中日甲午战争以后,正在形成中的西方金融资本利用清政府的财政危机,通过大规模对华政治借款逐步控制了中国的财政。清政府的财政危机主要是由于甲午战争赔款和庚子赔款造成的。人们每每提到中国近代史上这两笔最大的赔款都莫不为之痛惜,并且一致认为,这两笔赔款对中国社会经济的影响是深远的。但是,人们的注意力往往容易集中在赔款的数目上,数目大,影响自然就大。至于它们究竟如何作用于中国社会的经济机制,却往往关心不 After the Sino-Japanese War of 1894, the emerging western financial capital utilized the Qing government’s financial crisis and gradually controlled China’s finances through large-scale political loans to China. The Qing government’s fiscal crisis was mainly due to the indemnity of the Sino-Japanese War and the compensation of Gengzi. People often deprecate these two biggest reparations in modern Chinese history and agree that the impact of these two awards on China’s social economy is far-reaching. However, people’s attention tends to be concentrated in the number of claims, the large number, the impact on nature. As for how they act on the economic mechanism of Chinese society, they often care about no