Chad Hansen is one of the strongest proponents of the view that the important second chapter of Zhuangzi's Inner Chapters (The Qi Wu Lun) reveals Zhuangzi to be a relativistic sceptidst. Hansen argues that Zhuangzi is a sceptic because he is first and foremost a relativist. Hansen's argument is essentially that Zhuangzi's perspectivism, his belief that one's linguistic and conceptual perspective determines what one claims to know, makes him a thorough going relativist and sceptic. I agree that Zhuangzi is a perspectivist, but disagree with Hansen's portrayal of him as a relativistic sceptic. I first show that there is an important ambiguity in Hansen's argument. I then proceed to argue that important passages in the Qi Wu Lun (in particular the butterfly dream passage,) reveal serious problems with Hansen's interpretation of Zhuangzi's philosophical stance, I maintain that Zhuangzi is neither a sceptic nor a perspectival relativist. He is rather a perspectival realist.