Abstract: 40 years had passed since China implemented its iconic Open Policy and reform. In the past 40 years, the proportion of tertiary industry in large cities like Beijing, Shanghai and Guangzhou has surpassed that of the primary and secondary industries. Even small and medium cities are currently transitioning from the primary and secondary industries towards the second and tertiary industries. Following this transition, the old industrial edifices and buildings are gradually abandoned and neglected. This paper examines the feasibility of Nanchong’s transformation from the textile industry to tertiary or service industry through a comprehensive survey of the status, conservation and application of Nanchong industrial heritage, and explore the new direction for China’s industrial heritage.