The article analyzes the role the 'new' Confucianism plays in East Asia. There have to be defined two different trends: the 'new' Confucianism present now and the one that is ten centuries old. That is why it would be best to use 'contemporary, new Confucianism' as the term denoting the current attempts at reanimation of Confucianism in the PRC. The article presents the origin of the 'contemporary, new Confucianism', the Japanese attempts at adapting Chinese Confucianism to reinforce the imperial power in Japan, and criticism of Confucianism undertaken by Chinese intellectuals in the first two decades of the 20th century under the influence of Western philosophy. Then, it concentrates on reconstruction of various realms of traditional Chinese culture (with special focus on Confucian ethics in Taiwan after 1950), and attempts at applying Confucianism in Southeast Asia in the 2nd half of the 20th century. Finally, it sums up Chinese philosopher's, Wang Deyou, thoughts on contemporary Confucianism as well as contemporary discussion about its cardinal questions.