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１９０９年美国首先决定退还庚子赔款的部分款项，用于在中国办学和派遣留美学生。由于成效显著，以英国为首的一些欧洲国家及日本也起而效仿。本文对各国退款的情况进行评述，提出庚子赔款是帝国主义对中国进行侵略和掠夺的产物，退款办学则是美、英、日等国采取的对中国未来施加影响的一项政策。但是，由于退还的部分庚款被指定用于教育和科技，使教育、科技能够在当时动乱的环境下得到一定的发展。
In 1909, the United States first decided to refund part of the compensation paid by Gengz for the purpose of running schools and sending students abroad in the United States. Due to the remarkable results, some European countries headed by the United Kingdom and Japan have also followed suit. This article comments on the refunds of various countries, and suggests that the compensation of Gengzi is the product of the aggression and plunder of China by the imperialists. Refund of running the school is a policy adopted by the United States, Britain and Japan to influence China’s future. However, since the returned part of the sum of money was earmarked for education and technology, education and science and technology would be able to make some progress under the turmoil of the time.