A novelist uses all his money to buy gifts for the woman he loves who in turn is also seeing a business man, using him for expensive presents. As a consequence the writer is unable to pay the rent, whilst the womans family goes hungry as her fathers business suffers. A joyful comedy that expresses the dangers of consumerism for the careless spender.

Based on the play The Government Inspector by Nikolay Gogol.

1930's China. The village of a poor family is taken over by the occupying Japanese army. One son, Zhongliang, leaves his wife and young son to join a medic group for the Chinese Army. The other son, Zhangmin goes into hiding to protect his family. The focus shifts back and forth from the brothers' parents and Zhongliang's wife and son to Zhongliang's newfound life of luxury in a town not too far away. The plight of Zhongliang's mother, his wife, Sufan and her son, Kongeson is contrasted with Zhongliang's rise in a flourishing company.

The young poet Xin Baihe flees Shanghai with his friend, Liang. Liang soon joins the resistance against the Japanese invaders, but Xin chooses to pursue a relationship with a glamorous and westernized widow in Qingdao. After hearing that Liang has been killed, Xin has a change of heart and rushes to join the war effort.

After a flood, the Sea Charity Association sends Liu Hao Ming to a village to direct the burial of corpses. Hao Ming meets the singer Ruyun and her father there, and advises Ruyun not to sing a beautiful song, but to sing “The Beauty of Yu” instead, which Ruyun obeys to the full applause of the audience, but arouses the displeasure of a butcher, Sa-zuo, and others. When the flood comes again, the village people go to Shanghai to evacuate. Sa-zuo and the others ask Hao-ming for help, and Hao-ming leads them to an empty mansion to spend the night, where they run into Ruyun's father and learn that Ruyun has been separated. A female ghost haunts the house and they all escape from the house. Hao Ming does not see Ruyun's father and goes back to look for him, but he sees that the female ghost is Ruyun.

Overnight, the sexy Wei Ming will become a successful novelist. But, desperate to get the money that she needs to cure her little daughter (and harassed by a rich, unscrupulous rake), she will end up eventually engage in luxury prostitution.

In this Chinese version of The Phantom of the Opera, the mysterious Song Danping terrorizes the newly rebuilt opera house and its young star.