The development of Gangcai in the twentieth century may be broadly divided into several periods: (1) Formative Period—1920s to 1949; (2) Growth Period—1949 to early 1970s; (3) Maturity—early 1970s to late 1980s; (iv) Decline – late 1980s to late 1990s. This trajectory spanned the Sino-Japanese War, Second World War, Chinese Civil War and the foundation of the People’s Republic of China, Korean War, Cultural Revolution in Mainland, development in Sino-American relations, and China’s Reform and Opening-up. Gangcai stands as a historical cross-section, bearing witness to profound historical transformations.