The story is about a fisherman's family living near to Shanghai. In the beginning, twin babies are born, a boy and a girl. Their growing-up is briefly sketched, and their friendship with "young master", a boy from rich family about their age.
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.