Sep 5, 2008--CHANGCHUN- Concerns of a surging oil price could mean the industrial restructuring and upgrading of China's industries, according to a United Nations Conference on Trade and Development (UNCTAD) official here on Friday.

    "The commodity price hike has severely impacted the Chinese economy, but it also happens at a good time as China is facing industry restructuring challenges," Li Yuefen, the UNCTAD Debt and Development Finance Branch head, said.