对美林的合并，最初被视为一次战略性重组，很快却变得糟糕。
Seen initially as a strategic coup, the Merrill acquisition quickly soured.
同时，实现债务战略性重组，多渠道消化银行不良贷款。
Besides, we should reorganize the debts strategically to digest the non-performing loans through many channels.
目前，国企改革的中心环节是企业资产的战略性重组和公司治理机制的建立。
At present, the core of the reform is the strategic reorganization of state-owned economy and the establishment of the corporate administrative mechanism.
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