The company underwent a major
reorganization to streamline operations and improve efficiency.
公司进行了大规模的重组，以简化运营和提高效率。
She proposed a
reorganization of the department, which led to a more balanced workload distribution.
她提议部门重组，这导致了工作负荷更均衡的分配。
After the acquisition, the management decided to reorganize the new company's structure.
收购后，管理层决定重组新公司的架构。
The school implemented a
reorganization of their curriculum to better align with industry standards.
学校实施了课程重组，以更好地符合行业标准。
The government is currently undergoing a
reorganization of its public service departments.
政府正在对其公共服务部门进行重组。
The military conducted a
reorganization of its command structure to enhance communication and coordination.
军队对指挥结构进行了重组，以增强沟通和协调能力。
The sports club underwent a
reorganization of its board, bringing in new leadership.
体育俱乐部进行了董事会重组，引入了新的领导层。
The project team decided to reorganize their tasks to ensure deadlines were met.
项目团队决定重新安排任务，以确保按时完成。
The nonprofit organization underwent a
reorganization to increase its fundraising efforts.
非营利组织进行了重组，以加强其筹款活动。
In response to market changes, the corporation underwent a significant
reorganization of its marketing strategy.
为了应对市场变化，公司对其营销策略进行了重大重组。
The company announced in March it would split into six business groups, each with the ability to raise external funding and seek its own IPO, representing the most significant reorganization in its 24-year history.
该公司在3月份宣布，将拆分为六个企业集团，每个企业集团都有能力筹集外部资金并寻求自己的IPO，这是其24年历史上最重大的重组。
"We can see a lot of opportunities in China and this is why we are investing," he said, adding such opportunities arose from the reorganization of global supply chains, the internationalization of the renminbi, the development of sustainable finance and wealth management in China, among other factors.
“我们可以在中国看到很多机会，这就是我们投资的原因，”他说，并补充说，这些机会来自全球供应链的重组、人民币国际化、中国可持续金融和财富管理的发展等因素。
These are examples of the opportunities arising from the global supply chain reorganization, he said.
他说，这些都是全球供应链重组带来的机遇的例子。
Industry experts said the move will make Cainiao the first Alibaba business unit to go public after Alibaba said that it would split into six business groups, each with the ability to raise external funding and seek its own IPO, representing the most significant reorganization in its 24-year history.
业内专家表示，此举将使菜鸟成为阿里巴巴第一个上市的业务部门。此前，阿里巴巴表示将拆分为六个业务集团，每个业务集团都有能力筹集外部资金并寻求自己的IPO，这是其24年历史上最重大的重组。
This was seen as the most significant reorganization in its 24-year history.
这被视为其24年历史上最重大的重组。
Formed after the reorganization of the former Baosteel and Wuhan Iron and Steel in 2016, China Baowu is the world's largest steelmaker, with crude steel output hitting 120 million tonnes in 2021.
中国宝武是在2016年前宝钢和武钢重组后成立的，是世界上最大的钢铁制造商，2021年粗钢产量达到1.2亿吨。
With China's steel industry entering a new era of rapid development, the government is likely to take more restructuring and reorganization activities at SOEs in the coming years, said Wang Guoqing, research director at the Beijing Lange Steel Information Research Center.
北京兰格钢铁信息研究中心研究主任王国庆表示，随着中国钢铁行业进入快速发展的新时代，政府可能在未来几年对国有企业进行更多的重组和重组。
The number of central SOEs has been reduced from 196 to 98 via merger and reorganization activities, or half of the original number.
通过兼并重组活动，中央国有企业的数量从196家减少到98家，即原来数量的一半。
"Since the space for cutting the number of central SOEs through mergers and reorganization has been limited, the government is more inclined to integrate their businesses to better optimize resource allocation," said Xu Baoli, a researcher at SASAC's research center.
国资委研究中心研究员徐宝丽表示：“由于通过兼并重组削减中央国有企业数量的空间有限，政府更倾向于整合它们的业务，以更好地优化资源配置。”。
Li Kongyi, an analyst at Shanxi Securities, predicted that there will be more reorganization and integration moves among central SOEs in the coming years.
山西证券分析师李孔义预测，未来几年，中央国有企业将有更多的重组和整合行动。
Based on the needs of the nation's opening-up policies and economic growth, the reorganization of central SOEs in industries such as energy, automobile, transportation and military industries will be accelerated.
根据国家对外开放政策和经济发展的需要，加快能源、汽车、交通、军工等行业的中央国有企业重组。
China had completed the reorganization of 47 central SOEs such as China Railway Rolling Stock Corp and China COSCO Shipping Corp Ltd during the 2012-21 period, while establishing new central SOEs, including China Oil & Gas Pipeline Network Corp and China Anneng Construction Group Corp. Apart from making contributions to the growth of the Belt and Road Initiative, the overseas assets of central SOEs have reached nearly 8 trillion yuan to date, with over 8,000 projects in more than 180 countries and regions, Weng said.
2012-21年，中国完成了对中国铁路机车车辆股份有限公司、中国远洋运输股份有限公司等47家中央企业的重组，同时成立了中国石油天然气管网公司、中国安能建设集团公司等新的中央企业，翁说，到目前为止，中央国有企业的海外资产已经达到近8万亿元，在180多个国家和地区有8000多个项目。
All four reorganization plans related to HNA have been completed with court approvals, and a special service trust for follow-up debt repayment has been established according to law, the conglomerate said in a statement on Sunday.
海航集团周日在一份声明中表示，与海航有关的四项重组计划均已获得法院批准，并已依法成立后续偿债特别服务信托。
In February 2021, HNA was officially accepted by the court for bankruptcy reorganization.
2021年2月，海航正式被法院受理破产重整。
Now, the assets of HNA have been separated into four parts, including three independently listed companies and another group that includes the merger and reorganization of 321 companies.
现在，海航的资产已分为四部分，包括三家独立上市公司和另一个包括321家公司合并重组的集团。
"The completion of the bankruptcy and reorganization of HNA has helped to restructure the debt, injected capital, cut aircraft rents and brought a new management concept to the group.
“海航破产重组的完成有助于重组债务、注入资本、削减飞机租金，并为集团带来了新的管理理念。
After the reorganization, Liaoning Fangda has achieved absolute control over the airline business of the carrier.
重组后，辽宁方大实现了对该航空公司航空业务的绝对控制。
After the reorganization, HNA will put more effort into the operations of its 321 companies.
重组后，海航将加大321家公司的运营力度。
China's fourth-largest carrier, Hainan Airlines, reported booming performance of its cargo business in January, fueled by growing demand for airfreight transportation and its healthy operations after reorganization.
中国第四大航空公司海南航空（Hainan Airlines）1月份公布了其货运业务的蓬勃发展，这得益于对空运的需求不断增长以及重组后的健康运营。
The airline said since a court's final ruling on Oct 31, its reorganization process has been going on smoothly, and substantial progress has been made in risk mitigation, according to its statement released on Wednesday.
根据周三发布的声明，该航空公司表示，自10月31日法院作出最终裁决以来，其重组过程一直顺利进行，在风险缓解方面取得了实质性进展。
"We will promote the orderly reorganization and integration of our logistics sector, synergizing China's high-quality resources to build a comprehensive logistics group with complete business, wide coverage and strong competitiveness," said Shan Zhongli, board director of China Chengtong.
“我们将推动物流板块有序重组和整合，集聚中国优质资源，打造业务齐全、覆盖面广、竞争力强的综合物流集团，”中国诚通董事会董事单忠立表示。
Following the government's policies, China Chengtong has invested more than 76 billion yuan ($11.78 billion) in cash to give full play to the role of active shareholders, and actively took part in the reorganization and integration of key industries such as oil and gas pipeline network, steel, electrical equipment and modern logistics, as well as equity diversification reforms.
按照国资委部署，中国诚通已投入现金760多亿元人民币，充分发挥积极股东作用，积极参与油气管网、钢铁、电气设备、现代物贸等重点行业企业重组整合，以及混合所有制改革等。
Managing 660 billion yuan of State funds, China Chengtong also operates over 70 billion yuan of equity of listed companies, and remains a major shareholder of several central SOEs such as National Petroleum and Natural Gas Pipe Network Group Co Ltd. Liu Xingguo, a researcher at the China Enterprise Confederation in Beijing, said that promoting strategic reorganization of central SOEs is a practical measure to improve the efficiency of resource allocation.
作为管理着6600多亿元人民币国有资本的运营公司，中国诚通还运营着7000多亿元人民币的上市公司股权，是国家石油天然气管网集团有限公司等多家央企的主要股东。北京中国企业联合会研究员刘兴国表示，推动央企战略性重组是提高资源配置效率的务实之举。
The subsidiaries of China XD Group Corp and State Grid Corp of China involved in this reorganization move include Shandong Electrical Engineering & Equipment Group Co Ltd, Henan-province based Pinggao Group Co Ltd and a number of manufacturers across China.
中国西电集团和国家电网此次重组涉及的子公司包括：山东电工电气集团、河南平高集团以及中国各地的多家制造企业。这表明，此次重组不仅限于两家公司内部，还涵盖了其下属的多个重要子公司，旨在优化资源配置，提升整体竞争力。
The State Council approved the reorganization and integration of a number of subsidiaries owned by Xi'an-based China XD Group Corp and Beijing-headquartered State Grid Corp of China - two centrally-administered State-owned enterprises, China XD Electric Co Ltd, a subsidiary of China XD Group Corp and a Shanghai Stock Exchange-listed company announced in a notice on late Tuesday.
国务院批准了总部位于西安的中国西电集团有限公司和总部位于北京的中央直属国有企业国家电网公司旗下多个子公司进行重组整合。中国西电集团旗下的子公司、同时也是上海证券交易所上市公司的中国西电电气股份有限公司在周二晚间发布的一则公告中宣布了这一消息。
The subsidiaries of China XD Group Corp and State Grid Corp of China involved in this reorganization move include Shandong Electrical Engineering & Equipment Group Co Ltd and Henan-province based Pinggao Group Co Ltd.
参与此次重组行动的中国西电集团有限公司和国家电网公司的子公司包括山东电力工程设备有限公司以及总部位于河南省的平高集团有限公司。
China Evergrande Group, one of the country's leading developers, has denied rumors about its bankruptcy and reorganization, claiming they were "totally untrue", Beijing Daily reported.
北京日报报道，中国领先的房地产开发商之一恒大集团否认了有关其破产和重组的传言，称这些传言“完全不真实”。
After reorganization and squeezing out bubbles, it is still a healthy asset, and thus Fangda Group is willing to take over the airline business of HNA," said Lin Zhijie, an aviation industry analyst and a columnist at Carnoc, a major civil aviation website in China.
“经过重组和挤掉泡沫后，它（海航）仍是一个健康的资产，所以方大集团愿意接手海航的航空业务，”林智杰，中国主要民航网站Carnoc的专栏作家和航空业分析师说。换句话说，经过重组和去除不健康的债务和业务后，海航的航空业务仍然具有吸引力，因此方大集团决定接手。这表明尽管海航面临财务困境，但其核心业务仍有价值。林智杰的观点是，在经历了艰难的重组过程后，海航的航空业务有望恢复健康并实现可持续发展。方大集团的接手也意味着对海航未来发展的信心。
The domestic and foreign anti-monopoly reviews of the reorganization of two erstwhile State-owned shipbuilders-China State Shipbuilding Corp and China Shipbuilding Industry Corp - has been fully completed, said a senior executive from China State Shipbuilding Corp Ltd. China Shipbuilding Industry Corp itself is the merged entity of these two giant shipbuilding groups, which came together in late 2019 to boost China's shipbuilding industry.
中国船舶集团有限公司的一位高级管理人员表示，两家原国有造船厂——中国船舶工业集团公司和中国船舶重工集团公司的重组的国内外反垄断审查工作已全面完成。中国船舶集团本身就是这两家大型造船集团合并后的实体，它们在2019年末合并，旨在提振中国的造船业。
Addressing a meeting held by the State-owned Assets Supervision and Administration Commission of the State Council in Beijing, Qian Jianping, China Shipbuilding Industry Corp's vice-president, said the reorganization works of the two Beijing-headquartered groups has entered the stage of substantive operation, and China Shipbuilding Industry Corp will move its headquarters to Shanghai.
中国船舶工业集团副总经理钱建平在国务院国资委在京召开的会议上表示,两大集团重组工作的实施正在积极推进,中国船舶工业集团总部将迁往上海,重组工作已进入实质性操作阶段。
After the reorganization, the annual crude steel production capacity of Ansteel will reach 63 million metric tons, and its operating income will reach 300 billion yuan ($46.14 billion), ranking second in China and third in the world, a statement released by the State-owned Assets Supervision and Administration Commission and the Liaoning provincial government said.
重组后，鞍钢年粗钢产能将达到6300万吨，营业总收入达到3000亿元人民币(合461.4亿美元)，在中国排名第二，在全球排名第三。国资委和辽宁省人民政府发布的声明称。
Paul Sheng, CEO of Saint-Gobain China, said the new plant's production method has not only resolved the issue of solid waste for power plants, but also promoted the coordinated development that balances high-quality economic growth and high-level ecological and environmental protection, since the reduction of emissions, innovations in the use of resources, the reorganization of supply chains, and new production methods have all become decisive competitive factors.
圣戈班中国区首席执行官Paul Sheng表示，新工厂的生产方式不仅解决了火电厂固体废弃物的问题，还促进了高质量经济增长与高水平生态环境保护之间的协调发展，因为减排、资源利用创新、供应链重组和新的生产方式都已成为决定性的竞争优势。
HNA Group, the parent company of Hainan Airlines, has applied for bankruptcy and reorganization after a long period of financial struggles.
海航集团，海航航空的母公司，经历长期的财务困境后已申请破产重组。
The company added that the deal is in line with the nation's initiative to promote supply-side reform and speed up the merger and reorganization of excess capacity.
Jia Yueting, founder of Faraday Future (FF) and LeEco, said in a public letter that his individual bankruptcy reorganization procedure in the United States completed on June 26 after nearly one year since it began.
Zhu didn't leave UC, an official from the company's innovation business told The Paper on Tuesday evening, adding Zhu also attended an event to celebrate the first anniversary of the Alibaba innovation business reorganization on June 2.
Thanks to the progress of mixed-ownership reform and reorganization and asset securitization of State capital, central SOEs' net profits jumped 10.8 percent year-on-year to 1.3 trillion yuan ($185.6 billion) last year, officials said.
To improve the efficiency of State capital, China has reorganized 41 central SOEs since 2012, including the merger of China State Shipbuilding Corp and China Shipbuilding Industry Corp, and the structural reorganization of China Poly Group Corp and China Silk Corp.
Thanks to progress of mixed-ownership reforms in China and the reorganization and asset securitization of State capital, the country's central SOEs reported faster profit growth with lower debt-to-asset ratios last year compared with 2018, the SASAC reported on Wednesday.
After the suspension, Didi has taken a fold of security measures, including a major reorganization to place customer safety ahead of growth.
Li Jin, deputy director and chief researcher with the China Enterprise Research Institute, noted that merger and reorganization helps to accelerate the reform process of China's State-owned enterprises.
This is in line with the State-owned Assets Supervision and Administration Commission's focus this year to promote strategic reorganization to take advantage of economies of scale and to promote the reorganization and integration of the upstream and downstream of the industrial chain.
"Through merger and reorganization, SOEs had continuously deepened institutional reforms, and their benefits continued to grow.
Anta Sports Products Ltd posted strong half-year results underpinned by the strong growth of its fashion sports brand Fila, reorganization efforts to improve efficiency and the booming sports industry in the country.
Zheng said the operational reorganization earlier this year has seen the company divide its brands into three categories for centralized management - professional, fashion, and outdoor sports.
Bloomberg said investors are skeptical about Deutsche Bank's ability to successfully complete it reorganization.
The financial analysts noted that the bank's stock already had the lowest price-to-book ratio of any big European bank before the reorganization announcement and said its share price plunged by almost 10 percent this week, following the announcement of the layoffs.
The reorganization of Baowu and Magang will not only increase their steel production, but will also pave the way for their development in leveraging each other's advantages, said Zhang.
Private companies invested a total of 1.26 trillion yuan ($190 billion) in state assets, including through equities transfers, IPOs and asset reorganization, during 2013 to 2018.
The move came after a company-wide reorganization in December, which aims to improve safety and efficiency, as its core business is under increasing scrutiny from authorities.
Also part of the reorganization, core commerce site Tmall now will include three major divisions: the namesake Tmall business group focusing on brand innovation endeavors, the Tmall Supermarket business group that integrates physical stores and online orders, and Tmall's import and export business unit, which eyes fulfilling the company's pledge to help import $200 billion worth of goods over the next five years.
"The restructuring, which included a string of other organizational and personnel reshuffling, came on the heels of a record-breaking 213.5 billion yuan ($30.7 billion) in Singles' Day sales on Nov 11 and is the first significant reorganization steered by Zhang since he was named chairman-designate in September.
China is likely to play a bigger role in thyssenkrupp AG's proposed new industrial solutions entity, as the German industrial conglomerate experiences its biggest reorganization in decades to pursue more focused and efficient growth, its chief executive officer has said.
The elevator business, including elevators, escalators, access and airport solutions, will remain its largest segment in China after the details of the reorganization are decided in 12 to 18 months, whereas automobile-related technologies are set to enjoy the fastest growth, according to Guido Kerkhoff, who chairs the executive board leading the reorganization.
"Kerkhoff was speaking months after he was appointed CEO to steer the reorganization of the company into two independent and listed units to counter profit pressure and sustain growth.
"Despite the high potential, huge efforts are needed to facilitate the reorganization, such as how to better distribute resources among different businesses.
This move will impact an additional 80 employees, although the people affected by this reorganization will be offered jobs in the new locations"We understand that this a difficult time for our employees," said Peter Vogt, head of Nestle's Human Resources.
The Shanghai-listed firm decided to suspend stock trading starting on Monday as the move could lead to major assets reorganization, the company said Sunday.
The company also clarified in an announcement it has not formed any substantive plans and intentions on the "reorganization" reported by some media.
On Thursday after its share rose by daily limit, the company clarified in an announcement it has not formed any substantive plans and intentions on the "reorganization" mentioned by some media.
The company said on Friday it has suspended the planned purchase of Le Vision Pictures, a filmmaking arm of LeEco, and will hold a briefing on Tuesday related to the termination of a reorganization of the company's major assets and operating situation.
Song said he is not optimistic about the future profitability of Leshi and the company lacks core competitiveness, and even if the reorganization efforts succeed, it will not make much difference to Leshi.
Mixed-ownership reform is designed to further diversify the ownership structure of SOEs, going beyond mergers, acquisitions and reorganization, and has helped improve the efficiency and competitiveness of SOEs directly under the central government.
The CSRF, a venture that aims to establish a sub-fund to support State-owned enterprises' reorganization, is China's biggest investment fund raised from SOEs.
Zhao Ying, a researcher at the institute of industrial economics at the Chinese Academy of Social Sciences, said the reorganization will help the two companies, whose operations overlap in the cement sector, cut excess capacity and enhance research and development ability to develop other new construction materials, preventing price wars when seeking orders in overseas markets.
Two subsidiaries of China State Shipbuilding Corp, the primary contractor for China's naval force, halted stock trading on the Shanghai Stock Exchange on Wednesday as their parent company prepares a major asset reorganization, the group said on its website.
"Since their business is overlapped in the cement sector, the reorganization will help the two companies cut excess capacity and enhance research and development ability to develop other new building materials, preventing price wars in gaining orders for cement from overseas mar-kets," said Zhao Ying, a researcher at the institute of industrial economics of the Chinese Academy of Social Sciences in Beijing.
It declared no dividend, saying that a special dividend would come after the firm's reorganization.
[Photo/VCG]BEIJING － Billionaire Wang Jianlin is planning a reorganization of Wanda Hotel Development Co, expanding an overhaul of the Chinese tycoon's property-to-entertainment empire.
The move is the latest in a broader reorganization of Wang's Dalian Wanda Group Co, one of China's once-acquisitive firms now under scrutiny by Chinese authorities.
Other issues like reorganization of assets and transaction modes are under discussion, the companies said in the statement.
China Minmetals Corporation rose from the 323th position last year to 120th this year after implementing strategic reorganization with Metallurgical Corporation of China in late 2015.
After Wanda sell these assets, even though it is not belong to a major asset reorganization, its old prospectus also need an update, an anonymous insider of investment banking told 21st Century Business Herald on Thursday.
China is also considering merging two of its nuclear power giants, as the Shanghai-listed units of China National Nuclear Corp and China Nuclear Engineering Corp Group said earlier in March that a strategic reorganization of the companies is underway.
In the past two years, cutting overcapacity has also accelerated in China, as well as industrial mergers and reorganization, amid the government's effort to deepen supply-side structural reform.
The decision was part of a reorganization by one of the country's biggest real estate companies ahead of a planned backdoor listing in the mainland.
Bright Food's spokesman Pan Jianjun said the reorganization will help Bright Food to complete its food product industry chain.
Meanwhile, reforms, mergers and reorganization of State-owned enterprises must be advanced to make them stronger, thrive and expand.
""Only through high-standard opening-up could we further improve the socialist market economy system and strengthen the ties and compatibility between the Chinese and international economies, against the background of uncertainties in China-US relations and reorganization of global industrial and supply chains," Zhao added.
Despite some reorganization of supply chains, international trade remains key to ensuring the global economy becomes more resilient, inclusive and sustainable, experts and economists said at a forum in Beijing on Thursday.
"It's clear that some reorganization of supply chains will happen, with some reshoring and nearshoring," she said.
The rise of anti-globalization and trade protectionism has severely impacted international trade, investment and financial cooperation, leading to the adjustment and reorganization of global industrial and supply chains.
But the green revolution, as well as the development of science and technology, caused the reorganization of the industrial chain, whereas the financial and investment communities must adapt to this change.
For instance, major strides were made by central SOEs, such as Beijing-based China Oil and Gas Pipeline Network Corp, Shanghai-based China Baowu Steel Group Corp and Liaoning province-based Ansteel Group Corp in the reorganization of their main business operations.
For instance, big strides were made by the China Oil & Gas Pipeline Network Corporation, Ansteel Group and China Poly Group Corp in the reorganization of their main business operations.
The nation had completed the reorganization of 47 central SOEs such as China Railway Rolling Stock Corp and Sinochem Holdings Corp Ltd during the 2012-21 period, while establishing new central SOEs, including China Rare Earth Group Co Ltd, China Satellite Network Group Co Ltd and China Oil& Gas Pipeline Network Corp, SASAC said.
In reality, we really do have to understand the reconfiguration and reorganization of globalization, rewiring of networks.
"Bankruptcy reorganization and bankruptcy reconciliation, for example, are 'protection' and 'rescue' for enterprises.
The reorganization will seek to do the following, among other things: transform central SOEs into world-class, globally competitive corporates; maintain the stability of the industry and supply chains; deepen supply-side structural reform; and enhance efficiency in resource allocation.
Addressing a meeting in Beijing, Weng said that promoting strategic reorganization of central SOEs is a practical measure to improve the efficiency of resource allocation.
After the 19th National Congress of the Communist Party of China in 2017, a number of large-scale, far-reaching reorganization projects involving 12 central SEOs in six groups have been completed.
Qian Jianping, vice-president of China State Shipbuilding Corp Ltd, or CSSC, said the domestic and foreign anti-monopoly reviews of the reorganization of two erstwhile State-owned shipbuilders－China State Shipbuilding Corp and China Shipbuilding Industry Corp－have been completed.
Qian said the reorganization of the two Beijing-headquartered groups has entered the stage of substantive operations, and CSSC will relocate its headquarters to Shanghai.
"The mixed-ownership reform and reorganization of central SOEs have always been in the spotlight to optimize and upgrade China's State-owned assets," said Peng from the SASAC, noting listed companies today have become the main carriers for the mixed-ownership reform.
The government will promote the strategic reorganization and professional integration of centrally administered State-owned enterprises and divest their noncore, nonadvantageous and noncompetitive businesses during this period, said Hao Peng, chairman of the State-owned Assets Supervision and Administration Commission of the State Council.
The country's top State assets regulator had accelerated the optimization and structural adjustment of State-owned capital during the past five years, completing the reorganization of 12 groups formed by 24 central SOEs.
China optimized the distribution and structure of state capital during the 13th Five-Year Plan period with 24 centrally controlled SOEs in 12 groups completing reorganization, said Peng Huagang, secretary-general of the State-owned Assets Supervision and Administration Commission of the State Council.
Govt to push contractual management system for executives at all levelsChina plans to complete more than 70 percent of the tasks of its three-year (2020-22) action plan by the end of this year, further pushing forward the mixed-ownership reform and reorganization process in its State-owned enterprises, a senior government official said on Tuesday.
The reorganization exercise improved the group's industrial layout, promoted the quality of constituents' operations, and strengthened coordination among their internal departments.
Govt to focus on improving efficiency of resource allocation, says SASACChina will speed up the strategic reorganization of its centrally-administered State-owned enterprises to gather State capital in key industries that are vital to national security and economy, during the 14th Five-Year Plan (2021-25) period, a senior government official said on Tuesday.