What Is This Chinese Coin?

It's certainly a puzzler, and certainly not an official coin. But exactly what it is, I am uncertain.

I believe the reverse inscription is "er zhi" or "two zhi". "Zhi" can mean control, rule, or cure, depending on context. As far as I can tell, "zhi" was never a slang term for "10 cents", so I don't think it's actually supposed to be a denomination. Two governments? Two cures? I'm not culturally aware enough to translate it properly. I'm also unsure of what the basket-like object on the obverse is - perhaps an incense-burner?

Considering the context of the war-torn nature of China in 1940 (the date on the coin), perhaps some kind of anti-Japanese token? By 1940, much of China's population was under Japanese occupation, with the ROC government, in uneasy alliance with the Communists, essentially being reduced to a guerrilla army. Perhaps the "two zhi" are a reference to the KMT-Communist alliance? But I'm really just guessing here.

Found something that shows something similar with the vase

https://new.qq.com/rain/a/20200111A0FEHC00

It's a token of something but what it is puzzles me.

The top token (we'll call it that for lack of a better description) has two orthographic oddities. Firstly, the inscription on the vase side says "China Year 29", using a special character for 20. Then, the "spade" side says "two ten", using the standard way of writing "20" except with alternate, more formal (and harder to forge) characters often used on money. There's no actual denomination, although "fen" is strongly implied.

If you compare that with the Sun Yat-Sen coin immediately below, you can see that the inscription on the head side is "Republic of China Year Two Ten Eight" (28), while the "spade" reads "Twenty Fen" using the "20" character used in the date on the token.

To me it appears to be an offering-urn or brazier, heaped up with coals, and with flames arising from the coals. A similar vessel appears on some Chinese currency notes of the same period.