This book, the first English translation of what many consider to be the most original work of Chinese philosophy produced in the twentieth century, draws from Buddhist and Confucian philosophy to develop a critical inquiry into the relation between the ontological and the phenomenal. This annotated edition examines Xiong Shili's complex engagement with Buddhist thought and the legacy of Xiong's thought in New Confucian philosophy. It will be an indispensable resource for students of Eastern philosophy and Chinese intellectual history, as well as for philosophers who may not be familiar with the Chinese tradition.