● Qing ceded Taiwan Province Island and all its affiliated islands, Penghu Islands and Liaodong Peninsula to Japan;
● Qing compensated Japan for its military expenditure of 220 million yuan (twenty-two thousand yuan);
● Clear Shashi, Chongqing, Suzhou and Hangzhou as commercial ports;
● Allow the Japanese to set up consular officers and factories at the trading ports of the Qing Dynasty and import various machines;
● Mutual granting of most-favoured-nation treatment;
Harm: Allow Japanese to set up factories in Chinese mainland and open more trading ports. China's economy was hit, and the small-scale peasant economy gradually disintegrated. The Reform Movement of 1898 was an event of great significance in the modern history of China, and it was a patriotic national salvation movement. It demands the development of capitalist economy and the expansion of bourgeois regime, which conforms to the historical trend of modern China's development, and is therefore a progressive political reform movement. It spread new bourgeois culture and new ideas, criticized old feudal culture and old ideas, and was another enlightenment thought.