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By Philipp DemgenskiPublic talk given at the Research Centre for Land and Cultural Resources at the Department of Cultural Heritage and Museology of Fudan University, China.The talk was the seventh in a series titled "Fudan Cultural Heritage Preservation Series". 5. April 2017 at Fudan University, Shanghai, China.The talk was given in Chinese and addressed the problems revolving around a run-down inner city neighbourhood in the northeastern Chinese city of Qingdao that was not so long ago rediscovered as a place of historical and cultural importance. So-called experts have been calling for the preservation of its "tangible" artefacts, namely the architectural remains. The talk questioned the distinction between "tangible" and "intangible" by focusing on how the neighbourhood, its architecture and spatial composition had specific meaning and "use-value" to different predominantly disadvantaged urban groups. The talk also highlighted that the neighbourhood itself is an evolved urban entity whose value is to be found in its transformation over the past century, a transformation that is still ongoing. Finally, the talk addressed some more fundamental issues pertaining to urban development and so-called "preservation-oriented redevelopment" projects in China.A summary with photos can be found here (in Chinese).