庚子之役带给中国的灾难是深远而沉重的 ,退还庚款不仅仅是简单的文化事宜 ,在其背后更有其政治目的和意图。列强利用庚款退还在中国兴办教育、实业等是对华资本输出的一种特殊形式。本文拟就英国退还庚子赔款的状况与国民党在西北联合办学的来龙去脉作一分析 ,透过这些历史现象揭示当时英国对于退还庚款真正目的 ,以及国民党利用庚款在西北进行政策的调整和权力渗透 The disaster brought by Gengzang to China is far-reaching and heavy. The return of Gengzhai is not only a simple cultural issue, but also has its political purposes and intentions behind it. The use of G-class powers returned by the powers to set up education in China, such as industry is a special form of capital exports to China. This article intends to analyze the ins and outs of the repatriation of Boxer Indemnity in the United Kingdom and the historic context of the KMT’s joint running of the school in the Northwest. Through these historical phenomena, it reveals the true purpose of the British government in returning the G-Boxes and the policy of adjustment and power penetration