Within the Neo-Taoism of the Wei-Tsin period, there was a famous controversy between Wang-pi and Kuo-hsiang. In opposition to Wang-pi's thesis of the primacy and the priority of Nothingness, Kuo-hsiang explicitly denied that Nothingness can function as a ground. However, despite the tremendous efforts of the contemporary scholars, the ture nature of this controversy remains unclear. In this article, we attempt to clarify as well as to settle this important controversy by employing Heidegger's thought as a hermeneutical framework. As a result, our clarification will also show thtat Nothingness in Taoist sense can neither be reduced to a subjective state of mind (as claimed by Mou Tsung-san) nor be identified with an empty space (as claimed by Hu-shih).