The explanations of Chuang Tzu's philosophy are always divergent. Chuang Tzu can be viewed as a Neo-Confucianist, an idealist, but also as a materialist. In this paper, we try to argue that the controversy over Chuang Tzu's thought is due to the varied understandings of his conception of Qi. Therefore, in this paper, we try hard to illustrate the following points: 1.To formularize different explanations about Chuang Tzu's concept of Qi and their hermeneutic basis. 2. To clarify that Qi is not the Western material. 3. To compare Chuang Tzu's Qi and Aristotle's causa materialis, and to show the dissimilarities of these two concepts. In conclusion, we can make some contributions. 1. To ascertain that Chuang Tzu's thought is not like the Western materialism. 2. To confirm the specific meaning of Chinese Qi. As a result, the academia might rethink the proper position of Chuang Tzu's Qi philosophy in Neo-Confucianism.