In this paper, a linguistic phenomenon that ‘N + de + V’ appears in the place of subject and object within a sentence in modern Chinese is studied. Firstly, the stance of this paper toward the problem of ‘N + de + V’ structure and the word class induction problem of ‘V’ which are contentious in many ways until now in Chinese grammar academic circles, is indicated. Subsequently, syntactic, semantic and pragmatic characteristics of ‘N + de + V’ that appears in the place of subject and object, are examined. Lastly, asymmetry of subject ‘N + de + V’ and object ‘N + de + V’ is studied in terms of syntactic, semantic and pragmatic aspects.