Qian Mu (1895-1990) interpreted the "Old Text" (guwen) mentioned in the Records of the Grand Historian (Shi ji) as the classical "Six Arts", and thus laid the foundation for a modern viewpoint of the New Text and the Old Text of the Han dynasty. Qian contended that there were no disputes between New Text Scholarship and Old Text Scholarship during the Han Dynasty: there was only the antithesis between the official learning (wangguan xue) and the Hundred Schools (baijia yan) during the Western Han, and there was only the opposition between the New School (jin xue), which emphasized the syntactic and semantic interpretation of ancient texts, and the Old School (gu xue), which emphasized the exegetical interpretation of ancient texts, during the Eastern Han. The focal point of this paper is a review of Qian's interpretation: his exclusive definition of "Old Text" was arbitrary. Qian demarcated his conception from those of Liao Ping (1852-1932) and Zhou Yutong (1898-1981), and confined his interpretation only to the classical Six Arts. A sectarian bias thus came into being. This bias was demonstrated by Qian's historiographical standpoint and his preference for Neo-Confucianism, which to a certain extent brought about a deficiency in his interpretation of the issues between the New Text and the Old Text. By reviewing Qian's conception, this paper aims at a reflection on the interpretation of the New- Old issues. We should think outside the box-the alternative thesis between Liao's bisection of the New and the Old and Qian's erasure of the New and the Old-and take a new approach to the issue.