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Magnetism is one of the basic properties of matter. Mankind has trav elled a long road in discovering and utilizing magnetism, and in this respect the ancient Chinese people have made outstanding contribu tions. In the book 'Lu's Spring and Autumn', written near the end of the Warring States Period, i. e. in the third century B. C. , there is a statement on the "attraction of iron by lodestones". So at that time it was known that magnets can attract ferromagnetic material. At the be ginning ofthe first century A. D. , viz. in the early years ofthe East Hang Dynasty, the famous scholar Wang Chong wrote in his masterpiece 'Len Hen' that the handle of a magnetic dipper pointed to the south. It ...