The film tells the tragic story of two recent college graduates, Tao Jianping ("Tao" is a homophone for peach), and Li Lilian ("Li" is a homophone for plum). Married, the two hope to change society for the better, but are continuously challenged by the corruption and injustice of Chinese society.
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.
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.
