U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

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

For the quarterly period ended ~~December~~March 31, ~~2012~~2013

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

Commission File No.333-169406

China Inc.,

(Exact name of registrant as specified in its charter)

Nevada	27-3028235
(State or other jurisdiction	(I.R.S. Employer Identification No.)
of incorporation or organization)

12808 W. Airport, Suite 303L

Sugarland, TX 77478

(Address of principal executive offices)

1-281-776-9100

(Issuer's telephone number)

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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. Yes [X ] No[ ]

Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [ ] Accelerated filer [ ]

Non-accelerated filer [ ] Small Reporting company [X]

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [x] Yes [ ] No

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the most practicable date: 50,000,000 as of ~~February~~April 715, 2013

China Inc.

Form 10-Q Report Index

	Page No.
PART 1. FINANCIAL INFORMATION
Item 1. Financial Statements
Condensed Balance Sheets as of December 31, 2012 ( unaudited) and June 30, 2012 ( audited)	2
Condensed Balance Sheets as of March 31, 2013 ( unaudited) and June 30, 2012 ( audited)	2
Condensed Statements of Operations for the three months and six months ended December 31, 2012 and December 31, 2011 and from May 30, 2008 ( inception) through December 31, 2012 ( unaudited)	3
Condensed Statements of Operations for the three and nine months ended March 31, 2013 and March 31, 2012 and from May 30, 2008 ( inception) through March 31, 2013 ( unaudited)	3
Condensed Statements of Cash Flows for the six months ended December 31, 2012 and December 31, 2011 and from May 30, 2008 ( inception) through December 31, 2012 ( unaudited)	4
Condensed Statements of Cash Flows for the nine months ended March 31, 2013 and March 31, 2012 and from May 30, 2008 ( inception) through March 31, 2013 ( unaudited)	4
Notes to Condensed Financial Statements	5
Item 2. Management Discussion and Analysis of Financial Condition	8
Item 3. Quantitative and Qualitative Disclosures about Market Risk	10
Item 4. Control and Procedures	10
PART II. OTHER INFORMATION
Item 1. Legal Proceedings	11
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	11
Item 3. Defaults Upon Senior Securities	11
Item 4. Mine Safety Disclosures	11
Item 5. Other Information	11
Item 6. Exhibits	11
Item 7. Signature	11

CHINA INC.,

( A Development Stage Company)

Condensed Balance Sheets

		December 31, 2012 ( unaudited)		June 30, 2012 ( audited)
		March 31, 2013 ( unaudited)		June 30, 2012 ( audited)
ASSETS
CURRENT ASSETS:
Cash & cash equivalent	$	15,009	$	48,133
Cash	$	11,521	$	48,133
TOTAL CURRENT ASSETS		1511,~~009~~521		48,133
Real estate held for development		70,000		70,000
TOTAL ASSETS	$	8581,~~009~~521	$	118,133
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Note payable-stockholder	$	29,337	$	30,750
Accrued expenses		5,~~762~~742		27,371
Total current liabilities		35,~~099~~079		58,121
STOCKHOLDERS' EQUITY
Common Stock par value of $0.0001, 75,000,000 shares authorized, 50,000,000 shares issued and outstanding.		5,000		5,000
Additional paid-in capital		256,938		256,938
Deficit accumulated during development stage		(~~212~~215,~~028~~496)		(201,926)
Total stockholder's Equity		4946,~~910~~422		60,012
TOTAL LIABILITIES AND STOCKOLDERS' EQUITY	$	8581,~~009~~521	$	118,133

See the accompanying notes to the ~~condensed~~ unaudited condensed financial statements

China Inc.

(A Development Stage Company)

Condensed Statements of Operations

(unaudited)

		Three Months Ended December 31, 2012		Three Months Ended December 31, 2011		Six Months Ended December 31, 2012		Six Months Ended December 31, 2011		May 30, 2008 ( Inception) Through December 31, 2012
		Three Months Ended March 31, 2013		Three Months Ended March 31, 2012		Nine Months Ended March 31, 2013		Nine Months Ended March 31, 2012		May 30, 2008 ( Inception) Through March 31, 2013
REVENUES	$	-	$	-	$	-	$	-	$	-
OPERATING EXPENSES:
GENERAL AND ADMINISTRATIVE		43,~~139~~468		53,~~523~~953		1013,~~102~~570		812,~~295~~248		(~~212~~215,~~028~~496)
TOTAL EXPENSES		43,~~139~~468		53,~~523~~953		1013,~~102~~570		812,~~295~~248		(~~212~~215,~~028~~496)
LOSS FROM OPERATIONS		(43,~~139~~468)		(53,~~523~~953)		(1013,~~102~~570)		(812,~~295~~248)		(~~212~~215,~~028~~496)
PROVISIONS FOR INCOME TAXES						-		-
NET LOSS		(43,~~139~~468)		(53,~~523~~953)		(1013,~~102~~570)		(812,~~295~~248)		(~~212~~215,~~028~~496)
NET LOST PER SHARE: BASIC AND DILUTED	$	0.00	$	0.00	$	0.00	$	0.00	$	0.00
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING		50,000,000		45,000,000		50,000,000		45,000,000

See the accompanying notes to the condensed unaudited financial statements.

China Inc.

(A Development Stage Company)

Condensed Statements of Cash Flows

( unaudited)

		Six Months Ended December 31, 2012		Six Months Ended December 31, 2011		May 30, 2008 (Inception) through December 31, 2012
		Nine Months Ended March 31, 2013		Nine Months Ended March 31, 2011		May 30, 2008 (Inception) through March 31, 2013
OPERATING ACTIVITIES:
Net Loss	$	(1013,~~102~~570)	$	(812,~~295~~248)	$	(~~212~~215,~~028~~496)
Adjustments to reconcile net loss to net cash used in operations
Impairment of real estate held for development		-				13,938
Stock-Based Compensation		-		-		128,000
Increase (decrease) in Accrued Expenses		~~(21,609)~~		(65,~~767~~396)		57,~~762~~705
Net Cash used in Operating Activities:		(3135,~~711~~199)		(15,062)		(6467,~~328~~816)
FINANCING ACTIVITIES:
Proceeds from Note payable stockholder		-		18,000		30,750
Repayment of Note Payable for stockholder		~~(1,413)~~		-		(1,413)
Issuance of Common Stock for Cash		-		-		50,000
Net Cash (used in) provide by financing activities		(1,413)		18,000		79,337
Net Increase (decrease) in Cash		(3336,~~124~~612)		2,939		1511,~~009~~521
CASH AT THE BEGINNING OF THE PERIOD		48,133		782		-
CASH AT THE END OF THE PERIOD	$	1511,~~009~~521	$	3,721	$	1511,~~009~~521
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION		-		-		-
Interest Paid	$	-	$	-	$	-
Income taxes Paid	$		$		$
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES		-		-
Issuance of Common stock in Exchange for Property	$	-	$	-	$	83,938

See the accompanying notes to the condensed unaudited financial statements.

China Inc.

(A Development Stage Company)

Notes to the Financial Statements ( unaudited)

~~Six~~Nine months Ended ~~December~~March 31, ~~2012~~2013 and ~~2011~~2012(unaudited)

NOTE 1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT POLICIES

NATURE OF OPERATIONS

China Inc. (the "Company") was incorporated in Nevada on May 30, 2008. The Company is a Development Stage Company, as defined by Financial Accounting Standards Board of Accounting Standards Codification ("ASC") 915 "Development Stage Entities". In a development stage company, management devotes most of its activities to developing a market for its products and services. The Company has accumulated operating losses of $~~212~~215,~~028~~496 since its inception. The Company expects to fund itself in the next twelve months by the sale of common shares and generate revenues through sales activities. The ability of the Company to emerge from the development stage with respect to any planned business activities is dependent upon its successful efforts to raise additional equity financing and/or generate significant revenue and profitable operations.

Our business plan includes the selling of other vendors and manufacturers' product through Internet and trade shows. We have signed an Original Equipment Manufacturer ("OEM") agreement with Himin Clean Energy Holdings, Ltd., in China. The material terms of this OEM agreement included (a) application for OEM certification by third parties at our own expense, (b) to use our logo and trade names for all OEM products. (c) packaging and labels based on our specification and(d) competitive pricing at 15-20% below prevailing market price in the U.S. Our business plan also focuses on research and development activities in China. We are committed to the research and development of new technologies. We are currently able to obtain the necessary research materials from China. DEC Emei Semiconductor Material Ltd., and Sichuan Apollo solar Science & Technology Co., Inc are two of our suppliers of Cadium Telluride. As of ~~December~~March 31, ~~2012~~2013, we are planning to develop new suppliers for Cadium Telluride and other strategic ~~metals~~ metals for research and development.

The accompanying unaudited condensed interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the United States Securities and Exchange Commission (“SEC”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. The financial information as of June 30, 2012 is derived from the audited financial statements. The unaudited condensed interim financial statements should be read in conjunction with this registration statement, which contains the audited financial statements and notes thereto.

Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The interim results for the period ended ~~December~~March 31, ~~2012~~2013 are not necessarily indicative of results for the full fiscal year.

RECENT DEVELOPMENT

During the period ended December 31, 2012, we have discussed with investors from China regarding joint ventures of solar-energy research and development. Our discussion with potential investors included a number of automobile manufacturers who have expressed their interest to enter the US market with hybrid automobile. The development of new technology of cars requires substantial financial commitments. Therefore, our discussions were only confined to general terms and conditions, and no material agreements have yet materialized.

USE OF ESTIMATES

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Significant estimates and assumptions included in the Company's financial statements relate to the estimate of accrued real estate taxes and the fair value of real estate held for development.

CASH AND CASH EQUIVALENTS

For purposes of the statement of cash flows, the Company considers all highly liquid investments and short-term debt instruments with original maturities of three months or less to be cash equivalents. As of ~~December~~March 31, ~~2012~~2013, there were no cash equivalents.

CONCENTRATION OF RISK

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company places its cash with high quality banking institutions. From time to time, the Company maintains cash balances at certain institutions in excess of the Federal Deposit Insurance Corporation limit. As of ~~December~~March 31, ~~2012~~2013, the Company did not have any deposits in excess of ~~insured~~ insured limits.

LOSS PER COMMON SHARE

Basic loss per common share excludes dilution and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. As of ~~December~~March 31, ~~2012~~2013, there are no outstanding dilutive securities.

IMPAIRMENT OF LONG LIVED ASSETS

Long-lived assets are reviewed for impairment when circumstances indicate the carrying value of an asset may not be recoverable. For assets that are to be held and used, an impairment is recognized when the estimated undiscounted cash flows associated with the asset or group of assets is less than their carrying value. If impairment exists, an adjustment is made to write the asset down to its fair value, and a loss is recorded as the difference between the carrying value and fair value. Fair values are determined based on quoted market values, discounted cash flows or internal and external appraisals, as applicable. Assets to be disposed of are carried at the lower of carrying value or estimated net realizable value.

REVENUE RECOGNITION

We recognize revenue from product sales when the following four revenue recognition criteria are met: persuasive evidence of an arrangement exists, delivery has occurred, the selling price is fixed or determinable, and collectability is reasonably assured.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company's financial instruments include cash, accrued expenses and notes payable-stockholder. The estimated fair value of these instruments approximates their carrying amounts due to the short maturity of these instruments.

NOTE 2. INCOME TAXES

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. In assessing the realizability of deferred tax assets, Management evaluates whether it is more likely than not that some portion or all of its deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on Management’s evaluation, the net deferred tax asset was offset by a full valuation allowance in all periods presented. The Company’s deferred tax asset valuation allowance will be reversed if and when the Company generates sufficient taxable income in the future to utilize the tax benefits of the related deferred tax assets. As of ~~December~~March 31, ~~2012~~2013, the Company had a net operating loss carry-forward of approximately $~~212~~215,~~028~~496 which may be used to offset future taxable income and begins to expire in 2030.

NOTE 3. GOING CONCERN

These financial statements have been prepared on a going concern basis, which implies the company will continue to meet its obligations and continue its operations for the next fiscal year. As of ~~December~~March 31, ~~2012~~2013, the Company has not generated revenues and has accumulated losses of $~~212~~215,~~028 since~~496 since inception. The continuation of the Company as a going concern is dependent upon financial support from its stockholder, the ~~ability~~ ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. ~~Realizable~~ Realizable values may be substantially different from carrying values as shown and these financial statements do not include any ~~adjustments~~ adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 4. RELATED PARTY TRANSACTIONS

The Company owes its CEO and Director, Tian Jia, a total of $29,337, as of ~~December~~March 31, ~~2012~~2013 in the form of an unsecured loan. The note is due on demand and bears interest at an annual rate of 4%.

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This section of this quarterly report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this quarterly report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.

PLAN OF OPERATION

Our plan of operations for the next twelve months is to proceed with the implementation of our BUSINESS PLAN. We will focus on generating revenue initially from selling Ningbo solar panels through our on-line website. Our business plan within 12 months is outlined below:

Goals	Projected Outcomes
Create corporate website	Create a brand-name corporate image
Sell Ningbo Solar Panel through our website	Sell sufficient solar panels to pay our administrative expenses
Outsource research and Development activities	Research and development activities in China
Create our own OEM Product lines.	Valor Solar is our brand product in the future
Create our own OEM Product lines.
Construct our own warehouse	Build a warehouse on our own commercial lot

Sell Ningbo Solar Panel through the website - Before we can sell our products through our website, we must have a website created with e-commerce functionality. We also need to have a secure web server and hosting services in the United States. In addition, we are required to sign agreements with the merchant Credit-card companies to accept online credit card payments. We need to have a mobile credit card charging machine for credit card processing.

Outsource research and development activities- It is costly to hire U.S. workers for research and development projects due to federal minimum wage laws and higher wages for researchers. We intend to outsource our research and development projects to the People's Republic of China. China currently does not have minimum wage standards and an abundant supply of qualified researchers. These qualified researchers are willing to work without remuneration or for exchange of services. Our expenses for research and development activities come from travel and lodging expenses in China. We may make regular trips to China to evaluate research facilities and meet with potential researchers.

Create our own OEM Products- Securing OEM manufacturers for solar products in China requires some negotiation with manufacturers. We are typically required to pay for third party certification fees. United Laboratory (UL) is one of the prominent thirty party certification agencies in the United States. Once the OEM manufacturer consents to the use of their products, UL typically requires 6-9 months for certification of OEM products. We believe it is essential to construct our own warehouse in Houston, Texas for the following reasons:

· We already have a commercial lot ready to build our own warehouse;

· It could be built with additional space for our showroom and research facility;

· It is more economical to construct our own warehouse than to lease;

· A combination of a retail storefront and warehouse is highly suitable for our business model;

· We have full control of architecture design, layout and functionality of our own warehouse;

· We would no longer rely on our supplier's facilities to store our own merchandises

RESULTS OF OPERATIONS

The Company's operating expenses consist of accounting fees, officer's salary, and real estate taxes. The Company generated no revenue during the ~~six~~nine months ended ~~December~~March 31, ~~2012~~2013 and ~~2011~~2012. Operating expenses were $1013,~~102~~570 and $812,~~295~~248 for the ~~six~~nine months ended ~~December~~March 31, ~~2012~~2013 and ~~December~~ March 31, ~~2011~~2012, respectively. Operating expenses were 43,~~139~~468 and $53,~~523~~953 for the three months ended ~~December~~March 31, ~~2012~~2013 and ~~December~~March 31, ~~2011~~ 2012, respectively. Our net loss during the ~~six~~nine months ended ~~December~~March 31, 2012 was $1012,~~102~~248 or less than $0.01 per share compared to a net loss of $813,~~295~~ 570 or less than $0.01 during the ~~six~~nine months ended ~~December~~March 31, 2012. Our net loss during the three months ended ~~December~~March 31, 2012 was $43,~~139~~ 953 or less than $0.01 per share compared to a net loss of $53,~~523~~953 or less than $0.01 during the three months ended ~~December~~March 31, ~~2012~~2013.

LIQUIDITY AND CAPITAL RESOURCES

As of ~~December~~March 31, ~~2012~~2013, our total assets were $8581,~~009~~521, we had $1511,~~009~~521 in cash and $70,000 in land holdings; and our total liabilities were $35,~~099~~079.. The Company has not generated any revenues since inception. The Company is seeking additional capital resources through the issuance of common stock and additional capital contributions from shareholders to fund administrative expenses, pending full implementation of our business plan.

OFF-BALANCE SHEET ARRANGEMENT

The Company has no material transactions, arrangements, obligations or other relationships with entities or other persons that have or are reasonably likely to have a material current or future impact on its financial condition, changes in financial condition, results of operations, liquidity, capital expenditures, capital resources, or significant components of revenues or expenses.

Item 3. QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a small reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information.

Item 4. CONTROLS AND PROCEDURES.

In connection with the preparation of this quarterly report, an evaluation was carried out by the Company's management, with the participation of the chief executive officer and the chief financial officer, of the effectiveness of the Company disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 ("Exchange Act") as of ~~December~~March 31, ~~2012~~2013.. Disclosure controls and procedures are designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Commission rules and forms, and that such information is accumulated and communicated to management, including the chief executive officer and the chief financial officer, to allow timely decisions regarding required disclosures.

The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee due to a lack of a majority of independent members and a lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; and (3) ineffective controls over period end financial disclosure and reporting processes. The aforementioned material weaknesses were identified by our Chief Executive Officer in connection with the review of our financial statements as of ~~December~~March 31, ~~2012~~2013.

Management believes that the material weaknesses set forth above did not have an effect on our financial results.

PART II-OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS

We are not a party to any pending legal proceeding. We are not aware of any pending legal proceeding to which any of our officers, directors of our voting securities are adverse to us or have a material interest adverse to us.

Item 1A. RISK FACTORS

We are a small reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information.

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

There were no unregistered sales of equity securities during the quarterly period ended ~~December~~March 31, ~~2012~~2013.

Item 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not Applicable.

ITEM 5. OTHER INFORMATION

None

Item 6. OTHER EXHIBITS

Exhibit 31.1 Certificate of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 32.1 Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Exhibit 101 XBRL data files of Financial Statements and notes contained in this Quarterly Report on Form 10Q.

* In accordance with Regulation S-T, the Interactive Data Files in Exhibit 101 to the Quarterly Report on Form 10-Q shall be deemed “furnished” and not “filed.”

Item 7. 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 Inc.,

/s/ Tian Jia

By: Tian Jia

Chief Executive Officer/Chief Financial Officer

Pursuant to the requirement of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated:

/s/ Tian Su Hua

TIAN SU HUA

Director

Dated: ~~February~~May 713, 2013

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