西原借款是日本政府在一战后期对华侵略政策转变的产物,企图通过这种怀柔的长期的经济渗透达到政治上的对华控制。而中国当时亟需外债的段祺瑞皖系军阀成为其政策的牺牲者。从某种意义来讲,西原借款对于日本与皖系军来说终是“黄粱一梦”。 Nishihara borrowings are the product of the Japanese government’s change of aggression against China in the latter part of World War I in an attempt to achieve political control over China through such long-term economic infiltration. The Duan Qi-Rui-Wan warlord warlords, which were badly in need of foreign debt in China, therefore, became the victims of their policies. In a sense, Nishihara borrowed money for the Japanese and the Wan-An Army is “a dream”.