use land
                
                $
                68,962Less:
      accumulated amortization
                
                
                9,698Total
                
                $
                59,264
 Amortization
expense for the six
months ended December 31, 2007 and 2006amounted to $1,050and $994,
respectively.
 
 NOTE   7
– DEFERRED PRODUCTION COSTS
 
 The
deferred production cost represents depreciation taken on factory building and
manufacturing equipment. In accordance with SFAS 7 “Accounting and Reporting by
Development Stage Enterprises”, the production cost is capitalized and will be
amortized over a period not greater than 5 years once normal operations
commence. Net deferred production costs at December31, 2007 were as
follows:
 
 Deferred
      production costs
                
                $
                280,103Less:
      accumulated amortization
                
                
                14,005Total
                
                $
                266,098
 
 Amortization
expense for the six
months ended December 31, 2007 and 2006amounted to $12,544and $-0-,
respectively
 
 NOTE
8 – RELATED PARTY TRANSACTONS
 
 The
Company and its affiliated entities constantly borrow money from each
other.  The balance due to these entities at December 31, 2007 was
$254,162.
 
 NOTE
9 – DUE TO SHAREHOLDERS
 
 Loans
from shareholders are short-term in nature, payable on demand, unsecured and
non-interest bearing.
 
 NOTE
10 – EMPLOYEE WELFARE PLAN
 
 The Company has
established an employee welfare plan in accordance with Chinese law and
regulations. The Company makes annual contributions of 14% of all employees'
salaries to the employee welfare plan.
 
 - 6
-
  
  CHINA
JIANYE FUEL, INC
 
 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
 
 DECEMBER
31, 2007 AND 2006
 
 
 NOTE 11 – RISK
FACTORS
 
 The
Company had one major vendor who provided approximately 95% of the Company’s raw
materials for the six months ended December 30, 2007. Total purchase from this
vendor was $1,806,627 for the six months ended December 30, 2007.
 
 One major
customer accounted for approximately 99% of the net revenue for the six months
ended December 31, 2007. Total sales to this customer were $3,425,385 for the
six months ended December 31, 2007.
 
 The
Company's operations are carried out in the PRC. Accordingly, the Company's
business, financial condition and results of operations may be influenced by the
political, economic and legal environments in the PRC as well as by the general
state of the PRC’s economy. The Company's business may be influenced by changes
in governmental policies with respect to laws and regulations, anti-inflationary
measures, currency conversion and remittance abroad, and rates and methods of
taxation, among other things.
 
 NOTE
12 - CONCENTRATIONS OF CREDIT RISK
 
 Financial
instruments which potentially subject the Company to credit risk consist
principally of cash on deposit with a financial institution of
$6,012.
 
 NOTE
13 - SUBSEQUENT EVENTS
 
 None.
 
 - 7
-





ITEM
2.                      MANAGEMENT’S
DISCUSSION AND ANALYSIS





The Reverse Merger




During the two years preceding November
13, 2007 Standard Commerce, Inc. was a shell corporation, with no significant
assets and no business operations.  On November 13, 2007 Standard
Commerce acquired Zhao Dong Jianye Fuel Co., Ltd. (“Zhao Dong Jianye Fuel”), a
corporation organized under the laws of The People’s Republic of
China.  In exchange for Zhao Dong Jianye Fuel, Standard Commerce
issued 189,901,500 shares of its common stock, representing 97.46% of the
outstanding shares of Standard Commerce.  Subsequently, Standard
Commerce, Inc. changed its name to “China Jianye Fuel, Inc.”




Zhao Dong Jianye Fuel was founded in
April 2004 under the laws of the People’s Republic of China with registered
capital of RMB 9 million Yuan (US$1.1 million). The Company is located at 47
Huagong Road, Zhaodong City, Heilongjiang Province, in northeastern China. Zhao
Dong Ye Fuel engages in the development, manufacture, and distribution of
alcohol based automobile fuel.  The Company’s products are designed to
function as a lower-cost, more environmentally friendly alternative to
conventional gasoline-based auto fuel




Zhao Dong
Jianye Fuel was among the first China-based fuel manufacturers to bring to
market alcohol-based automobile fuel. Alcohol fuel is an attractive alternative
to gasoline for several reasons, including its environmental
benefits.  Alcohol-based fuel burns with higher efficiency and
significantly lower toxic waste emissions than any lead-free gasoline that meets
China’s national GB17930-1999 fuel quality standards. With its average total
toxic waste emission level being only 1% of the maximum toxic emission level
mandated by the Chinese industry regulators, the quality of alcohol fuel is on
par with or exceeds the international fuel quality standards for Type IV
lead-free gasoline. In addition, due to the lower costs of the raw materials
used in the manufacture process, the average integrated cost of such fuels is
only about 4,000-4,150 Renminbi (“RMB”) ($540-560) per ton, lower than the
prevailing wholesale price of #93 lead-free gasoline in China by as much as
1,000 RMB ($135) per ton.





Zhao Dong
Jianye Fuel has, since its formation, been engaged in developing its products
and its refinery.  The Company now has a facility capable of producing
300,000 tons of fuel annually, and has developed the core staff needed for full
production operations.  The Company is currently capable of producing
alcohol-based fuels comparable to lead-free gasoline with octane ratings ranging
from #90 to #98. The Company’s products include both ethanol-based fuels (E10,
E30, E50, E60, E70, E80 and E85), and methanol-based fuels (M10, M30, M50, M60,
M70, M80 and M85), although the primary focus of its business plan is on
methanol-based fuels due to their environmental and economic advantages.
Recently the Company has also been engaged in research and development of
methanol/ethanol blended fuels, including ME80 and ME85.


- 8
-




Results
of Operations




Zhao Dong Jianye Fuel commenced
operations in 2004.  Its activities, however, have been essentially
developmental.  Its research and development efforts have led to the
development of a series of fuel products and the award of several
patents.  With funds provided by its Chairman, Jianye Wang, it has
developed a state-of-the-art refinery for the production of methanol-based
fuels.  And it has organized a staff of engineers, managers and sales
professionals that will be able to support its full-scale entry into the fuel
market.




The Company’s revenue-producing
activities had been incidental to the company’s research and development
activities.  Prior to September 30, 2007, Zhao Dong Jianye Fuel sold
modest amounts of fuel to a variety of customers, primarily to (a) develop the
channels through which it will market when it commences full scale production
and (b) introduce new products to those markets for testing and
publicity.  In the fiscal year ended June 30, 2006 these incidental
marketing efforts generated $541,103 in revenue.  In the most recent
fiscal year, which ended on June 30, 2007, Zhao Dong Jianye Fuel suspended most
of its revenue-producing activities in order to focus on internal organization
activities.  As a result, during the six months ended December 31,
2006, no revenue was generated.  Likewise, during the three months
ended September 30, 2007, no revenue was generated.




During the quarter ended December 31,
2007, however, Zhao Dong Jianye Fuel recorded its first significant revenue
$3,449,434.  This occurred because Zhao Dong Jianye Fuel completed a
sale and delivery of fuel additives to Zhanjiang Runtong Trading Corp., a
transaction that produced 98% of the revenue for that
quarter.  Zhanjiang Runtong Trading Corp. is an unrelated third party,
and the transaction was the result of arms length negotiation.  The
transaction, however, is not characteristic of the Company’s business plan,
which contemplates the sale of fuel, with fuel additive transactions as only an
occasional ancillary revenue stream.




The recent sale of additives to
Zhanjiang Runtong Trading Corp. was profitable, leading to gross margin of 62%
for the quarter.  In no prior period, however, did the Company
generate any significant amount of gross profit – in the 2007 fiscal year, it
generated negative gross profit.  The primary reason for the lack of
gross profit is the inefficiency of the small batch processing of fuel that the
company is currently engaged in for testing purposes.  Both the
primary raw materials and our final products are highly evaporative liquids,
whose properties are substantially affected by the atmospheric conditions. In
order to minimize storage loss, we must make frequent purchases of raw materials
in relatively small quantities. These have led to relatively high unit costs for
raw materials.  At the same time, we must deliver our products
promptly after production or they are affected by evaporation.  This
necessitates shipping methods that are relatively high cost when applied to
small quantities of fuel.  Both of these factors made our preliminary
operations inefficient and unprofitable during the past two fiscal
years.




When we commence full scale production,
we expect our gross profit margin to be significantly higher than that which is
customary for refiners of petroleum-based fuels.  This should occur
because the market price of the raw materials for methanol-based fuels
(i.e.  methanol and petroleum distillate) are substantially lower than
the market price for gasoline.  At current market prices, we believe
that we will be able to produce methanol-based fuel for $27 to $40 per ton less
than the prevailing cost of refining gasoline with comparable octane
levels.  The price advantage can only be achieved, however, when we
produce our fuels in quantities that make efficient use of our refinery and ship
it in quantities that enable us to obtain wholesale shipping
charges.  Those conditions will be achieved only after we obtain the
funds necessary to bring our operations up to the full production
level.




Our selling, general and administrative
expenses remained relatively modest in the six months ended December 31, 2007,
primarily because almost all of our revenue came from one
customer.  When we commence full-scale production, these expenses will
increase significantly, primarily due to (a) increased staff required for
production and marketing, (b) increased selling expense required to develop and
expanded market for our products, and (c) increased depreciation
expense.  Currently, we only depreciate the portion of our facility
that has been put into active use.  The denominator for our
depreciation calculation will increase when our entire facility is engaged in
production.


- 9
-


During the last two fiscal years, as we
organized our business, our net loss remained modest, despite our lack of gross
profit.  In fiscal 2007 we realized a net loss of
$58,111.  Our net loss for fiscal 2006 was $91,261.  For the
six month period ended December 31, 2007 we recorded net income of $2,034,960 as
a result of the sale to Zhanjiang Runtong Trading Corp.  During the
same period, however, we realized on $7,756 in net cash from operations, as
Zhanjiang Runtong Trading Corp. has not paid any significant portion of the
purchase price for the additives it purchased.  The primary factor
enabling us to reach our current condition without incurring large losses and to
carry on operations with minimal cash flow was the willingness of our
shareholders to serve our company for minimal compensation.




Our business operates primarily in
Chinese Renminbi (“RMB”), but we report our results in our SEC filings in U.S.
Dollars.  The conversion of our accounts from RMB to Dollars results
in translation adjustments.  While our net income is added to the
retained earnings on our balance sheet; the translation adjustments are added to
a line item on our balance sheet labeled “accumulated other comprehensive
income,” since it is more reflective of changes in the relative values of U.S.
and Chinese currencies than of the success of our business.  During
the six months ended December 31, 2007, the effect of converting our financial
results to Dollars was to reduce our accumulated other comprehensive income by
$161,873.





Liquidity and Capital
Resources




Our operations to date have been funded
primarily by capital contributions and short-term loans from our Chairman,
Jianye Wang, which have been adequate to bring us to the point where we are
prepared to commence full scale production.  At December 31, 2007 the
balance due from Zhao Dong Jianye Fuel to Mr. Wang and his affiliates was
$254,162.




Our working capital at December 31,
2007 totaled $4,799,941.  Included in our working capital, however,
was $4,104,180 in accounts receivable, most of which is owed by Zhanjiang
Runtong Trading Corp.  We are not certain of the payment date for that
receivable.  Also included in working capital was an advance payment
to Qinhuangdao Far East Petroleum Refinery Co., Ltd. in the amount of
$853,306.  The recipient of this advance payment will be our primary
source of petroleum distillate, and we made this payment in accord with Chinese
custom, to enable the refinery to expand its production capacity in anticipation
of doing a large amount of business with us.  We have, therefore, only
a small amount of liquid assets.




In order to commence full scale
operations, we will need approximately $4,000,000 to purchase raw materials and
fund our initial receivables.  On our December 31, 2007 balance sheet,
we have property and equipment with a book value of $2,706,229 on which there is
no lien.  We expect that some amount of the funds that we require can
be obtained by pledging those assets to secure a loan.  The remainder,
however, will be obtained from the sale of equity.  To date we have no
commitment from any source for either debt or equity financing.







- 10
-








Off-Balance Sheet
Arrangements




We do not
have any off-balance sheet arrangements that have or are reasonably likely to
have a current or future effect on our financial condition or results of
operations.





ITEM
3.  CONTROLS AND PROCEDURES





Evaluation of Disclosure Controls
and Procedures.  Jianye Wang, our Chief Executive Officer and
Chief Financial Officer, carried out an evaluation of the effectiveness of the
Company’s disclosure controls and procedures as of December 31,
2007.  Pursuant to Rule13a-15(e) promulgated by the Securities and
Exchange Commission pursuant to the Securities Exchange Act of 1934, “disclosure
controls and procedures” means controls and other procedures that are designed
to insure that information required to be disclosed by the Company in the
reports that it files with the Securities and Exchange Commission is recorded,
processed, summarized and reported within the time limits specified in the
Commission’s rules.  “Disclosure controls and procedures” include,
without limitation, controls and procedures designed to insure that information
the Company is required to disclose in the reports it files with the Commission
is accumulated and communicated to our Chief Executive Officer and Chief
Financial Officer as appropriate to allow timely decisions regarding required
disclosure.  Based on his evaluation, Jianye Wang concluded that the
Company’s system of disclosure controls and procedures was effective as of
December 31, 2007 for the purposes described in this paragraph.





Changes in Internal
Controls.  There was no change in internal controls over
financial reporting (as defined in Rule 13a-15(f) promulgated under the
Securities Exchange Act or 1934) identified in connection with the evaluation
described in the preceding paragraph that occurred during the Company’s second
fiscal quarter that has materially affected or is reasonably likely to
materially affect the Company’s internal control over financial
reporting.





PART
II   -   OTHER INFORMATION




Item
6.                 Exhibits


31
              Rule
      13a-14(a) Certification32
              Rule
      13a-14(b) Certification


SIGNATURES





Pursuant
to the  requirements  of the Securities  Exchange
Act of 1934, the Registrant  has
duly  caused  this  Report  to
be  signed  on its  behalf by the undersigned
thereunto duly authorized.











CHINA
      JIANYE FUEL, INC.


Date:  March
      13, 2008
              By:
      /s/ Jianye
      Wang
 Jianye Wang, Chief Executive
Officer
 and Chief Financial Officer