The present paper discusses Harold Bloom s theory on literary canon,which represents the general position of literary studies on literary canon.

In context of the consumption era, it becomes more necessary to explore the value of the literary canon and give their new interpretations.

The following are some basic elements in the formation of literary canon, artistic value, interpretation, variation of ideological and cultural authority, values of literary theory and critique, the reader, and the patron.

Inheritance and restructure of literary classics:rethinking Xu Wei s on the Middle-the Golden Mean;

In the 17th year of our republic,the mainstream s language of literary criticism took the leading position by obtaining the power of explaining literary classics.

The contemporary Chinese literature is full of comedian elements and national literary classics are also rewritten with comedian style or even humorously produced.

Along with the development of literature, the evaluation standard of literature classics changes, and different literature classics in different times came into the world.

The basic value of literature creation depends upon the literature classics.

The extensive influence of consumption society makes it pessimistic for ordinary readers to read literature classics.

Literature classics as the main carrier of culture, especially Chinese literature classics, both contain the rich connotation of traditional Chinese culture and represent the paragon a.

So the forming and dispersing of contemporary classics is closely relevant to the new discovery,new element and new value along with the i.

Thus in terms of literary history,the literary classics mean those that enjoy higher percentage of historification,so they are varying as history goes.