Economic Watch: From abandoned factories to cultural landmarks, China's urban renewal energizes new consumption

BEIJING, Jan. 30 (Xinhua) -- As dusk falls, neon lights cast a glow on the towering red-brick chimney bearing the words "Zhengzhou Memory," while folk music and dance performances fill the open-air stage, with crowds thronging around cultural and creative stalls.

Few would imagine that this new landmark in Zhengzhou, central China's Henan Province, was once an idle space in the cityscape, an abandoned factory ov