The present invention discloses a caramel refreshing and crisp Chinese yam slice. Chinese yam dough is mixed evenly with peanut oil and gelatin powder to prepare a round long strip; slice cutting, drying and oil-frying are conducted to obtain a Chinese yam slice for a standby application; obtained caramel is dried into blocks; the dried caramel blocks are ground into powder; the caramel powder ismixed evenly with compounded nut powder and an appropriate amount of maltodextrin; an appropriate amount of water is added; the materials are cooked for 10-20 minutes; the cooked materials are then dried; the dried materials are ground into powder; the compound powder is prepared for a standby application; the obtained compound powder is evenly spread on the both side of the Chinese yam slice to obtain a finished product. The obtained Chinese yam slice is obtained by compounding Chinese yams and other raw materials, and processing and shaping the compounded materials; and the Chinese yam slicehas the same size and is crisp in mouthfeel, tough and convenient for industrial large-scale production and packaging. The caramel and nut powder increases the flavor and enriches the nutrition of the Chinese yam slice.