The paper is to introduce the development and philosophy of Chinese painting, and discuss its diverse features and approaches in contemporary ink & wash painting practice in relation to the Western modern aesthetic issues in such as imagination, beauty, space and form. For this discussion, I refer to some of works from the Exhibition of Modern Chinese Ink Painting in National Taiwan Museum of Fine Arts in 1994. The show reflects different attitudes of the changing situation in the development of modern ink painting, and takes into account work in a wide variety of media in Eastern Asia. Some of the artists have been working on new aspects of traditional subject-matter and context through the unique Oriental ink & wash medium and particular values in Western contemporary trend. The participating artists are from Taiwan, Mainland China and Hong Kong with different social backgrounds and living circumstances; these works have a common goal of bringing new perspective, issue and expression to their investigation of the shared territory between Chinese Pictorial boundary and Western plastic character.