(单词翻译:单击)
China Travel Service (CTS) (Holdings) Corp. was merged3 into CTS (Holdings) Hong Kong Ltd., while China Textile Industrial Engineering Institute became a subsidiary of China National Petroleum4 Corporation, according to Friday's announcement by the State-owned Assets Supervision5 and Administration Commission (SASAC).
The SASAC has planned to cut the number of major enterprises under its control from 157 to between 80 and 100 by 2010, but a SASAC research fellow Wang Zhigang said earlier the goal would be met by the end of next year.
The Chinese central government will also focus on developing 30 to 50 enterprises to better compete with foreign firms.
SASAC Director Li Rongrong said in an earlier report that the state assets agency will concentrate strategic industries like military, electric power grid6, petroleum and chemical, telecommunications, coal, civil aviation and shipping7 industries.
The watchdog will also emphasize key companies in auto8, construction, electronic information, steel and machinery9 manufacturing industries, Li said.
The assets regulator, set up in 2003 to take control of big state companies, has cut the number of major SOEs by promoting mergers10 and acquisitions and allowing poorly performing state firms to go bankrupt.
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1
affiliated
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| adj. 附属的, 有关连的 | |
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2
streamline
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| vt.使成流线型;使简化;使现代化? | |
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3
merged
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| (使)混合( merge的过去式和过去分词 ); 相融; 融入; 渐渐消失在某物中 | |
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4
petroleum
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| n.原油,石油 | |
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5
supervision
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| n.监督,管理 | |
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6
grid
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| n.高压输电线路网;地图坐标方格;格栅 | |
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7
shipping
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| n.船运(发货,运输,乘船) | |
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8
auto
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| n.(=automobile)(口语)汽车 | |
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9
machinery
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| n.(总称)机械,机器;机构 | |
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10
mergers
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| n.(两个公司的)合并( merger的名词复数 ) | |
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