06-09-2008, 04:10 AM
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Join Date: Jan 2007
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Oil price could spur China industry restructuring
Concern over surging oil prices could mean the restructuring and upgrading of China's industries, according to a United Nations Conference on Trade and Development (UNCTAD) official here on Friday.
"Commodity price hikes have severely affected the Chinese economy, but they also occurred as China faces industrial restructuring challenges," Li Yuefen, the UNCTAD Debt and Development Finance Branch head, said.
Rising commodity prices and wages have made it increasingly difficult for ...
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