id	sid	tid	token	lemma	pos
fbem-14878	1	1	frontiers	frontier	NOUN
fbem-14878	1	2	in	in	ADP
fbem-14878	1	3	business	business	NOUN
fbem-14878	1	4	,	,	PUNCT
fbem-14878	1	5	economics	economic	NOUN
fbem-14878	1	6	and	and	CCONJ
fbem-14878	1	7	management	management	NOUN
fbem-14878	1	8	issn	issn	PROPN
fbem-14878	1	9	:	:	PUNCT
fbem-14878	1	10	2766	2766	NUM
fbem-14878	1	11	-	-	PUNCT
fbem-14878	1	12	824x	824x	NUM
fbem-14878	1	13	|	|	ADJ
fbem-14878	1	14	vol	vol	NOUN
fbem-14878	1	15	.	.	PROPN
fbem-14878	2	1	12	12	NUM
fbem-14878	2	2	,	,	PUNCT
fbem-14878	2	3	no	no	INTJ
fbem-14878	2	4	.	.	NOUN
fbem-14878	2	5	2	2	NUM
fbem-14878	2	6	,	,	PUNCT
fbem-14878	2	7	2023	2023	NUM
fbem-14878	2	8	187	187	NUM
fbem-14878	2	9	on	on	ADP
fbem-14878	2	10	risk	risk	NOUN
fbem-14878	2	11	management	management	NOUN
fbem-14878	2	12	and	and	CCONJ
fbem-14878	2	13	response	response	NOUN
fbem-14878	2	14	strategies	strategy	NOUN
fbem-14878	2	15	for	for	ADP
fbem-14878	2	16	cross	cross	NOUN
fbem-14878	2	17	border	border	NOUN
fbem-14878	2	18	mergers	merger	NOUN
fbem-14878	2	19	and	and	CCONJ
fbem-14878	2	20	acquisitions	acquisition	NOUN
fbem-14878	2	21	of	of	ADP
fbem-14878	2	22	enterprises	enterprise	NOUN
fbem-14878	2	23	-taking	-take	VERB
fbem-14878	2	24	hainan	hainan	PROPN
fbem-14878	2	25	airlines	airline	NOUN
fbem-14878	2	26	as	as	ADP
fbem-14878	2	27	an	an	DET
fbem-14878	2	28	example	example	NOUN
fbem-14878	2	29	jin	jin	NOUN
fbem-14878	3	1	chen	chen	PROPN
fbem-14878	3	2	*	*	PROPN
fbem-14878	3	3	,	,	PUNCT
fbem-14878	3	4	ying	ying	PROPN
fbem-14878	3	5	wang	wang	PROPN
fbem-14878	3	6	school	school	PROPN
fbem-14878	3	7	of	of	ADP
fbem-14878	3	8	accountancy	accountancy	NOUN
fbem-14878	3	9	,	,	PUNCT
fbem-14878	3	10	anhui	anhui	PROPN
fbem-14878	3	11	university	university	PROPN
fbem-14878	3	12	of	of	ADP
fbem-14878	3	13	finance	finance	NOUN
fbem-14878	3	14	and	and	CCONJ
fbem-14878	3	15	economics	economic	NOUN
fbem-14878	3	16	,	,	PUNCT
fbem-14878	3	17	bengbu	bengbu	NOUN
fbem-14878	3	18	,	,	PUNCT
fbem-14878	3	19	anhui	anhui	PROPN
fbem-14878	3	20	,	,	PUNCT
fbem-14878	3	21	china	china	PROPN
fbem-14878	3	22	*	*	PUNCT
fbem-14878	3	23	corresponding	correspond	VERB
fbem-14878	3	24	author	author	NOUN
fbem-14878	3	25	:	:	PUNCT
fbem-14878	3	26	jin	jin	PROPN
fbem-14878	3	27	chen	chen	PROPN
fbem-14878	3	28	(	(	PUNCT
fbem-14878	3	29	email	email	NOUN
fbem-14878	3	30	:	:	PUNCT
fbem-14878	3	31	1730607338@qq.com	1730607338@qq.com	NUM
fbem-14878	3	32	)	)	PUNCT
fbem-14878	3	33	abstract	abstract	NOUN
fbem-14878	3	34	:	:	PUNCT
fbem-14878	3	35	based	base	VERB
fbem-14878	3	36	on	on	ADP
fbem-14878	3	37	the	the	DET
fbem-14878	3	38	development	development	NOUN
fbem-14878	3	39	of	of	ADP
fbem-14878	3	40	cross	cross	ADJ
fbem-14878	3	41	-	-	ADJ
fbem-14878	3	42	border	border	ADJ
fbem-14878	3	43	m&a	m&a	PROPN
fbem-14878	3	44	of	of	ADP
fbem-14878	3	45	chinese	chinese	ADJ
fbem-14878	3	46	enterprises	enterprise	NOUN
fbem-14878	3	47	and	and	CCONJ
fbem-14878	3	48	the	the	DET
fbem-14878	3	49	status	status	NOUN
fbem-14878	3	50	quo	quo	NOUN
fbem-14878	3	51	of	of	ADP
fbem-14878	3	52	m&a	m&a	PROPN
fbem-14878	3	53	of	of	ADP
fbem-14878	3	54	chinese	chinese	ADJ
fbem-14878	3	55	enterprises	enterprise	NOUN
fbem-14878	3	56	after	after	SCONJ
fbem-14878	3	57	the	the	DET
fbem-14878	3	58	"	"	PUNCT
fbem-14878	3	59	the	the	DET
fbem-14878	3	60	belt	belt	NOUN
fbem-14878	3	61	and	and	CCONJ
fbem-14878	3	62	road	road	NOUN
fbem-14878	3	63	"	"	PUNCT
fbem-14878	3	64	policy	policy	NOUN
fbem-14878	3	65	was	be	AUX
fbem-14878	3	66	put	put	VERB
fbem-14878	3	67	forward	forward	ADV
fbem-14878	4	1	,	,	PUNCT
fbem-14878	4	2	this	this	DET
fbem-14878	4	3	paper	paper	NOUN
fbem-14878	4	4	proposes	propose	VERB
fbem-14878	4	5	the	the	DET
fbem-14878	4	6	risk	risk	NOUN
fbem-14878	4	7	factors	factor	NOUN
fbem-14878	4	8	that	that	SCONJ
fbem-14878	4	9	chinese	chinese	ADJ
fbem-14878	4	10	enterprises	enterprise	NOUN
fbem-14878	4	11	may	may	AUX
fbem-14878	4	12	encounter	encounter	VERB
fbem-14878	4	13	in	in	ADP
fbem-14878	4	14	cross	cross	ADJ
fbem-14878	4	15	-	-	ADJ
fbem-14878	4	16	border	border	ADJ
fbem-14878	4	17	m&a	m&a	PROPN
fbem-14878	4	18	and	and	CCONJ
fbem-14878	4	19	lists	list	VERB
fbem-14878	4	20	the	the	DET
fbem-14878	4	21	risks	risk	NOUN
fbem-14878	4	22	through	through	ADP
fbem-14878	4	23	the	the	DET
fbem-14878	4	24	research	research	NOUN
fbem-14878	4	25	on	on	ADP
fbem-14878	4	26	the	the	DET
fbem-14878	4	27	preparatory	preparatory	ADJ
fbem-14878	4	28	stage	stage	NOUN
fbem-14878	4	29	,	,	PUNCT
fbem-14878	4	30	transaction	transaction	NOUN
fbem-14878	4	31	period	period	NOUN
fbem-14878	4	32	in	in	ADP
fbem-14878	4	33	m&a	m&a	PROPN
fbem-14878	4	34	and	and	CCONJ
fbem-14878	4	35	integration	integration	NOUN
fbem-14878	4	36	period	period	NOUN
fbem-14878	4	37	after	after	ADP
fbem-14878	4	38	m&a	m&a	PROPN
fbem-14878	4	39	.	.	PUNCT
fbem-14878	5	1	after	after	ADP
fbem-14878	5	2	further	far	ADV
fbem-14878	5	3	describing	describe	VERB
fbem-14878	5	4	the	the	DET
fbem-14878	5	5	current	current	ADJ
fbem-14878	5	6	situation	situation	NOUN
fbem-14878	5	7	of	of	ADP
fbem-14878	5	8	china	china	PROPN
fbem-14878	5	9	's	's	PART
fbem-14878	5	10	aviation	aviation	NOUN
fbem-14878	5	11	enterprise	enterprise	NOUN
fbem-14878	5	12	mergers	merger	NOUN
fbem-14878	5	13	and	and	CCONJ
fbem-14878	5	14	acquisitions	acquisition	NOUN
fbem-14878	5	15	and	and	CCONJ
fbem-14878	5	16	the	the	DET
fbem-14878	5	17	potential	potential	ADJ
fbem-14878	5	18	risks	risk	NOUN
fbem-14878	5	19	in	in	ADP
fbem-14878	5	20	cross	cross	ADJ
fbem-14878	5	21	-	-	ADJ
fbem-14878	5	22	border	border	ADJ
fbem-14878	5	23	mergers	merger	NOUN
fbem-14878	5	24	and	and	CCONJ
fbem-14878	5	25	acquisitions	acquisition	NOUN
fbem-14878	5	26	,	,	PUNCT
fbem-14878	5	27	this	this	DET
fbem-14878	5	28	paper	paper	NOUN
fbem-14878	5	29	introduces	introduce	VERB
fbem-14878	5	30	hainan	hainan	PROPN
fbem-14878	5	31	airlines	airlines	PROPN
fbem-14878	5	32	group	group	NOUN
fbem-14878	5	33	,	,	PUNCT
fbem-14878	5	34	and	and	CCONJ
fbem-14878	5	35	uses	use	VERB
fbem-14878	5	36	the	the	DET
fbem-14878	5	37	case	case	NOUN
fbem-14878	5	38	of	of	ADP
fbem-14878	5	39	bohai	bohai	NOUN
fbem-14878	5	40	financial	financial	ADJ
fbem-14878	5	41	holding	holding	NOUN
fbem-14878	5	42	,	,	PUNCT
fbem-14878	5	43	a	a	DET
fbem-14878	5	44	subsidiary	subsidiary	NOUN
fbem-14878	5	45	of	of	ADP
fbem-14878	5	46	hainan	hainan	PROPN
fbem-14878	5	47	airlines	airlines	PROPN
fbem-14878	5	48	,	,	PUNCT
fbem-14878	5	49	acquiring	acquire	VERB
fbem-14878	5	50	avolon	avolon	NOUN
fbem-14878	5	51	to	to	PART
fbem-14878	5	52	analyze	analyze	VERB
fbem-14878	5	53	the	the	DET
fbem-14878	5	54	possible	possible	ADJ
fbem-14878	5	55	risk	risk	NOUN
fbem-14878	5	56	factors	factor	NOUN
fbem-14878	5	57	that	that	PRON
fbem-14878	5	58	may	may	AUX
fbem-14878	5	59	arise	arise	VERB
fbem-14878	5	60	during	during	ADP
fbem-14878	5	61	the	the	DET
fbem-14878	5	62	merger	merger	NOUN
fbem-14878	5	63	and	and	CCONJ
fbem-14878	5	64	acquisition	acquisition	NOUN
fbem-14878	5	65	process	process	NOUN
fbem-14878	5	66	,	,	PUNCT
fbem-14878	5	67	propose	propose	VERB
fbem-14878	5	68	risk	risk	NOUN
fbem-14878	5	69	response	response	NOUN
fbem-14878	5	70	measures	measure	NOUN
fbem-14878	5	71	,	,	PUNCT
fbem-14878	5	72	and	and	CCONJ
fbem-14878	5	73	finally	finally	ADV
fbem-14878	5	74	explore	explore	VERB
fbem-14878	5	75	the	the	DET
fbem-14878	5	76	risks	risk	NOUN
fbem-14878	5	77	that	that	PRON
fbem-14878	5	78	hainan	hainan	PROPN
fbem-14878	5	79	airlines	airline	NOUN
fbem-14878	5	80	may	may	AUX
fbem-14878	5	81	face	face	VERB
fbem-14878	5	82	in	in	ADP
fbem-14878	5	83	the	the	DET
fbem-14878	5	84	merger	merger	NOUN
fbem-14878	5	85	and	and	CCONJ
fbem-14878	5	86	acquisition	acquisition	NOUN
fbem-14878	5	87	process	process	NOUN
fbem-14878	5	88	.	.	PUNCT
fbem-14878	6	1	this	this	DET
fbem-14878	6	2	article	article	NOUN
fbem-14878	6	3	summarizes	summarize	VERB
fbem-14878	6	4	the	the	DET
fbem-14878	6	5	risk	risk	NOUN
fbem-14878	6	6	factors	factor	NOUN
fbem-14878	6	7	that	that	PRON
fbem-14878	6	8	may	may	AUX
fbem-14878	6	9	arise	arise	VERB
fbem-14878	6	10	when	when	SCONJ
fbem-14878	6	11	enterprises	enterprise	NOUN
fbem-14878	6	12	engage	engage	VERB
fbem-14878	6	13	in	in	ADP
fbem-14878	6	14	cross	cross	ADJ
fbem-14878	6	15	-	-	ADJ
fbem-14878	6	16	border	border	ADJ
fbem-14878	6	17	mergers	merger	NOUN
fbem-14878	6	18	and	and	CCONJ
fbem-14878	6	19	acquisitions	acquisition	NOUN
fbem-14878	6	20	.	.	PUNCT
fbem-14878	7	1	based	base	VERB
fbem-14878	7	2	on	on	ADP
fbem-14878	7	3	cross	cross	ADJ
fbem-14878	7	4	-	-	ADJ
fbem-14878	7	5	border	border	ADJ
fbem-14878	7	6	merger	merger	NOUN
fbem-14878	7	7	and	and	CCONJ
fbem-14878	7	8	acquisition	acquisition	NOUN
fbem-14878	7	9	cases	case	NOUN
fbem-14878	7	10	of	of	ADP
fbem-14878	7	11	aviation	aviation	NOUN
fbem-14878	7	12	enterprises	enterprise	NOUN
fbem-14878	7	13	,	,	PUNCT
fbem-14878	7	14	it	it	PRON
fbem-14878	7	15	briefly	briefly	ADV
fbem-14878	7	16	describes	describe	VERB
fbem-14878	7	17	their	their	PRON
fbem-14878	7	18	experience	experience	NOUN
fbem-14878	7	19	in	in	ADP
fbem-14878	7	20	handling	handle	VERB
fbem-14878	7	21	merger	merger	NOUN
fbem-14878	7	22	and	and	CCONJ
fbem-14878	7	23	acquisition	acquisition	NOUN
fbem-14878	7	24	risks	risk	NOUN
fbem-14878	7	25	,	,	PUNCT
fbem-14878	7	26	summarizes	summarize	VERB
fbem-14878	7	27	the	the	DET
fbem-14878	7	28	risk	risk	NOUN
fbem-14878	7	29	points	point	VERB
fbem-14878	7	30	that	that	SCONJ
fbem-14878	7	31	chinese	chinese	ADJ
fbem-14878	7	32	enterprises	enterprise	NOUN
fbem-14878	7	33	should	should	AUX
fbem-14878	7	34	pay	pay	VERB
fbem-14878	7	35	attention	attention	NOUN
fbem-14878	7	36	to	to	ADP
fbem-14878	7	37	in	in	ADP
fbem-14878	7	38	cross	cross	ADJ
fbem-14878	7	39	-	-	ADJ
fbem-14878	7	40	border	border	ADJ
fbem-14878	7	41	mergers	merger	NOUN
fbem-14878	7	42	and	and	CCONJ
fbem-14878	7	43	acquisitions	acquisition	NOUN
fbem-14878	7	44	,	,	PUNCT
fbem-14878	7	45	analyzes	analyze	VERB
fbem-14878	7	46	risk	risk	NOUN
fbem-14878	7	47	management	management	NOUN
fbem-14878	7	48	strategies	strategy	NOUN
fbem-14878	7	49	,	,	PUNCT
fbem-14878	7	50	and	and	CCONJ
fbem-14878	7	51	hopes	hope	VERB
fbem-14878	7	52	to	to	PART
fbem-14878	7	53	provide	provide	VERB
fbem-14878	7	54	reference	reference	NOUN
fbem-14878	7	55	significance	significance	NOUN
fbem-14878	7	56	and	and	CCONJ
fbem-14878	7	57	role	role	NOUN
fbem-14878	7	58	for	for	ADP
fbem-14878	7	59	future	future	ADJ
fbem-14878	7	60	cross	cross	ADJ
fbem-14878	7	61	-	-	ADJ
fbem-14878	7	62	border	border	ADJ
fbem-14878	7	63	mergers	merger	NOUN
fbem-14878	7	64	and	and	CCONJ
fbem-14878	7	65	acquisitions	acquisition	NOUN
fbem-14878	7	66	of	of	ADP
fbem-14878	7	67	chinese	chinese	ADJ
fbem-14878	7	68	enterprises	enterprise	NOUN
fbem-14878	7	69	.	.	PUNCT
fbem-14878	8	1	keywords	keyword	NOUN
fbem-14878	8	2	:	:	PUNCT
fbem-14878	8	3	cross	cross	VERB
fbem-14878	8	4	border	border	NOUN
fbem-14878	8	5	mergers	merger	NOUN
fbem-14878	8	6	and	and	CCONJ
fbem-14878	8	7	acquisitions	acquisition	NOUN
fbem-14878	8	8	;	;	PUNCT
fbem-14878	8	9	risk	risk	NOUN
fbem-14878	8	10	;	;	PUNCT
fbem-14878	8	11	risk	risk	NOUN
fbem-14878	8	12	management	management	NOUN
fbem-14878	8	13	.	.	PUNCT
fbem-14878	9	1	1	1	X
fbem-14878	9	2	.	.	X
fbem-14878	9	3	introduction	introduction	NOUN
fbem-14878	9	4	since	since	SCONJ
fbem-14878	9	5	the	the	DET
fbem-14878	9	6	beginning	beginning	NOUN
fbem-14878	9	7	of	of	ADP
fbem-14878	9	8	the	the	DET
fbem-14878	9	9	21st	21st	ADJ
fbem-14878	9	10	century	century	NOUN
fbem-14878	9	11	,	,	PUNCT
fbem-14878	9	12	china	china	PROPN
fbem-14878	9	13	's	's	PART
fbem-14878	9	14	internationalization	internationalization	NOUN
fbem-14878	9	15	level	level	NOUN
fbem-14878	9	16	has	have	AUX
fbem-14878	9	17	been	be	AUX
fbem-14878	9	18	continuously	continuously	ADV
fbem-14878	9	19	improving	improve	VERB
fbem-14878	9	20	,	,	PUNCT
fbem-14878	9	21	and	and	CCONJ
fbem-14878	9	22	its	its	PRON
fbem-14878	9	23	connection	connection	NOUN
fbem-14878	9	24	with	with	ADP
fbem-14878	9	25	the	the	DET
fbem-14878	9	26	international	international	ADJ
fbem-14878	9	27	market	market	NOUN
fbem-14878	9	28	has	have	AUX
fbem-14878	9	29	become	become	VERB
fbem-14878	9	30	increasingly	increasingly	ADV
fbem-14878	9	31	close	close	ADJ
fbem-14878	9	32	.	.	PUNCT
fbem-14878	10	1	with	with	ADP
fbem-14878	10	2	the	the	DET
fbem-14878	10	3	fierce	fierce	ADJ
fbem-14878	10	4	competition	competition	NOUN
fbem-14878	10	5	among	among	ADP
fbem-14878	10	6	domestic	domestic	ADJ
fbem-14878	10	7	enterprises	enterprise	NOUN
fbem-14878	10	8	,	,	PUNCT
fbem-14878	10	9	listed	list	VERB
fbem-14878	10	10	companies	company	NOUN
fbem-14878	10	11	in	in	ADP
fbem-14878	10	12	china	china	PROPN
fbem-14878	10	13	can	can	AUX
fbem-14878	10	14	only	only	ADV
fbem-14878	10	15	stand	stand	VERB
fbem-14878	10	16	invincible	invincible	ADJ
fbem-14878	10	17	by	by	ADP
fbem-14878	10	18	expanding	expand	VERB
fbem-14878	10	19	their	their	PRON
fbem-14878	10	20	own	own	ADJ
fbem-14878	10	21	scale	scale	NOUN
fbem-14878	10	22	and	and	CCONJ
fbem-14878	10	23	optimizing	optimize	VERB
fbem-14878	10	24	their	their	PRON
fbem-14878	10	25	corporate	corporate	ADJ
fbem-14878	10	26	structure	structure	NOUN
fbem-14878	10	27	.	.	PUNCT
fbem-14878	11	1	therefore	therefore	ADV
fbem-14878	11	2	,	,	PUNCT
fbem-14878	11	3	chinese	chinese	ADJ
fbem-14878	11	4	enterprises	enterprise	NOUN
fbem-14878	11	5	have	have	AUX
fbem-14878	11	6	gradually	gradually	ADV
fbem-14878	11	7	shifted	shift	VERB
fbem-14878	11	8	their	their	PRON
fbem-14878	11	9	strategic	strategic	ADJ
fbem-14878	11	10	development	development	NOUN
fbem-14878	11	11	direction	direction	NOUN
fbem-14878	11	12	towards	towards	ADP
fbem-14878	11	13	the	the	DET
fbem-14878	11	14	international	international	ADJ
fbem-14878	11	15	market	market	NOUN
fbem-14878	11	16	.	.	PUNCT
fbem-14878	12	1	compared	compare	VERB
fbem-14878	12	2	to	to	ADP
fbem-14878	12	3	other	other	ADJ
fbem-14878	12	4	investment	investment	NOUN
fbem-14878	12	5	methods	method	NOUN
fbem-14878	12	6	,	,	PUNCT
fbem-14878	12	7	cross	cross	ADJ
fbem-14878	12	8	-	-	ADJ
fbem-14878	12	9	border	border	ADJ
fbem-14878	12	10	mergers	merger	NOUN
fbem-14878	12	11	and	and	CCONJ
fbem-14878	12	12	acquisitions	acquisition	NOUN
fbem-14878	12	13	demonstrate	demonstrate	VERB
fbem-14878	12	14	their	their	PRON
fbem-14878	12	15	absolute	absolute	ADJ
fbem-14878	12	16	advantages	advantage	NOUN
fbem-14878	12	17	.	.	PUNCT
fbem-14878	13	1	through	through	ADP
fbem-14878	13	2	mergers	merger	NOUN
fbem-14878	13	3	and	and	CCONJ
fbem-14878	13	4	acquisitions	acquisition	NOUN
fbem-14878	13	5	,	,	PUNCT
fbem-14878	13	6	companies	company	NOUN
fbem-14878	13	7	can	can	AUX
fbem-14878	13	8	quickly	quickly	ADV
fbem-14878	13	9	open	open	VERB
fbem-14878	13	10	up	up	ADP
fbem-14878	13	11	target	target	NOUN
fbem-14878	13	12	country	country	NOUN
fbem-14878	13	13	markets	market	NOUN
fbem-14878	13	14	,	,	PUNCT
fbem-14878	13	15	increase	increase	VERB
fbem-14878	13	16	market	market	NOUN
fbem-14878	13	17	share	share	NOUN
fbem-14878	13	18	,	,	PUNCT
fbem-14878	13	19	and	and	CCONJ
fbem-14878	13	20	obtain	obtain	VERB
fbem-14878	13	21	more	more	ADV
fbem-14878	13	22	high	high	ADJ
fbem-14878	13	23	-	-	PUNCT
fbem-14878	13	24	quality	quality	NOUN
fbem-14878	13	25	resources	resource	NOUN
fbem-14878	13	26	.	.	PUNCT
fbem-14878	14	1	compared	compare	VERB
fbem-14878	14	2	with	with	ADP
fbem-14878	14	3	greenfield	greenfield	NOUN
fbem-14878	14	4	investment	investment	NOUN
fbem-14878	14	5	,	,	PUNCT
fbem-14878	14	6	the	the	DET
fbem-14878	14	7	cost	cost	NOUN
fbem-14878	14	8	of	of	ADP
fbem-14878	14	9	mergers	merger	NOUN
fbem-14878	14	10	and	and	CCONJ
fbem-14878	14	11	acquisitions	acquisition	NOUN
fbem-14878	14	12	for	for	ADP
fbem-14878	14	13	enterprises	enterprise	NOUN
fbem-14878	14	14	is	be	AUX
fbem-14878	14	15	relatively	relatively	ADV
fbem-14878	14	16	lower	low	ADJ
fbem-14878	14	17	,	,	PUNCT
fbem-14878	14	18	reducing	reduce	VERB
fbem-14878	14	19	their	their	PRON
fbem-14878	14	20	financial	financial	ADJ
fbem-14878	14	21	pressure	pressure	NOUN
fbem-14878	14	22	.	.	PUNCT
fbem-14878	15	1	at	at	ADP
fbem-14878	15	2	the	the	DET
fbem-14878	15	3	same	same	ADJ
fbem-14878	15	4	time	time	NOUN
fbem-14878	15	5	,	,	PUNCT
fbem-14878	15	6	mergers	merger	NOUN
fbem-14878	15	7	and	and	CCONJ
fbem-14878	15	8	acquisitions	acquisition	NOUN
fbem-14878	15	9	can	can	AUX
fbem-14878	15	10	provide	provide	VERB
fbem-14878	15	11	advanced	advanced	ADJ
fbem-14878	15	12	management	management	NOUN
fbem-14878	15	13	experience	experience	NOUN
fbem-14878	15	14	and	and	CCONJ
fbem-14878	15	15	technology	technology	NOUN
fbem-14878	15	16	.	.	PUNCT
fbem-14878	16	1	this	this	DET
fbem-14878	16	2	article	article	NOUN
fbem-14878	16	3	attempts	attempt	VERB
fbem-14878	16	4	to	to	PART
fbem-14878	16	5	identify	identify	VERB
fbem-14878	16	6	the	the	DET
fbem-14878	16	7	main	main	ADJ
fbem-14878	16	8	risks	risk	NOUN
fbem-14878	16	9	that	that	PRON
fbem-14878	16	10	chinese	chinese	ADJ
fbem-14878	16	11	aviation	aviation	NOUN
fbem-14878	16	12	enterprises	enterprise	NOUN
fbem-14878	16	13	face	face	VERB
fbem-14878	16	14	in	in	ADP
fbem-14878	16	15	cross	cross	ADJ
fbem-14878	16	16	-	-	ADJ
fbem-14878	16	17	border	border	ADJ
fbem-14878	16	18	mergers	merger	NOUN
fbem-14878	16	19	and	and	CCONJ
fbem-14878	16	20	acquisitions	acquisition	NOUN
fbem-14878	16	21	through	through	ADP
fbem-14878	16	22	specific	specific	ADJ
fbem-14878	16	23	analysis	analysis	NOUN
fbem-14878	16	24	of	of	ADP
fbem-14878	16	25	cases	case	NOUN
fbem-14878	16	26	,	,	PUNCT
fbem-14878	16	27	and	and	CCONJ
fbem-14878	16	28	proposes	propose	VERB
fbem-14878	16	29	corresponding	correspond	VERB
fbem-14878	16	30	strategies	strategy	NOUN
fbem-14878	16	31	based	base	VERB
fbem-14878	16	32	on	on	ADP
fbem-14878	16	33	these	these	DET
fbem-14878	16	34	risk	risk	NOUN
fbem-14878	16	35	points	point	NOUN
fbem-14878	16	36	,	,	PUNCT
fbem-14878	16	37	providing	provide	VERB
fbem-14878	16	38	a	a	DET
fbem-14878	16	39	certain	certain	ADJ
fbem-14878	16	40	theoretical	theoretical	ADJ
fbem-14878	16	41	basis	basis	NOUN
fbem-14878	16	42	for	for	SCONJ
fbem-14878	16	43	enterprises	enterprise	NOUN
fbem-14878	16	44	to	to	PART
fbem-14878	16	45	cope	cope	VERB
fbem-14878	16	46	with	with	ADP
fbem-14878	16	47	the	the	DET
fbem-14878	16	48	risks	risk	NOUN
fbem-14878	16	49	in	in	ADP
fbem-14878	16	50	cross	cross	ADJ
fbem-14878	16	51	-	-	ADJ
fbem-14878	16	52	border	border	ADJ
fbem-14878	16	53	mergers	merger	NOUN
fbem-14878	16	54	and	and	CCONJ
fbem-14878	16	55	acquisitions	acquisition	NOUN
fbem-14878	16	56	.	.	PUNCT
fbem-14878	17	1	this	this	DET
fbem-14878	17	2	article	article	NOUN
fbem-14878	17	3	analyzes	analyze	VERB
fbem-14878	17	4	the	the	DET
fbem-14878	17	5	motives	motive	NOUN
fbem-14878	17	6	and	and	CCONJ
fbem-14878	17	7	process	process	NOUN
fbem-14878	17	8	of	of	ADP
fbem-14878	17	9	hna	hna	PROPN
fbem-14878	17	10	's	's	PART
fbem-14878	17	11	cross	cross	ADJ
fbem-14878	17	12	-	-	ADJ
fbem-14878	17	13	border	border	ADJ
fbem-14878	17	14	mergers	merger	NOUN
fbem-14878	17	15	and	and	CCONJ
fbem-14878	17	16	acquisitions	acquisition	NOUN
fbem-14878	17	17	through	through	ADP
fbem-14878	17	18	a	a	DET
fbem-14878	17	19	case	case	NOUN
fbem-14878	17	20	study	study	NOUN
fbem-14878	17	21	,	,	PUNCT
fbem-14878	17	22	and	and	CCONJ
fbem-14878	17	23	proposes	propose	VERB
fbem-14878	17	24	management	management	NOUN
fbem-14878	17	25	and	and	CCONJ
fbem-14878	17	26	response	response	NOUN
fbem-14878	17	27	measures	measure	NOUN
fbem-14878	17	28	for	for	ADP
fbem-14878	17	29	the	the	DET
fbem-14878	17	30	risks	risk	NOUN
fbem-14878	17	31	of	of	ADP
fbem-14878	17	32	its	its	PRON
fbem-14878	17	33	crossborder	crossborder	NOUN
fbem-14878	17	34	mergers	merger	NOUN
fbem-14878	17	35	and	and	CCONJ
fbem-14878	17	36	acquisitions	acquisition	NOUN
fbem-14878	17	37	.	.	PUNCT
fbem-14878	18	1	this	this	PRON
fbem-14878	18	2	is	be	AUX
fbem-14878	18	3	conducive	conducive	ADJ
fbem-14878	18	4	to	to	ADP
fbem-14878	18	5	the	the	DET
fbem-14878	18	6	smooth	smooth	ADJ
fbem-14878	18	7	implementation	implementation	NOUN
fbem-14878	18	8	of	of	ADP
fbem-14878	18	9	cross	cross	ADJ
fbem-14878	18	10	-	-	ADJ
fbem-14878	18	11	border	border	ADJ
fbem-14878	18	12	mergers	merger	NOUN
fbem-14878	18	13	and	and	CCONJ
fbem-14878	18	14	acquisitions	acquisition	NOUN
fbem-14878	18	15	by	by	ADP
fbem-14878	18	16	chinese	chinese	ADJ
fbem-14878	18	17	enterprises	enterprise	NOUN
fbem-14878	18	18	,	,	PUNCT
fbem-14878	18	19	as	as	ADV
fbem-14878	18	20	well	well	ADV
fbem-14878	18	21	as	as	ADP
fbem-14878	18	22	to	to	ADP
fbem-14878	18	23	china	china	PROPN
fbem-14878	18	24	's	's	PART
fbem-14878	18	25	"	"	PUNCT
fbem-14878	18	26	going	go	VERB
fbem-14878	18	27	global	global	ADJ
fbem-14878	18	28	"	"	PUNCT
fbem-14878	18	29	strategy	strategy	NOUN
fbem-14878	18	30	,	,	PUNCT
fbem-14878	18	31	providing	provide	VERB
fbem-14878	18	32	suggestions	suggestion	NOUN
fbem-14878	18	33	and	and	CCONJ
fbem-14878	18	34	directions	direction	NOUN
fbem-14878	18	35	for	for	ADP
fbem-14878	18	36	chinese	chinese	ADJ
fbem-14878	18	37	enterprises	enterprise	NOUN
fbem-14878	18	38	to	to	PART
fbem-14878	18	39	reduce	reduce	VERB
fbem-14878	18	40	risks	risk	NOUN
fbem-14878	18	41	in	in	ADP
fbem-14878	18	42	cross	cross	ADJ
fbem-14878	18	43	-	-	ADJ
fbem-14878	18	44	border	border	ADJ
fbem-14878	18	45	mergers	merger	NOUN
fbem-14878	18	46	and	and	CCONJ
fbem-14878	18	47	acquisitions	acquisition	NOUN
fbem-14878	18	48	.	.	PUNCT
fbem-14878	19	1	2	2	X
fbem-14878	19	2	.	.	X
fbem-14878	19	3	analysis	analysis	NOUN
fbem-14878	19	4	of	of	ADP
fbem-14878	19	5	cross	cross	ADJ
fbem-14878	19	6	border	border	NOUN
fbem-14878	19	7	mergers	merger	NOUN
fbem-14878	19	8	and	and	CCONJ
fbem-14878	19	9	acquisitions	acquisition	NOUN
fbem-14878	19	10	of	of	ADP
fbem-14878	19	11	chinese	chinese	ADJ
fbem-14878	19	12	aviation	aviation	NOUN
fbem-14878	19	13	enterprises	enterprise	NOUN
fbem-14878	19	14	2.1	2.1	NUM
fbem-14878	19	15	.	.	PUNCT
fbem-14878	20	1	characteristics	characteristic	NOUN
fbem-14878	20	2	of	of	ADP
fbem-14878	20	3	cross	cross	ADJ
fbem-14878	20	4	border	border	NOUN
fbem-14878	20	5	mergers	merger	NOUN
fbem-14878	20	6	and	and	CCONJ
fbem-14878	20	7	acquisitions	acquisition	NOUN
fbem-14878	20	8	of	of	ADP
fbem-14878	20	9	chinese	chinese	ADJ
fbem-14878	20	10	aviation	aviation	NOUN
fbem-14878	20	11	enterprises	enterprise	NOUN
fbem-14878	20	12	(	(	PUNCT
fbem-14878	20	13	1	1	X
fbem-14878	20	14	)	)	PUNCT
fbem-14878	20	15	high	high	ADJ
fbem-14878	20	16	flexibility	flexibility	NOUN
fbem-14878	20	17	.	.	PUNCT
fbem-14878	21	1	most	most	ADJ
fbem-14878	21	2	of	of	ADP
fbem-14878	21	3	china	china	PROPN
fbem-14878	21	4	's	's	PART
fbem-14878	21	5	aviation	aviation	NOUN
fbem-14878	21	6	enterprises	enterprise	NOUN
fbem-14878	21	7	are	be	AUX
fbem-14878	21	8	state	state	NOUN
fbem-14878	21	9	-	-	PUNCT
fbem-14878	21	10	owned	own	VERB
fbem-14878	21	11	and	and	CCONJ
fbem-14878	21	12	receive	receive	VERB
fbem-14878	21	13	financial	financial	ADJ
fbem-14878	21	14	support	support	NOUN
fbem-14878	21	15	from	from	ADP
fbem-14878	21	16	the	the	DET
fbem-14878	21	17	state	state	NOUN
fbem-14878	21	18	.	.	PUNCT
fbem-14878	22	1	under	under	ADP
fbem-14878	22	2	these	these	DET
fbem-14878	22	3	conditions	condition	NOUN
fbem-14878	22	4	,	,	PUNCT
fbem-14878	22	5	aviation	aviation	NOUN
fbem-14878	22	6	enterprises	enterprise	NOUN
fbem-14878	22	7	have	have	VERB
fbem-14878	22	8	more	more	ADJ
fbem-14878	22	9	freedom	freedom	NOUN
fbem-14878	22	10	of	of	ADP
fbem-14878	22	11	choice	choice	NOUN
fbem-14878	22	12	when	when	SCONJ
fbem-14878	22	13	conducting	conduct	VERB
fbem-14878	22	14	cross	cross	ADJ
fbem-14878	22	15	-	-	ADJ
fbem-14878	22	16	border	border	ADJ
fbem-14878	22	17	mergers	merger	NOUN
fbem-14878	22	18	and	and	CCONJ
fbem-14878	22	19	acquisitions	acquisition	NOUN
fbem-14878	22	20	.	.	PUNCT
fbem-14878	23	1	chinese	chinese	ADJ
fbem-14878	23	2	aviation	aviation	NOUN
fbem-14878	23	3	companies	company	NOUN
fbem-14878	23	4	will	will	AUX
fbem-14878	23	5	choose	choose	VERB
fbem-14878	23	6	their	their	PRON
fbem-14878	23	7	merger	merger	NOUN
fbem-14878	23	8	and	and	CCONJ
fbem-14878	23	9	acquisition	acquisition	NOUN
fbem-14878	23	10	targets	target	NOUN
fbem-14878	23	11	based	base	VERB
fbem-14878	23	12	on	on	ADP
fbem-14878	23	13	their	their	PRON
fbem-14878	23	14	own	own	ADJ
fbem-14878	23	15	development	development	NOUN
fbem-14878	23	16	needs	need	NOUN
fbem-14878	23	17	,	,	PUNCT
fbem-14878	23	18	while	while	SCONJ
fbem-14878	23	19	also	also	ADV
fbem-14878	23	20	paying	pay	VERB
fbem-14878	23	21	attention	attention	NOUN
fbem-14878	23	22	to	to	ADP
fbem-14878	23	23	the	the	DET
fbem-14878	23	24	technological	technological	ADJ
fbem-14878	23	25	and	and	CCONJ
fbem-14878	23	26	market	market	NOUN
fbem-14878	23	27	advantages	advantage	NOUN
fbem-14878	23	28	of	of	ADP
fbem-14878	23	29	the	the	DET
fbem-14878	23	30	acquired	acquire	VERB
fbem-14878	23	31	companies	company	NOUN
fbem-14878	23	32	,	,	PUNCT
fbem-14878	23	33	and	and	CCONJ
fbem-14878	23	34	selecting	select	VERB
fbem-14878	23	35	the	the	DET
fbem-14878	23	36	best	well	ADV
fbem-14878	23	37	based	base	VERB
fbem-14878	23	38	on	on	ADP
fbem-14878	23	39	the	the	DET
fbem-14878	23	40	comprehensive	comprehensive	ADJ
fbem-14878	23	41	political	political	ADJ
fbem-14878	23	42	and	and	CCONJ
fbem-14878	23	43	economic	economic	ADJ
fbem-14878	23	44	environment	environment	NOUN
fbem-14878	23	45	.	.	PUNCT
fbem-14878	24	1	after	after	ADP
fbem-14878	24	2	the	the	DET
fbem-14878	24	3	completion	completion	NOUN
fbem-14878	24	4	of	of	ADP
fbem-14878	24	5	the	the	DET
fbem-14878	24	6	merger	merger	NOUN
fbem-14878	24	7	and	and	CCONJ
fbem-14878	24	8	acquisition	acquisition	NOUN
fbem-14878	24	9	,	,	PUNCT
fbem-14878	24	10	the	the	DET
fbem-14878	24	11	goal	goal	NOUN
fbem-14878	24	12	of	of	ADP
fbem-14878	24	13	expanding	expand	VERB
fbem-14878	24	14	new	new	ADJ
fbem-14878	24	15	markets	market	NOUN
fbem-14878	24	16	can	can	AUX
fbem-14878	24	17	be	be	AUX
fbem-14878	24	18	achieved	achieve	VERB
fbem-14878	24	19	through	through	ADP
fbem-14878	24	20	diversified	diversified	ADJ
fbem-14878	24	21	operations	operation	NOUN
fbem-14878	24	22	and	and	CCONJ
fbem-14878	24	23	resource	resource	NOUN
fbem-14878	24	24	integration	integration	NOUN
fbem-14878	24	25	and	and	CCONJ
fbem-14878	24	26	redistribution	redistribution	NOUN
fbem-14878	24	27	based	base	VERB
fbem-14878	24	28	on	on	ADP
fbem-14878	24	29	the	the	DET
fbem-14878	24	30	advantages	advantage	NOUN
fbem-14878	24	31	of	of	ADP
fbem-14878	24	32	the	the	DET
fbem-14878	24	33	acquired	acquire	VERB
fbem-14878	24	34	enterprise	enterprise	NOUN
fbem-14878	24	35	.	.	PUNCT
fbem-14878	25	1	the	the	DET
fbem-14878	25	2	flexibility	flexibility	NOUN
fbem-14878	25	3	of	of	ADP
fbem-14878	25	4	crossborder	crossborder	NOUN
fbem-14878	25	5	mergers	merger	NOUN
fbem-14878	25	6	and	and	CCONJ
fbem-14878	25	7	acquisitions	acquisition	NOUN
fbem-14878	25	8	of	of	ADP
fbem-14878	25	9	chinese	chinese	ADJ
fbem-14878	25	10	aviation	aviation	NOUN
fbem-14878	25	11	enterprises	enterprise	NOUN
fbem-14878	25	12	has	have	VERB
fbem-14878	25	13	to	to	ADP
fbem-14878	25	14	some	some	DET
fbem-14878	25	15	extent	extent	NOUN
fbem-14878	25	16	reduced	reduce	VERB
fbem-14878	25	17	the	the	DET
fbem-14878	25	18	risks	risk	NOUN
fbem-14878	25	19	of	of	ADP
fbem-14878	25	20	crossborder	crossborder	NOUN
fbem-14878	25	21	mergers	merger	NOUN
fbem-14878	25	22	and	and	CCONJ
fbem-14878	25	23	acquisitions	acquisition	NOUN
fbem-14878	25	24	.	.	PUNCT
fbem-14878	26	1	(	(	PUNCT
fbem-14878	26	2	2	2	X
fbem-14878	26	3	)	)	PUNCT
fbem-14878	26	4	there	there	PRON
fbem-14878	26	5	are	be	VERB
fbem-14878	26	6	many	many	ADJ
fbem-14878	26	7	interests	interest	NOUN
fbem-14878	26	8	involved	involve	VERB
fbem-14878	26	9	.	.	PUNCT
fbem-14878	27	1	as	as	ADP
fbem-14878	27	2	a	a	DET
fbem-14878	27	3	transportation	transportation	NOUN
fbem-14878	27	4	industry	industry	NOUN
fbem-14878	27	5	,	,	PUNCT
fbem-14878	27	6	aviation	aviation	NOUN
fbem-14878	27	7	enterprises	enterprise	NOUN
fbem-14878	27	8	occupy	occupy	VERB
fbem-14878	27	9	a	a	DET
fbem-14878	27	10	very	very	ADV
fbem-14878	27	11	important	important	ADJ
fbem-14878	27	12	position	position	NOUN
fbem-14878	27	13	in	in	ADP
fbem-14878	27	14	the	the	DET
fbem-14878	27	15	economic	economic	ADJ
fbem-14878	27	16	and	and	CCONJ
fbem-14878	27	17	political	political	ADJ
fbem-14878	27	18	development	development	NOUN
fbem-14878	27	19	of	of	ADP
fbem-14878	27	20	countries	country	NOUN
fbem-14878	27	21	,	,	PUNCT
fbem-14878	27	22	and	and	CCONJ
fbem-14878	27	23	are	be	AUX
fbem-14878	27	24	also	also	ADV
fbem-14878	27	25	sensitive	sensitive	ADJ
fbem-14878	27	26	industries	industry	NOUN
fbem-14878	27	27	for	for	ADP
fbem-14878	27	28	various	various	ADJ
fbem-14878	27	29	countries	country	NOUN
fbem-14878	27	30	in	in	ADP
fbem-14878	27	31	reviewing	review	VERB
fbem-14878	27	32	cross	cross	ADJ
fbem-14878	27	33	-	-	ADJ
fbem-14878	27	34	border	border	ADJ
fbem-14878	27	35	mergers	merger	NOUN
fbem-14878	27	36	and	and	CCONJ
fbem-14878	27	37	acquisitions	acquisition	NOUN
fbem-14878	27	38	.	.	PUNCT
fbem-14878	28	1	most	most	ADJ
fbem-14878	28	2	of	of	ADP
fbem-14878	28	3	china	china	PROPN
fbem-14878	28	4	's	's	PART
fbem-14878	28	5	aviation	aviation	NOUN
fbem-14878	28	6	enterprises	enterprise	NOUN
fbem-14878	28	7	are	be	AUX
fbem-14878	28	8	state	state	NOUN
fbem-14878	28	9	controlled	control	VERB
fbem-14878	28	10	and	and	CCONJ
fbem-14878	28	11	188	188	NUM
fbem-14878	28	12	have	have	VERB
fbem-14878	28	13	strong	strong	ADJ
fbem-14878	28	14	political	political	ADJ
fbem-14878	28	15	connotations	connotation	NOUN
fbem-14878	28	16	,	,	PUNCT
fbem-14878	28	17	making	make	VERB
fbem-14878	28	18	political	political	ADJ
fbem-14878	28	19	risks	risk	NOUN
fbem-14878	28	20	more	more	ADV
fbem-14878	28	21	apparent	apparent	ADJ
fbem-14878	28	22	in	in	ADP
fbem-14878	28	23	cross	cross	ADJ
fbem-14878	28	24	-	-	ADJ
fbem-14878	28	25	border	border	ADJ
fbem-14878	28	26	mergers	merger	NOUN
fbem-14878	28	27	and	and	CCONJ
fbem-14878	28	28	acquisitions	acquisition	NOUN
fbem-14878	28	29	.	.	PUNCT
fbem-14878	29	1	therefore	therefore	ADV
fbem-14878	29	2	,	,	PUNCT
fbem-14878	29	3	in	in	ADP
fbem-14878	29	4	the	the	DET
fbem-14878	29	5	process	process	NOUN
fbem-14878	29	6	of	of	ADP
fbem-14878	29	7	cross	cross	ADJ
fbem-14878	29	8	-	-	ADJ
fbem-14878	29	9	border	border	ADJ
fbem-14878	29	10	mergers	merger	NOUN
fbem-14878	29	11	and	and	CCONJ
fbem-14878	29	12	acquisitions	acquisition	NOUN
fbem-14878	29	13	of	of	ADP
fbem-14878	29	14	aviation	aviation	NOUN
fbem-14878	29	15	enterprises	enterprise	NOUN
fbem-14878	29	16	in	in	ADP
fbem-14878	29	17	china	china	PROPN
fbem-14878	29	18	,	,	PUNCT
fbem-14878	29	19	there	there	PRON
fbem-14878	29	20	are	be	VERB
fbem-14878	29	21	many	many	ADJ
fbem-14878	29	22	benefits	benefit	NOUN
fbem-14878	29	23	involved	involve	VERB
fbem-14878	29	24	,	,	PUNCT
fbem-14878	29	25	in	in	ADP
fbem-14878	29	26	addition	addition	NOUN
fbem-14878	29	27	to	to	ADP
fbem-14878	29	28	pressure	pressure	NOUN
fbem-14878	29	29	from	from	ADP
fbem-14878	29	30	the	the	DET
fbem-14878	29	31	government	government	NOUN
fbem-14878	29	32	and	and	CCONJ
fbem-14878	29	33	peers	peer	NOUN
fbem-14878	29	34	,	,	PUNCT
fbem-14878	29	35	as	as	ADV
fbem-14878	29	36	well	well	ADV
fbem-14878	29	37	as	as	ADP
fbem-14878	29	38	pressure	pressure	NOUN
fbem-14878	29	39	from	from	ADP
fbem-14878	29	40	some	some	DET
fbem-14878	29	41	social	social	ADJ
fbem-14878	29	42	groups	group	NOUN
fbem-14878	29	43	and	and	CCONJ
fbem-14878	29	44	enterprise	enterprise	NOUN
fbem-14878	29	45	trade	trade	NOUN
fbem-14878	29	46	union	union	NOUN
fbem-14878	29	47	organizations	organization	NOUN
fbem-14878	29	48	.	.	PUNCT
fbem-14878	30	1	in	in	ADP
fbem-14878	30	2	the	the	DET
fbem-14878	30	3	process	process	NOUN
fbem-14878	30	4	of	of	ADP
fbem-14878	30	5	cross	cross	ADJ
fbem-14878	30	6	-	-	ADJ
fbem-14878	30	7	border	border	ADJ
fbem-14878	30	8	mergers	merger	NOUN
fbem-14878	30	9	and	and	CCONJ
fbem-14878	30	10	acquisitions	acquisition	NOUN
fbem-14878	30	11	,	,	PUNCT
fbem-14878	30	12	it	it	PRON
fbem-14878	30	13	is	be	AUX
fbem-14878	30	14	necessary	necessary	ADJ
fbem-14878	30	15	to	to	PART
fbem-14878	30	16	balance	balance	VERB
fbem-14878	30	17	the	the	DET
fbem-14878	30	18	interests	interest	NOUN
fbem-14878	30	19	of	of	ADP
fbem-14878	30	20	all	all	DET
fbem-14878	30	21	parties	party	NOUN
fbem-14878	30	22	in	in	ADP
fbem-14878	30	23	order	order	NOUN
fbem-14878	30	24	to	to	PART
fbem-14878	30	25	facilitate	facilitate	VERB
fbem-14878	30	26	smooth	smooth	ADJ
fbem-14878	30	27	cross	cross	ADJ
fbem-14878	30	28	-	-	ADJ
fbem-14878	30	29	border	border	ADJ
fbem-14878	30	30	m&a	m&a	PROPN
fbem-14878	30	31	transactions	transaction	NOUN
fbem-14878	30	32	.	.	PUNCT
fbem-14878	31	1	(	(	PUNCT
fbem-14878	31	2	3	3	X
fbem-14878	31	3	)	)	PUNCT
fbem-14878	31	4	long	long	ADJ
fbem-14878	31	5	transaction	transaction	NOUN
fbem-14878	31	6	time	time	NOUN
fbem-14878	31	7	.	.	PUNCT
fbem-14878	32	1	aviation	aviation	NOUN
fbem-14878	32	2	companies	company	NOUN
fbem-14878	32	3	hold	hold	VERB
fbem-14878	32	4	a	a	DET
fbem-14878	32	5	very	very	ADV
fbem-14878	32	6	high	high	ADJ
fbem-14878	32	7	position	position	NOUN
fbem-14878	32	8	in	in	ADP
fbem-14878	32	9	any	any	DET
fbem-14878	32	10	country	country	NOUN
fbem-14878	32	11	.	.	PUNCT
fbem-14878	33	1	because	because	SCONJ
fbem-14878	33	2	it	it	PRON
fbem-14878	33	3	not	not	PART
fbem-14878	33	4	only	only	ADV
fbem-14878	33	5	involves	involve	VERB
fbem-14878	33	6	economic	economic	ADJ
fbem-14878	33	7	issues	issue	NOUN
fbem-14878	33	8	,	,	PUNCT
fbem-14878	33	9	but	but	CCONJ
fbem-14878	33	10	also	also	ADV
fbem-14878	33	11	involves	involve	VERB
fbem-14878	33	12	national	national	ADJ
fbem-14878	33	13	political	political	ADJ
fbem-14878	33	14	and	and	CCONJ
fbem-14878	33	15	social	social	ADJ
fbem-14878	33	16	issues	issue	NOUN
fbem-14878	33	17	.	.	PUNCT
fbem-14878	34	1	therefore	therefore	ADV
fbem-14878	34	2	,	,	PUNCT
fbem-14878	34	3	aviation	aviation	NOUN
fbem-14878	34	4	companies	company	NOUN
fbem-14878	34	5	will	will	AUX
fbem-14878	34	6	face	face	VERB
fbem-14878	34	7	more	more	ADJ
fbem-14878	34	8	challenges	challenge	NOUN
fbem-14878	34	9	when	when	SCONJ
fbem-14878	34	10	conducting	conduct	VERB
fbem-14878	34	11	cross	cross	ADJ
fbem-14878	34	12	-	-	ADJ
fbem-14878	34	13	border	border	ADJ
fbem-14878	34	14	mergers	merger	NOUN
fbem-14878	34	15	and	and	CCONJ
fbem-14878	34	16	acquisitions	acquisition	NOUN
fbem-14878	34	17	,	,	PUNCT
fbem-14878	34	18	requiring	require	VERB
fbem-14878	34	19	a	a	DET
fbem-14878	34	20	lot	lot	NOUN
fbem-14878	34	21	of	of	ADP
fbem-14878	34	22	time	time	NOUN
fbem-14878	34	23	in	in	ADP
fbem-14878	34	24	various	various	ADJ
fbem-14878	34	25	stages	stage	NOUN
fbem-14878	34	26	of	of	ADP
fbem-14878	34	27	preparation	preparation	NOUN
fbem-14878	34	28	,	,	PUNCT
fbem-14878	34	29	transaction	transaction	NOUN
fbem-14878	34	30	process	process	NOUN
fbem-14878	34	31	,	,	PUNCT
fbem-14878	34	32	and	and	CCONJ
fbem-14878	34	33	subsequent	subsequent	ADJ
fbem-14878	34	34	integration	integration	NOUN
fbem-14878	34	35	.	.	PUNCT
fbem-14878	35	1	this	this	PRON
fbem-14878	35	2	is	be	AUX
fbem-14878	35	3	also	also	ADV
fbem-14878	35	4	the	the	DET
fbem-14878	35	5	reason	reason	NOUN
fbem-14878	35	6	why	why	SCONJ
fbem-14878	35	7	cross	cross	ADJ
fbem-14878	35	8	-	-	ADJ
fbem-14878	35	9	border	border	ADJ
fbem-14878	35	10	mergers	merger	NOUN
fbem-14878	35	11	and	and	CCONJ
fbem-14878	35	12	acquisitions	acquisition	NOUN
fbem-14878	35	13	by	by	ADP
fbem-14878	35	14	aviation	aviation	NOUN
fbem-14878	35	15	companies	company	NOUN
fbem-14878	35	16	last	last	ADJ
fbem-14878	35	17	for	for	ADP
fbem-14878	35	18	a	a	DET
fbem-14878	35	19	long	long	ADJ
fbem-14878	35	20	time	time	NOUN
fbem-14878	35	21	.	.	PUNCT
fbem-14878	36	1	in	in	ADP
fbem-14878	36	2	addition	addition	NOUN
fbem-14878	36	3	,	,	PUNCT
fbem-14878	36	4	the	the	DET
fbem-14878	36	5	operational	operational	ADJ
fbem-14878	36	6	status	status	NOUN
fbem-14878	36	7	of	of	ADP
fbem-14878	36	8	airlines	airline	NOUN
fbem-14878	36	9	depends	depend	VERB
fbem-14878	36	10	on	on	ADP
fbem-14878	36	11	the	the	DET
fbem-14878	36	12	development	development	NOUN
fbem-14878	36	13	of	of	ADP
fbem-14878	36	14	a	a	DET
fbem-14878	36	15	country	country	NOUN
fbem-14878	36	16	's	's	PART
fbem-14878	36	17	economy	economy	NOUN
fbem-14878	36	18	and	and	CCONJ
fbem-14878	36	19	the	the	DET
fbem-14878	36	20	purchasing	purchase	VERB
fbem-14878	36	21	power	power	NOUN
fbem-14878	36	22	of	of	ADP
fbem-14878	36	23	its	its	PRON
fbem-14878	36	24	customers	customer	NOUN
fbem-14878	36	25	.	.	PUNCT
fbem-14878	37	1	during	during	ADP
fbem-14878	37	2	periods	period	NOUN
fbem-14878	37	3	of	of	ADP
fbem-14878	37	4	economic	economic	ADJ
fbem-14878	37	5	recession	recession	NOUN
fbem-14878	37	6	or	or	CCONJ
fbem-14878	37	7	infectious	infectious	ADJ
fbem-14878	37	8	diseases	disease	NOUN
fbem-14878	37	9	,	,	PUNCT
fbem-14878	37	10	airline	airline	NOUN
fbem-14878	37	11	orders	order	NOUN
fbem-14878	37	12	decrease	decrease	VERB
fbem-14878	37	13	and	and	CCONJ
fbem-14878	37	14	operating	operating	NOUN
fbem-14878	37	15	profits	profit	NOUN
fbem-14878	37	16	decline	decline	VERB
fbem-14878	37	17	significantly	significantly	ADV
fbem-14878	37	18	.	.	PUNCT
fbem-14878	38	1	the	the	DET
fbem-14878	38	2	range	range	NOUN
fbem-14878	38	3	of	of	ADP
fbem-14878	38	4	changes	change	NOUN
fbem-14878	38	5	in	in	ADP
fbem-14878	38	6	the	the	DET
fbem-14878	38	7	enterprise	enterprise	NOUN
fbem-14878	38	8	value	value	NOUN
fbem-14878	38	9	of	of	ADP
fbem-14878	38	10	aviation	aviation	NOUN
fbem-14878	38	11	enterprises	enterprise	NOUN
fbem-14878	38	12	is	be	AUX
fbem-14878	38	13	large	large	ADJ
fbem-14878	38	14	,	,	PUNCT
fbem-14878	38	15	and	and	CCONJ
fbem-14878	38	16	during	during	ADP
fbem-14878	38	17	the	the	DET
fbem-14878	38	18	period	period	NOUN
fbem-14878	38	19	of	of	ADP
fbem-14878	38	20	cross	cross	ADJ
fbem-14878	38	21	-	-	ADJ
fbem-14878	38	22	border	border	ADJ
fbem-14878	38	23	m&a	m&a	PROPN
fbem-14878	38	24	transactions	transaction	NOUN
fbem-14878	38	25	,	,	PUNCT
fbem-14878	38	26	unstable	unstable	ADJ
fbem-14878	38	27	enterprise	enterprise	NOUN
fbem-14878	38	28	value	value	NOUN
fbem-14878	38	29	can	can	AUX
fbem-14878	38	30	easily	easily	ADV
fbem-14878	38	31	increase	increase	VERB
fbem-14878	38	32	the	the	DET
fbem-14878	38	33	cost	cost	NOUN
fbem-14878	38	34	of	of	ADP
fbem-14878	38	35	m&a	m&a	PROPN
fbem-14878	38	36	.	.	PUNCT
fbem-14878	39	1	(	(	PUNCT
fbem-14878	39	2	4	4	X
fbem-14878	39	3	)	)	PUNCT
fbem-14878	39	4	high	high	ADJ
fbem-14878	39	5	transaction	transaction	NOUN
fbem-14878	39	6	failure	failure	NOUN
fbem-14878	39	7	rate	rate	NOUN
fbem-14878	39	8	.	.	PUNCT
fbem-14878	40	1	as	as	ADP
fbem-14878	40	2	a	a	DET
fbem-14878	40	3	transportation	transportation	NOUN
fbem-14878	40	4	industry	industry	NOUN
fbem-14878	40	5	,	,	PUNCT
fbem-14878	40	6	aviation	aviation	NOUN
fbem-14878	40	7	enterprises	enterprise	NOUN
fbem-14878	40	8	are	be	AUX
fbem-14878	40	9	protected	protect	VERB
fbem-14878	40	10	and	and	CCONJ
fbem-14878	40	11	supported	support	VERB
fbem-14878	40	12	by	by	ADP
fbem-14878	40	13	every	every	DET
fbem-14878	40	14	country	country	NOUN
fbem-14878	40	15	.	.	PUNCT
fbem-14878	41	1	they	they	PRON
fbem-14878	41	2	not	not	PART
fbem-14878	41	3	only	only	ADV
fbem-14878	41	4	face	face	VERB
fbem-14878	41	5	economic	economic	ADJ
fbem-14878	41	6	barriers	barrier	NOUN
fbem-14878	41	7	,	,	PUNCT
fbem-14878	41	8	but	but	CCONJ
fbem-14878	41	9	also	also	ADV
fbem-14878	41	10	political	political	ADJ
fbem-14878	41	11	and	and	CCONJ
fbem-14878	41	12	technological	technological	ADJ
fbem-14878	41	13	barriers	barrier	NOUN
fbem-14878	41	14	,	,	PUNCT
fbem-14878	41	15	making	make	VERB
fbem-14878	41	16	mergers	merger	NOUN
fbem-14878	41	17	and	and	CCONJ
fbem-14878	41	18	acquisitions	acquisition	NOUN
fbem-14878	41	19	difficult	difficult	ADJ
fbem-14878	41	20	.	.	PUNCT
fbem-14878	42	1	the	the	DET
fbem-14878	42	2	success	success	NOUN
fbem-14878	42	3	rate	rate	NOUN
fbem-14878	42	4	of	of	ADP
fbem-14878	42	5	its	its	PRON
fbem-14878	42	6	mergers	merger	NOUN
fbem-14878	42	7	and	and	CCONJ
fbem-14878	42	8	acquisitions	acquisition	NOUN
fbem-14878	42	9	is	be	AUX
fbem-14878	42	10	influenced	influence	VERB
fbem-14878	42	11	by	by	ADP
fbem-14878	42	12	many	many	ADJ
fbem-14878	42	13	factors	factor	NOUN
fbem-14878	42	14	,	,	PUNCT
fbem-14878	42	15	and	and	CCONJ
fbem-14878	42	16	the	the	DET
fbem-14878	42	17	occurrence	occurrence	NOUN
fbem-14878	42	18	of	of	ADP
fbem-14878	42	19	any	any	DET
fbem-14878	42	20	risk	risk	NOUN
fbem-14878	42	21	can	can	AUX
fbem-14878	42	22	lead	lead	VERB
fbem-14878	42	23	to	to	ADP
fbem-14878	42	24	the	the	DET
fbem-14878	42	25	failure	failure	NOUN
fbem-14878	42	26	of	of	ADP
fbem-14878	42	27	the	the	DET
fbem-14878	42	28	merger	merger	NOUN
fbem-14878	42	29	and	and	CCONJ
fbem-14878	42	30	acquisition	acquisition	NOUN
fbem-14878	42	31	.	.	PUNCT
fbem-14878	43	1	for	for	ADP
fbem-14878	43	2	example	example	NOUN
fbem-14878	43	3	,	,	PUNCT
fbem-14878	43	4	government	government	NOUN
fbem-14878	43	5	intervention	intervention	NOUN
fbem-14878	43	6	can	can	AUX
fbem-14878	43	7	easily	easily	ADV
fbem-14878	43	8	lead	lead	VERB
fbem-14878	43	9	to	to	ADP
fbem-14878	43	10	the	the	DET
fbem-14878	43	11	failure	failure	NOUN
fbem-14878	43	12	of	of	ADP
fbem-14878	43	13	cross	cross	ADJ
fbem-14878	43	14	-	-	ADJ
fbem-14878	43	15	border	border	ADJ
fbem-14878	43	16	mergers	merger	NOUN
fbem-14878	43	17	and	and	CCONJ
fbem-14878	43	18	acquisitions	acquisition	NOUN
fbem-14878	43	19	by	by	ADP
fbem-14878	43	20	airlines	airline	NOUN
fbem-14878	43	21	if	if	SCONJ
fbem-14878	43	22	the	the	DET
fbem-14878	43	23	government	government	NOUN
fbem-14878	43	24	interferes	interfere	VERB
fbem-14878	43	25	with	with	ADP
fbem-14878	43	26	them	they	PRON
fbem-14878	43	27	on	on	ADP
fbem-14878	43	28	the	the	DET
fbem-14878	43	29	grounds	ground	NOUN
fbem-14878	43	30	of	of	ADP
fbem-14878	43	31	national	national	ADJ
fbem-14878	43	32	security	security	NOUN
fbem-14878	43	33	.	.	PUNCT
fbem-14878	44	1	due	due	ADP
fbem-14878	44	2	to	to	ADP
fbem-14878	44	3	the	the	DET
fbem-14878	44	4	many	many	ADJ
fbem-14878	44	5	risks	risk	NOUN
fbem-14878	44	6	involved	involve	VERB
fbem-14878	44	7	in	in	ADP
fbem-14878	44	8	crossborder	crossborder	NOUN
fbem-14878	44	9	mergers	merger	NOUN
fbem-14878	44	10	and	and	CCONJ
fbem-14878	44	11	acquisitions	acquisition	NOUN
fbem-14878	44	12	,	,	PUNCT
fbem-14878	44	13	chinese	chinese	ADJ
fbem-14878	44	14	aviation	aviation	NOUN
fbem-14878	44	15	companies	company	NOUN
fbem-14878	44	16	must	must	AUX
fbem-14878	44	17	always	always	ADV
fbem-14878	44	18	pay	pay	VERB
fbem-14878	44	19	attention	attention	NOUN
fbem-14878	44	20	to	to	ADP
fbem-14878	44	21	risk	risk	NOUN
fbem-14878	44	22	points	point	NOUN
fbem-14878	44	23	and	and	CCONJ
fbem-14878	44	24	adjust	adjust	VERB
fbem-14878	44	25	their	their	PRON
fbem-14878	44	26	crossborder	crossborder	NOUN
fbem-14878	44	27	merger	merger	NOUN
fbem-14878	44	28	and	and	CCONJ
fbem-14878	44	29	acquisition	acquisition	NOUN
fbem-14878	44	30	plans	plan	NOUN
fbem-14878	44	31	according	accord	VERB
fbem-14878	44	32	to	to	ADP
fbem-14878	44	33	actual	actual	ADJ
fbem-14878	44	34	situations	situation	NOUN
fbem-14878	44	35	to	to	PART
fbem-14878	44	36	cope	cope	VERB
fbem-14878	44	37	with	with	ADP
fbem-14878	44	38	risks	risk	NOUN
fbem-14878	44	39	.	.	PUNCT
fbem-14878	45	1	2.2	2.2	NUM
fbem-14878	45	2	.	.	PUNCT
fbem-14878	45	3	motivation	motivation	NOUN
fbem-14878	45	4	for	for	ADP
fbem-14878	45	5	cross	cross	NOUN
fbem-14878	45	6	border	border	NOUN
fbem-14878	45	7	mergers	merger	NOUN
fbem-14878	45	8	and	and	CCONJ
fbem-14878	45	9	acquisitions	acquisition	NOUN
fbem-14878	45	10	of	of	ADP
fbem-14878	45	11	chinese	chinese	ADJ
fbem-14878	45	12	aviation	aviation	NOUN
fbem-14878	45	13	enterprises	enterprise	NOUN
fbem-14878	45	14	(	(	PUNCT
fbem-14878	45	15	1	1	X
fbem-14878	45	16	)	)	PUNCT
fbem-14878	45	17	government	government	NOUN
fbem-14878	45	18	policy	policy	NOUN
fbem-14878	45	19	incentives	incentive	NOUN
fbem-14878	45	20	.	.	PUNCT
fbem-14878	46	1	the	the	DET
fbem-14878	46	2	business	business	NOUN
fbem-14878	46	3	scope	scope	NOUN
fbem-14878	46	4	of	of	ADP
fbem-14878	46	5	aviation	aviation	NOUN
fbem-14878	46	6	enterprises	enterprise	NOUN
fbem-14878	46	7	is	be	AUX
fbem-14878	46	8	broad	broad	ADJ
fbem-14878	46	9	,	,	PUNCT
fbem-14878	46	10	including	include	VERB
fbem-14878	46	11	not	not	PART
fbem-14878	46	12	only	only	ADV
fbem-14878	46	13	the	the	DET
fbem-14878	46	14	transportation	transportation	NOUN
fbem-14878	46	15	and	and	CCONJ
fbem-14878	46	16	service	service	NOUN
fbem-14878	46	17	industries	industry	NOUN
fbem-14878	46	18	but	but	CCONJ
fbem-14878	46	19	also	also	ADV
fbem-14878	46	20	the	the	DET
fbem-14878	46	21	aircraft	aircraft	NOUN
fbem-14878	46	22	parts	part	NOUN
fbem-14878	46	23	manufacturing	manufacturing	NOUN
fbem-14878	46	24	industry	industry	NOUN
fbem-14878	46	25	.	.	PUNCT
fbem-14878	47	1	this	this	PRON
fbem-14878	47	2	determines	determine	VERB
fbem-14878	47	3	that	that	SCONJ
fbem-14878	47	4	china	china	PROPN
fbem-14878	47	5	's	's	PART
fbem-14878	47	6	aviation	aviation	NOUN
fbem-14878	47	7	enterprises	enterprise	NOUN
fbem-14878	47	8	have	have	VERB
fbem-14878	47	9	characteristics	characteristic	NOUN
fbem-14878	47	10	such	such	ADJ
fbem-14878	47	11	as	as	ADP
fbem-14878	47	12	long	long	ADJ
fbem-14878	47	13	industrial	industrial	ADJ
fbem-14878	47	14	chains	chain	NOUN
fbem-14878	47	15	and	and	CCONJ
fbem-14878	47	16	obvious	obvious	ADJ
fbem-14878	47	17	spillover	spillover	NOUN
fbem-14878	47	18	effects	effect	NOUN
fbem-14878	47	19	.	.	PUNCT
fbem-14878	48	1	therefore	therefore	ADV
fbem-14878	48	2	,	,	PUNCT
fbem-14878	48	3	in	in	ADP
fbem-14878	48	4	order	order	NOUN
fbem-14878	48	5	to	to	PART
fbem-14878	48	6	maintain	maintain	VERB
fbem-14878	48	7	stable	stable	ADJ
fbem-14878	48	8	economic	economic	ADJ
fbem-14878	48	9	development	development	NOUN
fbem-14878	48	10	in	in	ADP
fbem-14878	48	11	china	china	PROPN
fbem-14878	48	12	and	and	CCONJ
fbem-14878	48	13	enhance	enhance	VERB
fbem-14878	48	14	the	the	DET
fbem-14878	48	15	international	international	ADJ
fbem-14878	48	16	influence	influence	NOUN
fbem-14878	48	17	of	of	ADP
fbem-14878	48	18	chinese	chinese	ADJ
fbem-14878	48	19	enterprises	enterprise	NOUN
fbem-14878	48	20	,	,	PUNCT
fbem-14878	48	21	the	the	DET
fbem-14878	48	22	comprehensive	comprehensive	ADJ
fbem-14878	48	23	competitiveness	competitiveness	NOUN
fbem-14878	48	24	of	of	ADP
fbem-14878	48	25	high	high	ADJ
fbem-14878	48	26	-	-	PUNCT
fbem-14878	48	27	quality	quality	NOUN
fbem-14878	48	28	aviation	aviation	NOUN
fbem-14878	48	29	enterprises	enterprise	NOUN
fbem-14878	48	30	plays	play	VERB
fbem-14878	48	31	a	a	DET
fbem-14878	48	32	crucial	crucial	ADJ
fbem-14878	48	33	role	role	NOUN
fbem-14878	48	34	.	.	PUNCT
fbem-14878	49	1	the	the	DET
fbem-14878	49	2	development	development	NOUN
fbem-14878	49	3	prospects	prospect	NOUN
fbem-14878	49	4	of	of	ADP
fbem-14878	49	5	aviation	aviation	NOUN
fbem-14878	49	6	enterprises	enterprise	NOUN
fbem-14878	49	7	have	have	AUX
fbem-14878	49	8	always	always	ADV
fbem-14878	49	9	been	be	AUX
fbem-14878	49	10	an	an	DET
fbem-14878	49	11	important	important	ADJ
fbem-14878	49	12	focus	focus	NOUN
fbem-14878	49	13	of	of	ADP
fbem-14878	49	14	the	the	DET
fbem-14878	49	15	chinese	chinese	ADJ
fbem-14878	49	16	government	government	NOUN
fbem-14878	49	17	.	.	PUNCT
fbem-14878	50	1	supporting	support	VERB
fbem-14878	50	2	and	and	CCONJ
fbem-14878	50	3	encouraging	encourage	VERB
fbem-14878	50	4	the	the	DET
fbem-14878	50	5	development	development	NOUN
fbem-14878	50	6	of	of	ADP
fbem-14878	50	7	aviation	aviation	NOUN
fbem-14878	50	8	enterprises	enterprise	NOUN
fbem-14878	50	9	in	in	ADP
fbem-14878	50	10	china	china	PROPN
fbem-14878	50	11	,	,	PUNCT
fbem-14878	50	12	reducing	reduce	VERB
fbem-14878	50	13	the	the	DET
fbem-14878	50	14	gap	gap	NOUN
fbem-14878	50	15	with	with	ADP
fbem-14878	50	16	aviation	aviation	NOUN
fbem-14878	50	17	enterprises	enterprise	NOUN
fbem-14878	50	18	in	in	ADP
fbem-14878	50	19	developed	develop	VERB
fbem-14878	50	20	countries	country	NOUN
fbem-14878	50	21	,	,	PUNCT
fbem-14878	50	22	is	be	AUX
fbem-14878	50	23	of	of	ADP
fbem-14878	50	24	profound	profound	ADJ
fbem-14878	50	25	significance	significance	NOUN
fbem-14878	50	26	for	for	SCONJ
fbem-14878	50	27	china	china	PROPN
fbem-14878	50	28	to	to	PART
fbem-14878	50	29	create	create	VERB
fbem-14878	50	30	an	an	DET
fbem-14878	50	31	innovative	innovative	ADJ
fbem-14878	50	32	country	country	NOUN
fbem-14878	50	33	.	.	PUNCT
fbem-14878	51	1	given	give	VERB
fbem-14878	51	2	that	that	SCONJ
fbem-14878	51	3	most	most	ADJ
fbem-14878	51	4	of	of	ADP
fbem-14878	51	5	china	china	PROPN
fbem-14878	51	6	's	's	PART
fbem-14878	51	7	aviation	aviation	NOUN
fbem-14878	51	8	enterprises	enterprise	NOUN
fbem-14878	51	9	are	be	AUX
fbem-14878	51	10	state	state	NOUN
fbem-14878	51	11	-	-	PUNCT
fbem-14878	51	12	owned	own	VERB
fbem-14878	51	13	and	and	CCONJ
fbem-14878	51	14	the	the	DET
fbem-14878	51	15	government	government	NOUN
fbem-14878	51	16	is	be	AUX
fbem-14878	51	17	the	the	DET
fbem-14878	51	18	largest	large	ADJ
fbem-14878	51	19	shareholder	shareholder	NOUN
fbem-14878	51	20	,	,	PUNCT
fbem-14878	51	21	the	the	DET
fbem-14878	51	22	most	most	ADV
fbem-14878	51	23	important	important	ADJ
fbem-14878	51	24	driving	driving	NOUN
fbem-14878	51	25	force	force	NOUN
fbem-14878	51	26	for	for	ADP
fbem-14878	51	27	cross	cross	ADJ
fbem-14878	51	28	-	-	ADJ
fbem-14878	51	29	border	border	ADJ
fbem-14878	51	30	mergers	merger	NOUN
fbem-14878	51	31	and	and	CCONJ
fbem-14878	51	32	acquisitions	acquisition	NOUN
fbem-14878	51	33	by	by	ADP
fbem-14878	51	34	aviation	aviation	NOUN
fbem-14878	51	35	enterprises	enterprise	NOUN
fbem-14878	51	36	is	be	AUX
fbem-14878	51	37	the	the	DET
fbem-14878	51	38	driving	drive	VERB
fbem-14878	51	39	force	force	NOUN
fbem-14878	51	40	of	of	ADP
fbem-14878	51	41	national	national	ADJ
fbem-14878	51	42	policies	policy	NOUN
fbem-14878	51	43	.	.	PUNCT
fbem-14878	52	1	(	(	PUNCT
fbem-14878	52	2	2	2	X
fbem-14878	52	3	)	)	PUNCT
fbem-14878	52	4	development	development	NOUN
fbem-14878	52	5	of	of	ADP
fbem-14878	52	6	the	the	DET
fbem-14878	52	7	global	global	ADJ
fbem-14878	52	8	aviation	aviation	NOUN
fbem-14878	52	9	industry	industry	NOUN
fbem-14878	52	10	chain	chain	NOUN
fbem-14878	52	11	.	.	PUNCT
fbem-14878	53	1	through	through	ADP
fbem-14878	53	2	the	the	DET
fbem-14878	53	3	analysis	analysis	NOUN
fbem-14878	53	4	of	of	ADP
fbem-14878	53	5	the	the	DET
fbem-14878	53	6	development	development	NOUN
fbem-14878	53	7	status	status	NOUN
fbem-14878	53	8	of	of	ADP
fbem-14878	53	9	global	global	ADJ
fbem-14878	53	10	aviation	aviation	NOUN
fbem-14878	53	11	enterprises	enterprise	NOUN
fbem-14878	53	12	in	in	ADP
fbem-14878	53	13	recent	recent	ADJ
fbem-14878	53	14	years	year	NOUN
fbem-14878	53	15	,	,	PUNCT
fbem-14878	53	16	it	it	PRON
fbem-14878	53	17	can	can	AUX
fbem-14878	53	18	be	be	AUX
fbem-14878	53	19	seen	see	VERB
fbem-14878	53	20	that	that	SCONJ
fbem-14878	53	21	the	the	DET
fbem-14878	53	22	future	future	ADJ
fbem-14878	53	23	changes	change	NOUN
fbem-14878	53	24	in	in	ADP
fbem-14878	53	25	the	the	DET
fbem-14878	53	26	international	international	ADJ
fbem-14878	53	27	aviation	aviation	NOUN
fbem-14878	53	28	industry	industry	NOUN
fbem-14878	53	29	mainly	mainly	ADV
fbem-14878	53	30	tend	tend	VERB
fbem-14878	53	31	towards	towards	ADP
fbem-14878	53	32	high	high	ADJ
fbem-14878	53	33	concentration	concentration	NOUN
fbem-14878	53	34	of	of	ADP
fbem-14878	53	35	enterprises	enterprise	NOUN
fbem-14878	53	36	.	.	PUNCT
fbem-14878	54	1	chinese	chinese	ADJ
fbem-14878	54	2	airlines	airline	NOUN
fbem-14878	54	3	must	must	AUX
fbem-14878	54	4	integrate	integrate	VERB
fbem-14878	54	5	their	their	PRON
fbem-14878	54	6	own	own	ADJ
fbem-14878	54	7	resources	resource	NOUN
fbem-14878	54	8	,	,	PUNCT
fbem-14878	54	9	improve	improve	VERB
fbem-14878	54	10	their	their	PRON
fbem-14878	54	11	international	international	ADJ
fbem-14878	54	12	competitiveness	competitiveness	NOUN
fbem-14878	54	13	,	,	PUNCT
fbem-14878	54	14	and	and	CCONJ
fbem-14878	54	15	expand	expand	VERB
fbem-14878	54	16	their	their	PRON
fbem-14878	54	17	business	business	NOUN
fbem-14878	54	18	scope	scope	NOUN
fbem-14878	54	19	in	in	ADP
fbem-14878	54	20	order	order	NOUN
fbem-14878	54	21	to	to	PART
fbem-14878	54	22	establish	establish	VERB
fbem-14878	54	23	a	a	DET
fbem-14878	54	24	foothold	foothold	NOUN
fbem-14878	54	25	or	or	CCONJ
fbem-14878	54	26	even	even	ADV
fbem-14878	54	27	surpass	surpass	ADJ
fbem-14878	54	28	in	in	ADP
fbem-14878	54	29	such	such	DET
fbem-14878	54	30	a	a	DET
fbem-14878	54	31	sound	sound	ADJ
fbem-14878	54	32	market	market	NOUN
fbem-14878	54	33	.	.	PUNCT
fbem-14878	55	1	at	at	ADP
fbem-14878	55	2	the	the	DET
fbem-14878	55	3	same	same	ADJ
fbem-14878	55	4	time	time	NOUN
fbem-14878	55	5	,	,	PUNCT
fbem-14878	55	6	we	we	PRON
fbem-14878	55	7	not	not	PART
fbem-14878	55	8	only	only	ADV
fbem-14878	55	9	need	need	VERB
fbem-14878	55	10	to	to	PART
fbem-14878	55	11	improve	improve	VERB
fbem-14878	55	12	our	our	PRON
fbem-14878	55	13	own	own	ADJ
fbem-14878	55	14	service	service	NOUN
fbem-14878	55	15	quality	quality	NOUN
fbem-14878	55	16	,	,	PUNCT
fbem-14878	55	17	but	but	CCONJ
fbem-14878	55	18	also	also	ADV
fbem-14878	55	19	actively	actively	ADV
fbem-14878	55	20	expand	expand	VERB
fbem-14878	55	21	other	other	ADJ
fbem-14878	55	22	businesses	business	NOUN
fbem-14878	55	23	and	and	CCONJ
fbem-14878	55	24	diversify	diversify	VERB
fbem-14878	55	25	our	our	PRON
fbem-14878	55	26	operations	operation	NOUN
fbem-14878	55	27	.	.	PUNCT
fbem-14878	56	1	therefore	therefore	ADV
fbem-14878	56	2	,	,	PUNCT
fbem-14878	56	3	from	from	ADP
fbem-14878	56	4	the	the	DET
fbem-14878	56	5	perspective	perspective	NOUN
fbem-14878	56	6	of	of	ADP
fbem-14878	56	7	the	the	DET
fbem-14878	56	8	industrial	industrial	ADJ
fbem-14878	56	9	chain	chain	NOUN
fbem-14878	56	10	,	,	PUNCT
fbem-14878	56	11	the	the	DET
fbem-14878	56	12	main	main	ADJ
fbem-14878	56	13	driving	driving	NOUN
fbem-14878	56	14	force	force	NOUN
fbem-14878	56	15	behind	behind	ADP
fbem-14878	56	16	cross	cross	ADJ
fbem-14878	56	17	-	-	ADJ
fbem-14878	56	18	border	border	ADJ
fbem-14878	56	19	mergers	merger	NOUN
fbem-14878	56	20	and	and	CCONJ
fbem-14878	56	21	acquisitions	acquisition	NOUN
fbem-14878	56	22	by	by	ADP
fbem-14878	56	23	chinese	chinese	ADJ
fbem-14878	56	24	aviation	aviation	NOUN
fbem-14878	56	25	enterprises	enterprise	NOUN
fbem-14878	56	26	is	be	AUX
fbem-14878	56	27	the	the	DET
fbem-14878	56	28	development	development	NOUN
fbem-14878	56	29	of	of	ADP
fbem-14878	56	30	the	the	DET
fbem-14878	56	31	international	international	ADJ
fbem-14878	56	32	industrial	industrial	ADJ
fbem-14878	56	33	chain	chain	NOUN
fbem-14878	56	34	.	.	PUNCT
fbem-14878	57	1	(	(	PUNCT
fbem-14878	57	2	3	3	X
fbem-14878	57	3	)	)	PUNCT
fbem-14878	57	4	the	the	DET
fbem-14878	57	5	driving	drive	VERB
fbem-14878	57	6	force	force	NOUN
fbem-14878	57	7	of	of	ADP
fbem-14878	57	8	market	market	NOUN
fbem-14878	57	9	competition	competition	NOUN
fbem-14878	57	10	.	.	PUNCT
fbem-14878	58	1	the	the	DET
fbem-14878	58	2	fierce	fierce	ADJ
fbem-14878	58	3	competition	competition	NOUN
fbem-14878	58	4	among	among	ADP
fbem-14878	58	5	domestic	domestic	ADJ
fbem-14878	58	6	aviation	aviation	NOUN
fbem-14878	58	7	enterprises	enterprise	NOUN
fbem-14878	58	8	has	have	AUX
fbem-14878	58	9	continued	continue	VERB
fbem-14878	58	10	into	into	ADP
fbem-14878	58	11	the	the	DET
fbem-14878	58	12	fierce	fierce	ADJ
fbem-14878	58	13	competition	competition	NOUN
fbem-14878	58	14	among	among	ADP
fbem-14878	58	15	international	international	ADJ
fbem-14878	58	16	aviation	aviation	NOUN
fbem-14878	58	17	enterprises	enterprise	NOUN
fbem-14878	58	18	.	.	PUNCT
fbem-14878	59	1	this	this	PRON
fbem-14878	59	2	has	have	AUX
fbem-14878	59	3	led	lead	VERB
fbem-14878	59	4	to	to	ADP
fbem-14878	59	5	a	a	DET
fbem-14878	59	6	portion	portion	NOUN
fbem-14878	59	7	of	of	ADP
fbem-14878	59	8	small	small	ADJ
fbem-14878	59	9	and	and	CCONJ
fbem-14878	59	10	medium	medium	ADJ
fbem-14878	59	11	-	-	PUNCT
fbem-14878	59	12	sized	sized	ADJ
fbem-14878	59	13	aviation	aviation	NOUN
fbem-14878	59	14	enterprises	enterprise	NOUN
fbem-14878	59	15	,	,	PUNCT
fbem-14878	59	16	although	although	SCONJ
fbem-14878	59	17	possessing	possess	VERB
fbem-14878	59	18	advanced	advanced	ADJ
fbem-14878	59	19	technology	technology	NOUN
fbem-14878	59	20	,	,	PUNCT
fbem-14878	59	21	being	be	AUX
fbem-14878	59	22	unable	unable	ADJ
fbem-14878	59	23	to	to	PART
fbem-14878	59	24	gain	gain	VERB
fbem-14878	59	25	a	a	DET
fbem-14878	59	26	foothold	foothold	NOUN
fbem-14878	59	27	in	in	ADP
fbem-14878	59	28	market	market	NOUN
fbem-14878	59	29	competition	competition	NOUN
fbem-14878	59	30	due	due	ADP
fbem-14878	59	31	to	to	ADP
fbem-14878	59	32	their	their	PRON
fbem-14878	59	33	small	small	ADJ
fbem-14878	59	34	scale	scale	NOUN
fbem-14878	59	35	.	.	PUNCT
fbem-14878	60	1	large	large	ADJ
fbem-14878	60	2	aviation	aviation	NOUN
fbem-14878	60	3	enterprises	enterprise	NOUN
fbem-14878	60	4	still	still	ADV
fbem-14878	60	5	dominate	dominate	VERB
fbem-14878	60	6	the	the	DET
fbem-14878	60	7	market	market	NOUN
fbem-14878	60	8	,	,	PUNCT
fbem-14878	60	9	and	and	CCONJ
fbem-14878	60	10	although	although	SCONJ
fbem-14878	60	11	china	china	PROPN
fbem-14878	60	12	's	's	PART
fbem-14878	60	13	aviation	aviation	NOUN
fbem-14878	60	14	enterprises	enterprise	NOUN
fbem-14878	60	15	have	have	AUX
fbem-14878	60	16	made	make	VERB
fbem-14878	60	17	significant	significant	ADJ
fbem-14878	60	18	progress	progress	NOUN
fbem-14878	60	19	.	.	PUNCT
fbem-14878	61	1	however	however	ADV
fbem-14878	61	2	,	,	PUNCT
fbem-14878	61	3	there	there	PRON
fbem-14878	61	4	is	be	VERB
fbem-14878	61	5	still	still	ADV
fbem-14878	61	6	a	a	DET
fbem-14878	61	7	significant	significant	ADJ
fbem-14878	61	8	gap	gap	NOUN
fbem-14878	61	9	compared	compare	VERB
fbem-14878	61	10	to	to	ADP
fbem-14878	61	11	aviation	aviation	NOUN
fbem-14878	61	12	companies	company	NOUN
fbem-14878	61	13	in	in	ADP
fbem-14878	61	14	developed	develop	VERB
fbem-14878	61	15	countries	country	NOUN
fbem-14878	61	16	.	.	PUNCT
fbem-14878	62	1	with	with	ADP
fbem-14878	62	2	the	the	DET
fbem-14878	62	3	increase	increase	NOUN
fbem-14878	62	4	of	of	ADP
fbem-14878	62	5	exchanges	exchange	NOUN
fbem-14878	62	6	between	between	ADP
fbem-14878	62	7	countries	country	NOUN
fbem-14878	62	8	,	,	PUNCT
fbem-14878	62	9	international	international	ADJ
fbem-14878	62	10	relations	relation	NOUN
fbem-14878	62	11	have	have	AUX
fbem-14878	62	12	gradually	gradually	ADV
fbem-14878	62	13	become	become	VERB
fbem-14878	62	14	more	more	ADV
fbem-14878	62	15	relaxed	relaxed	ADJ
fbem-14878	62	16	,	,	PUNCT
fbem-14878	62	17	and	and	CCONJ
fbem-14878	62	18	chinese	chinese	ADJ
fbem-14878	62	19	airlines	airline	NOUN
fbem-14878	62	20	have	have	AUX
fbem-14878	62	21	begun	begin	VERB
fbem-14878	62	22	to	to	PART
fbem-14878	62	23	cooperate	cooperate	VERB
fbem-14878	62	24	with	with	ADP
fbem-14878	62	25	foreign	foreign	ADJ
fbem-14878	62	26	airlines	airline	NOUN
fbem-14878	62	27	to	to	PART
fbem-14878	62	28	enhance	enhance	VERB
fbem-14878	62	29	their	their	PRON
fbem-14878	62	30	competitiveness	competitiveness	NOUN
fbem-14878	62	31	.	.	PUNCT
fbem-14878	63	1	at	at	ADP
fbem-14878	63	2	this	this	DET
fbem-14878	63	3	time	time	NOUN
fbem-14878	63	4	,	,	PUNCT
fbem-14878	63	5	small	small	ADJ
fbem-14878	63	6	and	and	CCONJ
fbem-14878	63	7	medium	medium	ADJ
fbem-14878	63	8	-	-	PUNCT
fbem-14878	63	9	sized	sized	ADJ
fbem-14878	63	10	enterprises	enterprise	NOUN
fbem-14878	63	11	with	with	ADP
fbem-14878	63	12	advanced	advanced	ADJ
fbem-14878	63	13	technological	technological	ADJ
fbem-14878	63	14	levels	level	NOUN
fbem-14878	63	15	have	have	AUX
fbem-14878	63	16	become	become	VERB
fbem-14878	63	17	the	the	DET
fbem-14878	63	18	targets	target	NOUN
fbem-14878	63	19	of	of	ADP
fbem-14878	63	20	mergers	merger	NOUN
fbem-14878	63	21	and	and	CCONJ
fbem-14878	63	22	acquisitions	acquisition	NOUN
fbem-14878	63	23	in	in	ADP
fbem-14878	63	24	china	china	PROPN
fbem-14878	63	25	's	's	PART
fbem-14878	63	26	aviation	aviation	NOUN
fbem-14878	63	27	industry	industry	NOUN
fbem-14878	63	28	.	.	PUNCT
fbem-14878	64	1	by	by	ADP
fbem-14878	64	2	acquiring	acquire	VERB
fbem-14878	64	3	these	these	DET
fbem-14878	64	4	enterprises	enterprise	NOUN
fbem-14878	64	5	,	,	PUNCT
fbem-14878	64	6	they	they	PRON
fbem-14878	64	7	can	can	AUX
fbem-14878	64	8	quickly	quickly	ADV
fbem-14878	64	9	obtain	obtain	VERB
fbem-14878	64	10	advanced	advanced	ADJ
fbem-14878	64	11	scientific	scientific	ADJ
fbem-14878	64	12	and	and	CCONJ
fbem-14878	64	13	technological	technological	ADJ
fbem-14878	64	14	knowledge	knowledge	NOUN
fbem-14878	64	15	and	and	CCONJ
fbem-14878	64	16	compete	compete	VERB
fbem-14878	64	17	with	with	ADP
fbem-14878	64	18	monopolistic	monopolistic	ADJ
fbem-14878	64	19	groups	group	NOUN
fbem-14878	64	20	.	.	PUNCT
fbem-14878	65	1	2.3	2.3	NUM
fbem-14878	65	2	.	.	PUNCT
fbem-14878	66	1	risk	risk	NOUN
fbem-14878	66	2	points	point	NOUN
fbem-14878	66	3	of	of	ADP
fbem-14878	66	4	cross	cross	ADJ
fbem-14878	66	5	-	-	ADJ
fbem-14878	66	6	border	border	ADJ
fbem-14878	66	7	mergers	merger	NOUN
fbem-14878	66	8	and	and	CCONJ
fbem-14878	66	9	acquisitions	acquisition	NOUN
fbem-14878	66	10	of	of	ADP
fbem-14878	66	11	chinese	chinese	ADJ
fbem-14878	66	12	aviation	aviation	NOUN
fbem-14878	66	13	enterprises	enterprise	NOUN
fbem-14878	66	14	(	(	PUNCT
fbem-14878	66	15	1	1	X
fbem-14878	66	16	)	)	PUNCT
fbem-14878	66	17	legal	legal	ADJ
fbem-14878	66	18	risks	risk	NOUN
fbem-14878	66	19	.	.	PUNCT
fbem-14878	67	1	the	the	DET
fbem-14878	67	2	risks	risk	NOUN
fbem-14878	67	3	faced	face	VERB
fbem-14878	67	4	by	by	ADP
fbem-14878	67	5	airlines	airline	NOUN
fbem-14878	67	6	in	in	ADP
fbem-14878	67	7	cross	cross	ADJ
fbem-14878	67	8	-	-	ADJ
fbem-14878	67	9	border	border	ADJ
fbem-14878	67	10	mergers	merger	NOUN
fbem-14878	67	11	and	and	CCONJ
fbem-14878	67	12	acquisitions	acquisition	NOUN
fbem-14878	67	13	,	,	PUNCT
fbem-14878	67	14	such	such	ADJ
fbem-14878	67	15	as	as	ADP
fbem-14878	67	16	legal	legal	ADJ
fbem-14878	67	17	risks	risk	NOUN
fbem-14878	67	18	.	.	PUNCT
fbem-14878	68	1	for	for	ADP
fbem-14878	68	2	example	example	NOUN
fbem-14878	68	3	,	,	PUNCT
fbem-14878	68	4	the	the	DET
fbem-14878	68	5	committee	committee	NOUN
fbem-14878	68	6	on	on	ADP
fbem-14878	68	7	foreign	foreign	ADJ
fbem-14878	68	8	investment	investment	NOUN
fbem-14878	68	9	in	in	ADP
fbem-14878	68	10	the	the	DET
fbem-14878	68	11	united	united	PROPN
fbem-14878	68	12	states	states	PROPN
fbem-14878	68	13	(	(	PUNCT
fbem-14878	68	14	cfuis	cfuis	NOUN
fbem-14878	68	15	)	)	PUNCT
fbem-14878	68	16	stipulates	stipulate	VERB
fbem-14878	68	17	that	that	SCONJ
fbem-14878	68	18	the	the	DET
fbem-14878	68	19	review	review	NOUN
fbem-14878	68	20	criteria	criterion	NOUN
fbem-14878	68	21	are	be	AUX
fbem-14878	68	22	related	relate	VERB
fbem-14878	68	23	to	to	ADP
fbem-14878	68	24	national	national	ADJ
fbem-14878	68	25	security	security	NOUN
fbem-14878	68	26	factors	factor	NOUN
fbem-14878	68	27	,	,	PUNCT
fbem-14878	68	28	and	and	CCONJ
fbem-14878	68	29	china	china	PROPN
fbem-14878	68	30	's	's	PART
fbem-14878	68	31	larger	large	ADJ
fbem-14878	68	32	aviation	aviation	NOUN
fbem-14878	68	33	enterprises	enterprise	NOUN
fbem-14878	68	34	are	be	AUX
fbem-14878	68	35	mainly	mainly	ADV
fbem-14878	68	36	state	state	NOUN
fbem-14878	68	37	-	-	PUNCT
fbem-14878	68	38	owned	own	VERB
fbem-14878	68	39	enterprises	enterprise	NOUN
fbem-14878	68	40	,	,	PUNCT
fbem-14878	68	41	which	which	PRON
fbem-14878	68	42	makes	make	VERB
fbem-14878	68	43	the	the	DET
fbem-14878	68	44	united	united	PROPN
fbem-14878	68	45	states	states	PROPN
fbem-14878	68	46	more	more	ADV
fbem-14878	68	47	sensitive	sensitive	ADJ
fbem-14878	68	48	when	when	SCONJ
fbem-14878	68	49	reviewing	review	VERB
fbem-14878	68	50	cross	cross	ADJ
fbem-14878	68	51	-	-	ADJ
fbem-14878	68	52	border	border	ADJ
fbem-14878	68	53	mergers	merger	NOUN
fbem-14878	68	54	and	and	CCONJ
fbem-14878	68	55	acquisitions	acquisition	NOUN
fbem-14878	68	56	of	of	ADP
fbem-14878	68	57	china	china	PROPN
fbem-14878	68	58	's	's	PART
fbem-14878	68	59	aviation	aviation	NOUN
fbem-14878	68	60	enterprises	enterprise	NOUN
fbem-14878	68	61	.	.	PUNCT
fbem-14878	69	1	the	the	DET
fbem-14878	69	2	second	second	ADJ
fbem-14878	69	3	criterion	criterion	NOUN
fbem-14878	69	4	for	for	ADP
fbem-14878	69	5	review	review	NOUN
fbem-14878	69	6	is	be	AUX
fbem-14878	69	7	the	the	DET
fbem-14878	69	8	simulation	simulation	NOUN
fbem-14878	69	9	of	of	ADP
fbem-14878	69	10	sensitive	sensitive	ADJ
fbem-14878	69	11	industries	industry	NOUN
fbem-14878	69	12	.	.	PUNCT
fbem-14878	70	1	foreign	foreign	ADJ
fbem-14878	70	2	investment	investment	NOUN
fbem-14878	70	3	in	in	ADP
fbem-14878	70	4	the	the	DET
fbem-14878	70	5	united	united	PROPN
fbem-14878	70	6	states	states	PROPN
fbem-14878	70	7	is	be	AUX
fbem-14878	70	8	subject	subject	ADJ
fbem-14878	70	9	to	to	ADP
fbem-14878	70	10	national	national	ADJ
fbem-14878	70	11	security	security	NOUN
fbem-14878	70	12	review	review	NOUN
fbem-14878	70	13	for	for	ADP
fbem-14878	70	14	sensitive	sensitive	ADJ
fbem-14878	70	15	industries	industry	NOUN
fbem-14878	70	16	.	.	PUNCT
fbem-14878	71	1	the	the	DET
fbem-14878	71	2	manufacturing	manufacturing	NOUN
fbem-14878	71	3	of	of	ADP
fbem-14878	71	4	military	military	ADJ
fbem-14878	71	5	aircraft	aircraft	NOUN
fbem-14878	71	6	components	component	NOUN
fbem-14878	71	7	is	be	AUX
fbem-14878	71	8	classified	classify	VERB
fbem-14878	71	9	as	as	ADP
fbem-14878	71	10	level	level	NOUN
fbem-14878	71	11	1	1	NUM
fbem-14878	71	12	:	:	PUNCT
fbem-14878	71	13	highly	highly	ADV
fbem-14878	71	14	sensitive	sensitive	ADJ
fbem-14878	71	15	,	,	PUNCT
fbem-14878	71	16	and	and	CCONJ
fbem-14878	71	17	transportation	transportation	NOUN
fbem-14878	71	18	is	be	AUX
fbem-14878	71	19	classified	classify	VERB
fbem-14878	71	20	as	as	ADP
fbem-14878	71	21	level	level	NOUN
fbem-14878	71	22	2	2	NUM
fbem-14878	71	23	:	:	PUNCT
fbem-14878	71	24	sensitive	sensitive	ADJ
fbem-14878	71	25	.	.	PUNCT
fbem-14878	72	1	aviation	aviation	NOUN
fbem-14878	72	2	companies	company	NOUN
fbem-14878	72	3	include	include	VERB
fbem-14878	72	4	both	both	DET
fbem-14878	72	5	aviation	aviation	NOUN
fbem-14878	72	6	manufacturing	manufacturing	NOUN
fbem-14878	72	7	and	and	CCONJ
fbem-14878	72	8	transportation	transportation	NOUN
fbem-14878	72	9	industries	industry	NOUN
fbem-14878	72	10	,	,	PUNCT
fbem-14878	72	11	making	make	VERB
fbem-14878	72	12	it	it	PRON
fbem-14878	72	13	easier	easy	ADJ
fbem-14878	72	14	to	to	PART
fbem-14878	72	15	attract	attract	VERB
fbem-14878	72	16	the	the	DET
fbem-14878	72	17	attention	attention	NOUN
fbem-14878	72	18	of	of	ADP
fbem-14878	72	19	the	the	DET
fbem-14878	72	20	foreign	foreign	ADJ
fbem-14878	72	21	investment	investment	NOUN
fbem-14878	72	22	commission	commission	NOUN
fbem-14878	72	23	.	.	PUNCT
fbem-14878	73	1	at	at	ADP
fbem-14878	73	2	the	the	DET
fbem-14878	73	3	same	same	ADJ
fbem-14878	73	4	time	time	NOUN
fbem-14878	73	5	,	,	PUNCT
fbem-14878	73	6	there	there	PRON
fbem-14878	73	7	are	be	VERB
fbem-14878	73	8	also	also	ADV
fbem-14878	73	9	transaction	transaction	NOUN
fbem-14878	73	10	sensitive	sensitive	ADJ
fbem-14878	73	11	industries	industry	NOUN
fbem-14878	73	12	in	in	ADP
fbem-14878	73	13	germany	germany	PROPN
fbem-14878	73	14	,	,	PUNCT
fbem-14878	73	15	mainly	mainly	ADV
fbem-14878	73	16	products	product	NOUN
fbem-14878	73	17	and	and	CCONJ
fbem-14878	73	18	services	service	NOUN
fbem-14878	73	19	related	relate	VERB
fbem-14878	73	20	to	to	ADP
fbem-14878	73	21	certain	certain	ADJ
fbem-14878	73	22	military	military	ADJ
fbem-14878	73	23	purposes	purpose	NOUN
fbem-14878	73	24	and	and	CCONJ
fbem-14878	73	25	information	information	NOUN
fbem-14878	73	26	technology	technology	NOUN
fbem-14878	73	27	security	security	NOUN
fbem-14878	73	28	.	.	PUNCT
fbem-14878	74	1	as	as	ADP
fbem-14878	74	2	a	a	DET
fbem-14878	74	3	transportation	transportation	NOUN
fbem-14878	74	4	industry	industry	NOUN
fbem-14878	74	5	,	,	PUNCT
fbem-14878	74	6	aviation	aviation	NOUN
fbem-14878	74	7	companies	company	NOUN
fbem-14878	74	8	have	have	VERB
fbem-14878	74	9	a	a	DET
fbem-14878	74	10	close	close	ADJ
fbem-14878	74	11	connection	connection	NOUN
fbem-14878	74	12	with	with	ADP
fbem-14878	74	13	public	public	ADJ
fbem-14878	74	14	safety	safety	NOUN
fbem-14878	74	15	.	.	PUNCT
fbem-14878	75	1	if	if	SCONJ
fbem-14878	75	2	related	relate	VERB
fbem-14878	75	3	m&a	m&a	PROPN
fbem-14878	75	4	transactions	transaction	NOUN
fbem-14878	75	5	involve	involve	VERB
fbem-14878	75	6	sensitive	sensitive	ADJ
fbem-14878	75	7	industries	industry	NOUN
fbem-14878	75	8	,	,	PUNCT
fbem-14878	75	9	the	the	DET
fbem-14878	75	10	possibility	possibility	NOUN
fbem-14878	75	11	of	of	ADP
fbem-14878	75	12	being	be	AUX
fbem-14878	75	13	reviewed	review	VERB
fbem-14878	75	14	and	and	CCONJ
fbem-14878	75	15	identified	identify	VERB
fbem-14878	75	16	as	as	ADP
fbem-14878	75	17	endangering	endanger	VERB
fbem-14878	75	18	national	national	ADJ
fbem-14878	75	19	189	189	NUM
fbem-14878	75	20	security	security	NOUN
fbem-14878	75	21	will	will	AUX
fbem-14878	75	22	also	also	ADV
fbem-14878	75	23	increase	increase	VERB
fbem-14878	75	24	.	.	PUNCT
fbem-14878	76	1	in	in	ADP
fbem-14878	76	2	france	france	PROPN
fbem-14878	76	3	,	,	PUNCT
fbem-14878	76	4	the	the	DET
fbem-14878	76	5	united	united	ADJ
fbem-14878	76	6	kingdom	kingdom	PROPN
fbem-14878	76	7	,	,	PUNCT
fbem-14878	76	8	and	and	CCONJ
fbem-14878	76	9	japan	japan	PROPN
fbem-14878	76	10	,	,	PUNCT
fbem-14878	76	11	airlines	airline	NOUN
fbem-14878	76	12	are	be	AUX
fbem-14878	76	13	among	among	ADP
fbem-14878	76	14	the	the	DET
fbem-14878	76	15	more	more	ADV
fbem-14878	76	16	sensitive	sensitive	ADJ
fbem-14878	76	17	industries	industry	NOUN
fbem-14878	76	18	in	in	ADP
fbem-14878	76	19	the	the	DET
fbem-14878	76	20	classification	classification	NOUN
fbem-14878	76	21	of	of	ADP
fbem-14878	76	22	sensitive	sensitive	ADJ
fbem-14878	76	23	industries	industry	NOUN
fbem-14878	76	24	.	.	PUNCT
fbem-14878	77	1	therefore	therefore	ADV
fbem-14878	77	2	,	,	PUNCT
fbem-14878	77	3	chinese	chinese	ADJ
fbem-14878	77	4	aviation	aviation	NOUN
fbem-14878	77	5	enterprises	enterprise	NOUN
fbem-14878	77	6	face	face	VERB
fbem-14878	77	7	high	high	ADJ
fbem-14878	77	8	legal	legal	ADJ
fbem-14878	77	9	risks	risk	NOUN
fbem-14878	77	10	when	when	SCONJ
fbem-14878	77	11	conducting	conduct	VERB
fbem-14878	77	12	cross	cross	ADJ
fbem-14878	77	13	-	-	ADJ
fbem-14878	77	14	border	border	ADJ
fbem-14878	77	15	mergers	merger	NOUN
fbem-14878	77	16	and	and	CCONJ
fbem-14878	77	17	acquisitions	acquisition	NOUN
fbem-14878	77	18	.	.	PUNCT
fbem-14878	78	1	(	(	PUNCT
fbem-14878	78	2	2	2	X
fbem-14878	78	3	)	)	PUNCT
fbem-14878	78	4	political	political	ADJ
fbem-14878	78	5	risk	risk	NOUN
fbem-14878	78	6	.	.	PUNCT
fbem-14878	79	1	aviation	aviation	NOUN
fbem-14878	79	2	companies	company	NOUN
fbem-14878	79	3	generally	generally	ADV
fbem-14878	79	4	face	face	VERB
fbem-14878	79	5	political	political	ADJ
fbem-14878	79	6	risks	risk	NOUN
fbem-14878	79	7	when	when	SCONJ
fbem-14878	79	8	conducting	conduct	VERB
fbem-14878	79	9	cross	cross	ADJ
fbem-14878	79	10	-	-	ADJ
fbem-14878	79	11	border	border	ADJ
fbem-14878	79	12	mergers	merger	NOUN
fbem-14878	79	13	and	and	CCONJ
fbem-14878	79	14	acquisitions	acquisition	NOUN
fbem-14878	79	15	.	.	PUNCT
fbem-14878	80	1	chinese	chinese	ADJ
fbem-14878	80	2	aviation	aviation	NOUN
fbem-14878	80	3	enterprises	enterprise	NOUN
fbem-14878	80	4	are	be	AUX
fbem-14878	80	5	often	often	ADV
fbem-14878	80	6	seen	see	VERB
fbem-14878	80	7	by	by	ADP
fbem-14878	80	8	developed	developed	ADJ
fbem-14878	80	9	countries	country	NOUN
fbem-14878	80	10	as	as	ADP
fbem-14878	80	11	having	have	VERB
fbem-14878	80	12	political	political	ADJ
fbem-14878	80	13	connotations	connotation	NOUN
fbem-14878	80	14	,	,	PUNCT
fbem-14878	80	15	and	and	CCONJ
fbem-14878	80	16	they	they	PRON
fbem-14878	80	17	have	have	VERB
fbem-14878	80	18	a	a	DET
fbem-14878	80	19	certain	certain	ADJ
fbem-14878	80	20	level	level	NOUN
fbem-14878	80	21	of	of	ADP
fbem-14878	80	22	vigilance	vigilance	NOUN
fbem-14878	80	23	towards	towards	ADP
fbem-14878	80	24	mergers	merger	NOUN
fbem-14878	80	25	and	and	CCONJ
fbem-14878	80	26	acquisitions	acquisition	NOUN
fbem-14878	80	27	.	.	PUNCT
fbem-14878	81	1	therefore	therefore	ADV
fbem-14878	81	2	,	,	PUNCT
fbem-14878	81	3	chinese	chinese	ADJ
fbem-14878	81	4	aviation	aviation	NOUN
fbem-14878	81	5	enterprises	enterprise	NOUN
fbem-14878	81	6	will	will	AUX
fbem-14878	81	7	attract	attract	VERB
fbem-14878	81	8	more	more	ADJ
fbem-14878	81	9	attention	attention	NOUN
fbem-14878	81	10	from	from	ADP
fbem-14878	81	11	the	the	DET
fbem-14878	81	12	government	government	NOUN
fbem-14878	81	13	when	when	SCONJ
fbem-14878	81	14	conducting	conduct	VERB
fbem-14878	81	15	cross	cross	ADJ
fbem-14878	81	16	-	-	ADJ
fbem-14878	81	17	border	border	ADJ
fbem-14878	81	18	mergers	merger	NOUN
fbem-14878	81	19	and	and	CCONJ
fbem-14878	81	20	acquisitions	acquisition	NOUN
fbem-14878	81	21	.	.	PUNCT
fbem-14878	82	1	in	in	ADP
fbem-14878	82	2	addition	addition	NOUN
fbem-14878	82	3	,	,	PUNCT
fbem-14878	82	4	aviation	aviation	NOUN
fbem-14878	82	5	enterprises	enterprise	NOUN
fbem-14878	82	6	mainly	mainly	ADV
fbem-14878	82	7	operate	operate	VERB
fbem-14878	82	8	in	in	ADP
fbem-14878	82	9	the	the	DET
fbem-14878	82	10	transportation	transportation	NOUN
fbem-14878	82	11	industry	industry	NOUN
fbem-14878	82	12	.	.	PUNCT
fbem-14878	83	1	in	in	ADP
fbem-14878	83	2	countries	country	NOUN
fbem-14878	83	3	with	with	ADP
fbem-14878	83	4	unstable	unstable	ADJ
fbem-14878	83	5	political	political	ADJ
fbem-14878	83	6	environments	environment	NOUN
fbem-14878	83	7	,	,	PUNCT
fbem-14878	83	8	the	the	DET
fbem-14878	83	9	transportation	transportation	NOUN
fbem-14878	83	10	industry	industry	NOUN
fbem-14878	83	11	is	be	AUX
fbem-14878	83	12	a	a	DET
fbem-14878	83	13	very	very	ADV
fbem-14878	83	14	sensitive	sensitive	ADJ
fbem-14878	83	15	presence	presence	NOUN
fbem-14878	83	16	.	.	PUNCT
fbem-14878	84	1	chinese	chinese	ADJ
fbem-14878	84	2	aviation	aviation	NOUN
fbem-14878	84	3	enterprises	enterprise	NOUN
fbem-14878	84	4	are	be	AUX
fbem-14878	84	5	prone	prone	ADJ
fbem-14878	84	6	to	to	ADP
fbem-14878	84	7	being	be	AUX
fbem-14878	84	8	labeled	label	VERB
fbem-14878	84	9	with	with	ADP
fbem-14878	84	10	political	political	ADJ
fbem-14878	84	11	connotations	connotation	NOUN
fbem-14878	84	12	when	when	SCONJ
fbem-14878	84	13	conducting	conduct	VERB
fbem-14878	84	14	cross	cross	ADJ
fbem-14878	84	15	-	-	ADJ
fbem-14878	84	16	border	border	ADJ
fbem-14878	84	17	mergers	merger	NOUN
fbem-14878	84	18	and	and	CCONJ
fbem-14878	84	19	acquisitions	acquisition	NOUN
fbem-14878	84	20	,	,	PUNCT
fbem-14878	84	21	thus	thus	ADV
fbem-14878	84	22	facing	face	VERB
fbem-14878	84	23	political	political	ADJ
fbem-14878	84	24	censorship	censorship	NOUN
fbem-14878	84	25	risks	risk	NOUN
fbem-14878	84	26	.	.	PUNCT
fbem-14878	85	1	for	for	ADP
fbem-14878	85	2	example	example	NOUN
fbem-14878	85	3	,	,	PUNCT
fbem-14878	85	4	in	in	ADP
fbem-14878	85	5	2012	2012	NUM
fbem-14878	85	6	,	,	PUNCT
fbem-14878	85	7	beijing	beijing	PROPN
fbem-14878	85	8	zhuoyue	zhuoyue	PROPN
fbem-14878	85	9	aviation	aviation	NOUN
fbem-14878	85	10	industry	industry	NOUN
fbem-14878	85	11	company	company	NOUN
fbem-14878	85	12	failed	fail	VERB
fbem-14878	85	13	to	to	PART
fbem-14878	85	14	acquire	acquire	VERB
fbem-14878	85	15	an	an	DET
fbem-14878	85	16	old	old	ADJ
fbem-14878	85	17	american	american	ADJ
fbem-14878	85	18	government	government	NOUN
fbem-14878	85	19	machinery	machinery	NOUN
fbem-14878	85	20	manufacturer	manufacturer	NOUN
fbem-14878	85	21	.	.	PUNCT
fbem-14878	86	1	although	although	SCONJ
fbem-14878	86	2	beijing	beijing	PROPN
fbem-14878	86	3	zhuoyue	zhuoyue	PROPN
fbem-14878	86	4	aviation	aviation	NOUN
fbem-14878	86	5	industry	industry	NOUN
fbem-14878	86	6	company	company	NOUN
fbem-14878	86	7	is	be	AUX
fbem-14878	86	8	a	a	DET
fbem-14878	86	9	private	private	ADJ
fbem-14878	86	10	enterprise	enterprise	NOUN
fbem-14878	86	11	,	,	PUNCT
fbem-14878	86	12	it	it	PRON
fbem-14878	86	13	has	have	VERB
fbem-14878	86	14	a	a	DET
fbem-14878	86	15	government	government	NOUN
fbem-14878	86	16	background	background	NOUN
fbem-14878	86	17	in	in	ADP
fbem-14878	86	18	its	its	PRON
fbem-14878	86	19	equity	equity	NOUN
fbem-14878	86	20	composition	composition	NOUN
fbem-14878	86	21	.	.	PUNCT
fbem-14878	87	1	at	at	ADP
fbem-14878	87	2	the	the	DET
fbem-14878	87	3	same	same	ADJ
fbem-14878	87	4	time	time	NOUN
fbem-14878	87	5	,	,	PUNCT
fbem-14878	87	6	beijing	beijing	PROPN
fbem-14878	87	7	zhuoyue	zhuoyue	NOUN
fbem-14878	87	8	is	be	AUX
fbem-14878	87	9	located	locate	VERB
fbem-14878	87	10	in	in	ADP
fbem-14878	87	11	the	the	DET
fbem-14878	87	12	aircraft	aircraft	NOUN
fbem-14878	87	13	manufacturing	manufacturing	NOUN
fbem-14878	87	14	field	field	NOUN
fbem-14878	87	15	and	and	CCONJ
fbem-14878	87	16	is	be	AUX
fbem-14878	87	17	a	a	DET
fbem-14878	87	18	sensitive	sensitive	ADJ
fbem-14878	87	19	industry	industry	NOUN
fbem-14878	87	20	of	of	ADP
fbem-14878	87	21	the	the	DET
fbem-14878	87	22	us	us	PROPN
fbem-14878	87	23	foreign	foreign	PROPN
fbem-14878	87	24	investment	investment	NOUN
fbem-14878	87	25	commission	commission	NOUN
fbem-14878	87	26	.	.	PUNCT
fbem-14878	88	1	under	under	ADP
fbem-14878	88	2	the	the	DET
fbem-14878	88	3	influence	influence	NOUN
fbem-14878	88	4	of	of	ADP
fbem-14878	88	5	these	these	DET
fbem-14878	88	6	factors	factor	NOUN
fbem-14878	88	7	,	,	PUNCT
fbem-14878	88	8	beijing	beijing	PROPN
fbem-14878	88	9	's	's	PART
fbem-14878	88	10	outstanding	outstanding	ADJ
fbem-14878	88	11	cross	cross	ADJ
fbem-14878	88	12	-	-	ADJ
fbem-14878	88	13	border	border	ADJ
fbem-14878	88	14	mergers	merger	NOUN
fbem-14878	88	15	and	and	CCONJ
fbem-14878	88	16	acquisitions	acquisition	NOUN
fbem-14878	88	17	ultimately	ultimately	ADV
fbem-14878	88	18	ended	end	VERB
fbem-14878	88	19	in	in	ADP
fbem-14878	88	20	failure	failure	NOUN
fbem-14878	88	21	.	.	PUNCT
fbem-14878	89	1	under	under	ADP
fbem-14878	89	2	the	the	DET
fbem-14878	89	3	guidance	guidance	NOUN
fbem-14878	89	4	of	of	ADP
fbem-14878	89	5	the	the	DET
fbem-14878	89	6	national	national	ADJ
fbem-14878	89	7	"	"	PUNCT
fbem-14878	89	8	the	the	DET
fbem-14878	89	9	belt	belt	NOUN
fbem-14878	89	10	and	and	CCONJ
fbem-14878	89	11	road	road	NOUN
fbem-14878	89	12	"	"	PUNCT
fbem-14878	89	13	policy	policy	NOUN
fbem-14878	89	14	,	,	PUNCT
fbem-14878	89	15	chinese	chinese	ADJ
fbem-14878	89	16	aviation	aviation	NOUN
fbem-14878	89	17	enterprises	enterprise	NOUN
fbem-14878	89	18	are	be	AUX
fbem-14878	89	19	less	less	ADV
fbem-14878	89	20	likely	likely	ADJ
fbem-14878	89	21	to	to	PART
fbem-14878	89	22	encounter	encounter	VERB
fbem-14878	89	23	conflicts	conflict	NOUN
fbem-14878	89	24	in	in	ADP
fbem-14878	89	25	m&a	m&a	PROPN
fbem-14878	89	26	transactions	transaction	NOUN
fbem-14878	89	27	in	in	ADP
fbem-14878	89	28	countries	country	NOUN
fbem-14878	89	29	related	relate	VERB
fbem-14878	89	30	to	to	ADP
fbem-14878	89	31	the	the	DET
fbem-14878	89	32	"	"	PUNCT
fbem-14878	89	33	the	the	DET
fbem-14878	89	34	belt	belt	NOUN
fbem-14878	89	35	and	and	CCONJ
fbem-14878	89	36	road	road	NOUN
fbem-14878	89	37	"	"	PUNCT
fbem-14878	89	38	,	,	PUNCT
fbem-14878	89	39	but	but	CCONJ
fbem-14878	89	40	these	these	DET
fbem-14878	89	41	countries	country	NOUN
fbem-14878	89	42	are	be	AUX
fbem-14878	89	43	located	locate	VERB
fbem-14878	89	44	in	in	ADP
fbem-14878	89	45	southeast	southeast	PROPN
fbem-14878	89	46	asia	asia	PROPN
fbem-14878	89	47	and	and	CCONJ
fbem-14878	89	48	other	other	ADJ
fbem-14878	89	49	regions	region	NOUN
fbem-14878	89	50	,	,	PUNCT
fbem-14878	89	51	and	and	CCONJ
fbem-14878	89	52	the	the	DET
fbem-14878	89	53	political	political	ADJ
fbem-14878	89	54	pattern	pattern	NOUN
fbem-14878	89	55	is	be	AUX
fbem-14878	89	56	not	not	PART
fbem-14878	89	57	stable	stable	ADJ
fbem-14878	89	58	enough	enough	ADV
fbem-14878	89	59	,	,	PUNCT
fbem-14878	89	60	which	which	PRON
fbem-14878	89	61	will	will	AUX
fbem-14878	89	62	also	also	ADV
fbem-14878	89	63	bring	bring	VERB
fbem-14878	89	64	political	political	ADJ
fbem-14878	89	65	risks	risk	NOUN
fbem-14878	89	66	to	to	ADP
fbem-14878	89	67	the	the	DET
fbem-14878	89	68	m&a	m&a	PROPN
fbem-14878	89	69	of	of	ADP
fbem-14878	89	70	chinese	chinese	ADJ
fbem-14878	89	71	aviation	aviation	NOUN
fbem-14878	89	72	enterprises	enterprise	NOUN
fbem-14878	89	73	.	.	PUNCT
fbem-14878	90	1	(	(	PUNCT
fbem-14878	90	2	3	3	X
fbem-14878	90	3	)	)	PUNCT
fbem-14878	90	4	financing	financing	NOUN
fbem-14878	90	5	risk	risk	NOUN
fbem-14878	90	6	.	.	PUNCT
fbem-14878	91	1	aviation	aviation	NOUN
fbem-14878	91	2	enterprises	enterprise	NOUN
fbem-14878	91	3	may	may	AUX
fbem-14878	91	4	encounter	encounter	VERB
fbem-14878	91	5	financing	financing	NOUN
fbem-14878	91	6	risks	risk	NOUN
fbem-14878	91	7	during	during	ADP
fbem-14878	91	8	cross	cross	ADJ
fbem-14878	91	9	-	-	ADJ
fbem-14878	91	10	border	border	ADJ
fbem-14878	91	11	mergers	merger	NOUN
fbem-14878	91	12	and	and	CCONJ
fbem-14878	91	13	acquisitions	acquisition	NOUN
fbem-14878	91	14	,	,	PUNCT
fbem-14878	91	15	while	while	SCONJ
fbem-14878	91	16	non	non	ADJ
fbem-14878	91	17	-	-	ADJ
fbem-14878	91	18	state	state	NOUN
fbem-14878	91	19	-	-	PUNCT
fbem-14878	91	20	owned	own	VERB
fbem-14878	91	21	enterprises	enterprise	NOUN
fbem-14878	91	22	may	may	AUX
fbem-14878	91	23	face	face	VERB
fbem-14878	91	24	relatively	relatively	ADV
fbem-14878	91	25	loose	loose	ADJ
fbem-14878	91	26	government	government	NOUN
fbem-14878	91	27	approvals	approval	NOUN
fbem-14878	91	28	during	during	ADP
fbem-14878	91	29	mergers	merger	NOUN
fbem-14878	91	30	and	and	CCONJ
fbem-14878	91	31	acquisitions	acquisition	NOUN
fbem-14878	91	32	.	.	PUNCT
fbem-14878	92	1	however	however	ADV
fbem-14878	92	2	,	,	PUNCT
fbem-14878	92	3	at	at	ADP
fbem-14878	92	4	the	the	DET
fbem-14878	92	5	same	same	ADJ
fbem-14878	92	6	time	time	NOUN
fbem-14878	92	7	,	,	PUNCT
fbem-14878	92	8	financing	financing	NOUN
fbem-14878	92	9	risks	risk	NOUN
fbem-14878	92	10	also	also	ADV
fbem-14878	92	11	increase	increase	VERB
fbem-14878	92	12	.	.	PUNCT
fbem-14878	93	1	without	without	ADP
fbem-14878	93	2	the	the	DET
fbem-14878	93	3	support	support	NOUN
fbem-14878	93	4	of	of	ADP
fbem-14878	93	5	national	national	ADJ
fbem-14878	93	6	funds	fund	NOUN
fbem-14878	93	7	,	,	PUNCT
fbem-14878	93	8	private	private	ADJ
fbem-14878	93	9	aviation	aviation	NOUN
fbem-14878	93	10	enterprises	enterprise	NOUN
fbem-14878	93	11	need	need	VERB
fbem-14878	93	12	to	to	PART
fbem-14878	93	13	choose	choose	VERB
fbem-14878	93	14	their	their	PRON
fbem-14878	93	15	own	own	ADJ
fbem-14878	93	16	financing	financing	NOUN
fbem-14878	93	17	channels	channel	NOUN
fbem-14878	93	18	,	,	PUNCT
fbem-14878	93	19	financing	finance	VERB
fbem-14878	93	20	through	through	ADP
fbem-14878	93	21	bonds	bond	NOUN
fbem-14878	93	22	,	,	PUNCT
fbem-14878	93	23	equity	equity	NOUN
fbem-14878	93	24	and	and	CCONJ
fbem-14878	93	25	other	other	ADJ
fbem-14878	93	26	means	mean	NOUN
fbem-14878	93	27	,	,	PUNCT
fbem-14878	93	28	which	which	PRON
fbem-14878	93	29	increases	increase	VERB
fbem-14878	93	30	the	the	DET
fbem-14878	93	31	financial	financial	ADJ
fbem-14878	93	32	burden	burden	NOUN
fbem-14878	93	33	of	of	ADP
fbem-14878	93	34	the	the	DET
fbem-14878	93	35	enterprise	enterprise	NOUN
fbem-14878	93	36	and	and	CCONJ
fbem-14878	93	37	has	have	VERB
fbem-14878	93	38	an	an	DET
fbem-14878	93	39	impact	impact	NOUN
fbem-14878	93	40	on	on	ADP
fbem-14878	93	41	the	the	DET
fbem-14878	93	42	success	success	NOUN
fbem-14878	93	43	of	of	ADP
fbem-14878	93	44	the	the	DET
fbem-14878	93	45	merger	merger	NOUN
fbem-14878	93	46	and	and	CCONJ
fbem-14878	93	47	acquisition	acquisition	NOUN
fbem-14878	93	48	.	.	PUNCT
fbem-14878	94	1	for	for	ADP
fbem-14878	94	2	example	example	NOUN
fbem-14878	94	3	,	,	PUNCT
fbem-14878	94	4	the	the	DET
fbem-14878	94	5	asset	asset	NOUN
fbem-14878	94	6	liability	liability	NOUN
fbem-14878	94	7	ratio	ratio	NOUN
fbem-14878	94	8	of	of	ADP
fbem-14878	94	9	china	china	PROPN
fbem-14878	94	10	eastern	eastern	PROPN
fbem-14878	94	11	airlines	airline	NOUN
fbem-14878	94	12	has	have	AUX
fbem-14878	94	13	been	be	AUX
fbem-14878	94	14	gradually	gradually	ADV
fbem-14878	94	15	decreasing	decrease	VERB
fbem-14878	94	16	from	from	ADP
fbem-14878	94	17	81.97	81.97	NUM
fbem-14878	94	18	%	%	NOUN
fbem-14878	94	19	in	in	ADP
fbem-14878	94	20	2014	2014	NUM
fbem-14878	94	21	to	to	ADP
fbem-14878	94	22	75.15	75.15	NUM
fbem-14878	94	23	%	%	NOUN
fbem-14878	94	24	in	in	ADP
fbem-14878	94	25	2017	2017	NUM
fbem-14878	94	26	,	,	PUNCT
fbem-14878	94	27	but	but	CCONJ
fbem-14878	94	28	still	still	ADV
fbem-14878	94	29	above	above	ADP
fbem-14878	94	30	70	70	NUM
fbem-14878	94	31	%	%	NOUN
fbem-14878	94	32	in	in	ADP
fbem-14878	94	33	the	the	DET
fbem-14878	94	34	past	past	ADJ
fbem-14878	94	35	four	four	NUM
fbem-14878	94	36	years	year	NOUN
fbem-14878	94	37	.	.	PUNCT
fbem-14878	95	1	an	an	DET
fbem-14878	95	2	excessively	excessively	ADV
fbem-14878	95	3	high	high	ADJ
fbem-14878	95	4	debt	debt	NOUN
fbem-14878	95	5	to	to	ADP
fbem-14878	95	6	asset	asset	NOUN
fbem-14878	95	7	ratio	ratio	NOUN
fbem-14878	95	8	indicates	indicate	VERB
fbem-14878	95	9	that	that	SCONJ
fbem-14878	95	10	a	a	DET
fbem-14878	95	11	company	company	NOUN
fbem-14878	95	12	is	be	AUX
fbem-14878	95	13	bearing	bear	VERB
fbem-14878	95	14	significant	significant	ADJ
fbem-14878	95	15	financial	financial	ADJ
fbem-14878	95	16	risks	risk	NOUN
fbem-14878	95	17	,	,	PUNCT
fbem-14878	95	18	reducing	reduce	VERB
fbem-14878	95	19	its	its	PRON
fbem-14878	95	20	short	short	ADJ
fbem-14878	95	21	-	-	PUNCT
fbem-14878	95	22	term	term	NOUN
fbem-14878	95	23	solvency	solvency	NOUN
fbem-14878	95	24	and	and	CCONJ
fbem-14878	95	25	affecting	affect	VERB
fbem-14878	95	26	the	the	DET
fbem-14878	95	27	conduct	conduct	NOUN
fbem-14878	95	28	of	of	ADP
fbem-14878	95	29	cross	cross	ADJ
fbem-14878	95	30	-	-	ADJ
fbem-14878	95	31	border	border	ADJ
fbem-14878	95	32	m&a	m&a	PROPN
fbem-14878	95	33	transactions	transaction	NOUN
fbem-14878	95	34	.	.	PUNCT
fbem-14878	96	1	after	after	SCONJ
fbem-14878	96	2	junyao	junyao	PROPN
fbem-14878	96	3	group	group	PROPN
fbem-14878	96	4	acquired	acquire	VERB
fbem-14878	96	5	okai	okai	PROPN
fbem-14878	96	6	airlines	airline	NOUN
fbem-14878	96	7	in	in	ADP
fbem-14878	96	8	2006	2006	NUM
fbem-14878	96	9	,	,	PUNCT
fbem-14878	96	10	there	there	PRON
fbem-14878	96	11	were	be	VERB
fbem-14878	96	12	problems	problem	NOUN
fbem-14878	96	13	with	with	ADP
fbem-14878	96	14	the	the	DET
fbem-14878	96	15	funding	funding	NOUN
fbem-14878	96	16	chain	chain	NOUN
fbem-14878	96	17	and	and	CCONJ
fbem-14878	96	18	high	high	ADJ
fbem-14878	96	19	debts	debt	NOUN
fbem-14878	96	20	,	,	PUNCT
fbem-14878	96	21	resulting	result	VERB
fbem-14878	96	22	in	in	ADP
fbem-14878	96	23	operating	operating	NOUN
fbem-14878	96	24	losses	loss	NOUN
fbem-14878	96	25	for	for	ADP
fbem-14878	96	26	the	the	DET
fbem-14878	96	27	company	company	NOUN
fbem-14878	96	28	.	.	PUNCT
fbem-14878	97	1	eventually	eventually	ADV
fbem-14878	97	2	,	,	PUNCT
fbem-14878	97	3	it	it	PRON
fbem-14878	97	4	was	be	AUX
fbem-14878	97	5	acquired	acquire	VERB
fbem-14878	97	6	by	by	ADP
fbem-14878	97	7	datian	datian	PROPN
fbem-14878	97	8	group	group	NOUN
fbem-14878	97	9	.	.	PUNCT
fbem-14878	98	1	3	3	X
fbem-14878	98	2	.	.	X
fbem-14878	98	3	analysis	analysis	NOUN
fbem-14878	98	4	of	of	ADP
fbem-14878	98	5	cross	cross	ADJ
fbem-14878	98	6	border	border	NOUN
fbem-14878	98	7	mergers	merger	NOUN
fbem-14878	98	8	and	and	CCONJ
fbem-14878	98	9	acquisitions	acquisition	NOUN
fbem-14878	98	10	of	of	ADP
fbem-14878	98	11	aviation	aviation	NOUN
fbem-14878	98	12	group	group	NOUN
fbem-14878	98	13	3.1	3.1	NUM
fbem-14878	98	14	.	.	PUNCT
fbem-14878	98	15	introduction	introduction	NOUN
fbem-14878	98	16	to	to	ADP
fbem-14878	98	17	hna	hna	PROPN
fbem-14878	98	18	's	's	PART
fbem-14878	98	19	cross	cross	NOUN
fbem-14878	98	20	border	border	NOUN
fbem-14878	98	21	mergers	merger	NOUN
fbem-14878	98	22	and	and	CCONJ
fbem-14878	98	23	acquisitions	acquisition	NOUN
fbem-14878	98	24	hainan	hainan	PROPN
fbem-14878	98	25	airlines	airlines	PROPN
fbem-14878	98	26	has	have	AUX
fbem-14878	98	27	engaged	engage	VERB
fbem-14878	98	28	in	in	ADP
fbem-14878	98	29	a	a	DET
fbem-14878	98	30	series	series	NOUN
fbem-14878	98	31	of	of	ADP
fbem-14878	98	32	mergers	merger	NOUN
fbem-14878	98	33	and	and	CCONJ
fbem-14878	98	34	acquisitions	acquisition	NOUN
fbem-14878	98	35	in	in	ADP
fbem-14878	98	36	recent	recent	ADJ
fbem-14878	98	37	years	year	NOUN
fbem-14878	98	38	,	,	PUNCT
fbem-14878	98	39	covering	cover	VERB
fbem-14878	98	40	various	various	ADJ
fbem-14878	98	41	aspects	aspect	NOUN
fbem-14878	98	42	such	such	ADJ
fbem-14878	98	43	as	as	ADP
fbem-14878	98	44	aviation	aviation	NOUN
fbem-14878	98	45	,	,	PUNCT
fbem-14878	98	46	logistics	logistic	NOUN
fbem-14878	98	47	,	,	PUNCT
fbem-14878	98	48	catering	catering	NOUN
fbem-14878	98	49	,	,	PUNCT
fbem-14878	98	50	and	and	CCONJ
fbem-14878	98	51	it	it	PRON
fbem-14878	98	52	.	.	PUNCT
fbem-14878	99	1	in	in	ADP
fbem-14878	99	2	the	the	DET
fbem-14878	99	3	process	process	NOUN
fbem-14878	99	4	of	of	ADP
fbem-14878	99	5	mergers	merger	NOUN
fbem-14878	99	6	and	and	CCONJ
fbem-14878	99	7	acquisitions	acquisition	NOUN
fbem-14878	99	8	,	,	PUNCT
fbem-14878	99	9	hainan	hainan	PROPN
fbem-14878	99	10	airlines	airlines	PROPN
fbem-14878	99	11	is	be	AUX
fbem-14878	99	12	adept	adept	ADJ
fbem-14878	99	13	at	at	ADP
fbem-14878	99	14	using	use	VERB
fbem-14878	99	15	capital	capital	NOUN
fbem-14878	99	16	operations	operation	NOUN
fbem-14878	99	17	,	,	PUNCT
fbem-14878	99	18	transforming	transform	VERB
fbem-14878	99	19	from	from	ADP
fbem-14878	99	20	a	a	DET
fbem-14878	99	21	company	company	NOUN
fbem-14878	99	22	starting	start	VERB
fbem-14878	99	23	at	at	ADP
fbem-14878	99	24	10	10	NUM
fbem-14878	99	25	million	million	NUM
fbem-14878	99	26	yuan	yuan	NOUN
fbem-14878	99	27	to	to	ADP
fbem-14878	99	28	a	a	DET
fbem-14878	99	29	huge	huge	ADJ
fbem-14878	99	30	group	group	NOUN
fbem-14878	99	31	.	.	PUNCT
fbem-14878	100	1	each	each	DET
fbem-14878	100	2	merger	merger	NOUN
fbem-14878	100	3	and	and	CCONJ
fbem-14878	100	4	acquisition	acquisition	NOUN
fbem-14878	100	5	activity	activity	NOUN
fbem-14878	100	6	highlights	highlight	NOUN
fbem-14878	100	7	hainan	hainan	PROPN
fbem-14878	100	8	airlines	airlines	PROPN
fbem-14878	100	9	'	'	PART
fbem-14878	100	10	strength	strength	NOUN
fbem-14878	100	11	in	in	ADP
fbem-14878	100	12	cross	cross	ADJ
fbem-14878	100	13	-	-	ADJ
fbem-14878	100	14	border	border	ADJ
fbem-14878	100	15	mergers	merger	NOUN
fbem-14878	100	16	and	and	CCONJ
fbem-14878	100	17	acquisitions	acquisition	NOUN
fbem-14878	100	18	.	.	PUNCT
fbem-14878	101	1	hainan	hainan	PROPN
fbem-14878	101	2	airlines	airlines	PROPN
fbem-14878	101	3	'	'	PART
fbem-14878	101	4	successful	successful	ADJ
fbem-14878	101	5	mergers	merger	NOUN
fbem-14878	101	6	and	and	CCONJ
fbem-14878	101	7	acquisitions	acquisition	NOUN
fbem-14878	101	8	provide	provide	VERB
fbem-14878	101	9	experience	experience	NOUN
fbem-14878	101	10	for	for	ADP
fbem-14878	101	11	chinese	chinese	ADJ
fbem-14878	101	12	enterprises	enterprise	NOUN
fbem-14878	101	13	to	to	PART
fbem-14878	101	14	carry	carry	VERB
fbem-14878	101	15	out	out	ADP
fbem-14878	101	16	cross	cross	ADJ
fbem-14878	101	17	-	-	ADJ
fbem-14878	101	18	border	border	ADJ
fbem-14878	101	19	mergers	merger	NOUN
fbem-14878	101	20	and	and	CCONJ
fbem-14878	101	21	acquisitions	acquisition	NOUN
fbem-14878	101	22	.	.	PUNCT
fbem-14878	102	1	3.2	3.2	NUM
fbem-14878	102	2	.	.	PUNCT
fbem-14878	102	3	analysis	analysis	NOUN
fbem-14878	102	4	of	of	ADP
fbem-14878	102	5	hna	hna	PROPN
fbem-14878	102	6	's	's	PART
fbem-14878	102	7	acquisition	acquisition	NOUN
fbem-14878	102	8	of	of	ADP
fbem-14878	102	9	avolon	avolon	PROPN
fbem-14878	102	10	case	case	PROPN
fbem-14878	102	11	bohai	bohai	NOUN
fbem-14878	102	12	leasing	leasing	NOUN
fbem-14878	102	13	applied	apply	VERB
fbem-14878	102	14	for	for	ADP
fbem-14878	102	15	suspension	suspension	NOUN
fbem-14878	102	16	of	of	ADP
fbem-14878	102	17	trading	trading	NOUN
fbem-14878	102	18	from	from	ADP
fbem-14878	102	19	july	july	PROPN
fbem-14878	102	20	7	7	NUM
fbem-14878	102	21	,	,	PUNCT
fbem-14878	102	22	2015	2015	NUM
fbem-14878	102	23	in	in	ADP
fbem-14878	102	24	order	order	NOUN
fbem-14878	102	25	to	to	PART
fbem-14878	102	26	acquire	acquire	VERB
fbem-14878	102	27	avolon	avolon	NOUN
fbem-14878	102	28	company	company	NOUN
fbem-14878	102	29	.	.	PUNCT
fbem-14878	103	1	on	on	ADP
fbem-14878	103	2	july	july	PROPN
fbem-14878	103	3	14	14	NUM
fbem-14878	103	4	,	,	PUNCT
fbem-14878	103	5	2015	2015	NUM
fbem-14878	103	6	,	,	PUNCT
fbem-14878	103	7	bohai	bohai	NOUN
fbem-14878	103	8	leasing	leasing	NOUN
fbem-14878	103	9	reached	reach	VERB
fbem-14878	103	10	a	a	DET
fbem-14878	103	11	preliminary	preliminary	ADJ
fbem-14878	103	12	agreement	agreement	NOUN
fbem-14878	103	13	with	with	ADP
fbem-14878	103	14	its	its	PRON
fbem-14878	103	15	subsidiary	subsidiary	ADJ
fbem-14878	103	16	gal	gal	ADJ
fbem-14878	103	17	company	company	NOUN
fbem-14878	103	18	and	and	CCONJ
fbem-14878	103	19	avolon	avolon	PROPN
fbem-14878	103	20	and	and	CCONJ
fbem-14878	103	21	its	its	PRON
fbem-14878	103	22	major	major	ADJ
fbem-14878	103	23	shareholders	shareholder	NOUN
fbem-14878	103	24	to	to	PART
fbem-14878	103	25	acquire	acquire	VERB
fbem-14878	103	26	a	a	DET
fbem-14878	103	27	20	20	NUM
fbem-14878	103	28	%	%	NOUN
fbem-14878	103	29	equity	equity	NOUN
fbem-14878	103	30	stake	stake	NOUN
fbem-14878	103	31	in	in	ADP
fbem-14878	103	32	avolon	avolon	PROPN
fbem-14878	103	33	.	.	PUNCT
fbem-14878	104	1	on	on	ADP
fbem-14878	104	2	july	july	PROPN
fbem-14878	104	3	14	14	NUM
fbem-14878	104	4	,	,	PUNCT
fbem-14878	104	5	the	the	DET
fbem-14878	104	6	two	two	NUM
fbem-14878	104	7	parties	party	NOUN
fbem-14878	104	8	had	have	AUX
fbem-14878	104	9	reached	reach	VERB
fbem-14878	104	10	a	a	DET
fbem-14878	104	11	preliminary	preliminary	ADJ
fbem-14878	104	12	intention	intention	NOUN
fbem-14878	104	13	,	,	PUNCT
fbem-14878	104	14	and	and	CCONJ
fbem-14878	104	15	after	after	ADP
fbem-14878	104	16	application	application	NOUN
fbem-14878	104	17	,	,	PUNCT
fbem-14878	104	18	the	the	DET
fbem-14878	104	19	company	company	NOUN
fbem-14878	104	20	's	's	PART
fbem-14878	104	21	stock	stock	NOUN
fbem-14878	104	22	began	begin	VERB
fbem-14878	104	23	trading	trade	VERB
fbem-14878	104	24	again	again	ADV
fbem-14878	104	25	from	from	ADP
fbem-14878	104	26	that	that	DET
fbem-14878	104	27	day	day	NOUN
fbem-14878	104	28	.	.	PUNCT
fbem-14878	105	1	however	however	ADV
fbem-14878	105	2	,	,	PUNCT
fbem-14878	105	3	after	after	SCONJ
fbem-14878	105	4	bohai	bohai	NOUN
fbem-14878	105	5	leasing	leasing	NOUN
fbem-14878	105	6	announced	announce	VERB
fbem-14878	105	7	the	the	DET
fbem-14878	105	8	acquisition	acquisition	NOUN
fbem-14878	105	9	of	of	ADP
fbem-14878	105	10	20	20	NUM
fbem-14878	105	11	%	%	NOUN
fbem-14878	105	12	equity	equity	NOUN
fbem-14878	105	13	in	in	ADP
fbem-14878	105	14	avolon	avolon	PROPN
fbem-14878	105	15	,	,	PUNCT
fbem-14878	105	16	avolon	avolon	PROPN
fbem-14878	105	17	received	receive	VERB
fbem-14878	105	18	an	an	DET
fbem-14878	105	19	invitation	invitation	NOUN
fbem-14878	105	20	from	from	ADP
fbem-14878	105	21	a	a	DET
fbem-14878	105	22	third	third	ADJ
fbem-14878	105	23	party	party	NOUN
fbem-14878	105	24	to	to	PART
fbem-14878	105	25	acquire	acquire	VERB
fbem-14878	105	26	100	100	NUM
fbem-14878	105	27	%	%	NOUN
fbem-14878	105	28	of	of	ADP
fbem-14878	105	29	its	its	PRON
fbem-14878	105	30	equity	equity	NOUN
fbem-14878	105	31	,	,	PUNCT
fbem-14878	105	32	which	which	PRON
fbem-14878	105	33	disrupted	disrupt	VERB
fbem-14878	105	34	bohai	bohai	NOUN
fbem-14878	105	35	leasing	leasing	NOUN
fbem-14878	105	36	's	's	PART
fbem-14878	105	37	acquisition	acquisition	NOUN
fbem-14878	105	38	plan	plan	NOUN
fbem-14878	105	39	for	for	ADP
fbem-14878	105	40	avolon	avolon	NOUN
fbem-14878	105	41	.	.	PUNCT
fbem-14878	106	1	on	on	ADP
fbem-14878	106	2	august	august	PROPN
fbem-14878	106	3	1	1	NUM
fbem-14878	106	4	,	,	PUNCT
fbem-14878	106	5	2015	2015	NUM
fbem-14878	106	6	,	,	PUNCT
fbem-14878	106	7	bohai	bohai	NOUN
fbem-14878	106	8	leasing	leasing	NOUN
fbem-14878	106	9	conducted	conduct	VERB
fbem-14878	106	10	a	a	DET
fbem-14878	106	11	detailed	detailed	ADJ
fbem-14878	106	12	investigation	investigation	NOUN
fbem-14878	106	13	into	into	ADP
fbem-14878	106	14	the	the	DET
fbem-14878	106	15	market	market	NOUN
fbem-14878	106	16	operation	operation	NOUN
fbem-14878	106	17	and	and	CCONJ
fbem-14878	106	18	a	a	DET
fbem-14878	106	19	comprehensive	comprehensive	ADJ
fbem-14878	106	20	analysis	analysis	NOUN
fbem-14878	106	21	of	of	ADP
fbem-14878	106	22	avolon	avolon	NOUN
fbem-14878	106	23	's	's	PART
fbem-14878	106	24	business	business	NOUN
fbem-14878	106	25	situation	situation	NOUN
fbem-14878	106	26	and	and	CCONJ
fbem-14878	106	27	market	market	NOUN
fbem-14878	106	28	share	share	NOUN
fbem-14878	106	29	,	,	PUNCT
fbem-14878	106	30	and	and	CCONJ
fbem-14878	106	31	issued	issue	VERB
fbem-14878	106	32	an	an	DET
fbem-14878	106	33	invitation	invitation	NOUN
fbem-14878	106	34	to	to	PART
fbem-14878	106	35	acquire	acquire	VERB
fbem-14878	106	36	its	its	PRON
fbem-14878	106	37	100	100	NUM
fbem-14878	106	38	%	%	NOUN
fbem-14878	106	39	equity	equity	NOUN
fbem-14878	106	40	to	to	ADP
fbem-14878	106	41	avolon	avolon	PROPN
fbem-14878	106	42	,	,	PUNCT
fbem-14878	106	43	and	and	CCONJ
fbem-14878	106	44	submitted	submit	VERB
fbem-14878	106	45	a	a	DET
fbem-14878	106	46	non	non	X
fbem-14878	106	47	binding	bind	VERB
fbem-14878	106	48	quotation	quotation	NOUN
fbem-14878	106	49	.	.	PUNCT
fbem-14878	107	1	on	on	ADP
fbem-14878	107	2	october	october	PROPN
fbem-14878	107	3	29th	29th	NOUN
fbem-14878	107	4	,	,	PUNCT
fbem-14878	107	5	bohai	bohai	PROPN
fbem-14878	107	6	leasing	leasing	PROPN
fbem-14878	107	7	co.	co.	PROPN
fbem-14878	107	8	,	,	PUNCT
fbem-14878	107	9	ltd	ltd	PROPN
fbem-14878	107	10	.	.	PROPN
fbem-14878	107	11	held	hold	VERB
fbem-14878	107	12	the	the	DET
fbem-14878	107	13	5th	5th	ADJ
fbem-14878	107	14	meeting	meeting	NOUN
fbem-14878	107	15	of	of	ADP
fbem-14878	107	16	the	the	DET
fbem-14878	107	17	8th	8th	ADJ
fbem-14878	107	18	board	board	NOUN
fbem-14878	107	19	of	of	ADP
fbem-14878	107	20	directors	director	NOUN
fbem-14878	107	21	,	,	PUNCT
fbem-14878	107	22	which	which	PRON
fbem-14878	107	23	agreed	agree	VERB
fbem-14878	107	24	to	to	ADP
fbem-14878	107	25	the	the	DET
fbem-14878	107	26	company	company	NOUN
fbem-14878	107	27	's	's	PART
fbem-14878	107	28	acquisition	acquisition	NOUN
fbem-14878	107	29	of	of	ADP
fbem-14878	107	30	100	100	NUM
fbem-14878	107	31	%	%	NOUN
fbem-14878	107	32	equity	equity	NOUN
fbem-14878	107	33	of	of	ADP
fbem-14878	107	34	avolon	avolon	PROPN
fbem-14878	107	35	holdings	holding	NOUN
fbem-14878	107	36	limited	limit	VERB
fbem-14878	107	37	through	through	ADP
fbem-14878	107	38	its	its	PRON
fbem-14878	107	39	wholly	wholly	ADV
fbem-14878	107	40	-	-	PUNCT
fbem-14878	107	41	owned	own	VERB
fbem-14878	107	42	subsidiary	subsidiary	NOUN
fbem-14878	107	43	marine	marine	PROPN
fbem-14878	107	44	acquisition	acquisition	PROPN
fbem-14878	107	45	ltd	ltd	PROPN
fbem-14878	107	46	.	.	PROPN
fbem-14878	107	47	through	through	ADP
fbem-14878	107	48	a	a	DET
fbem-14878	107	49	merger	merger	NOUN
fbem-14878	107	50	,	,	PUNCT
fbem-14878	107	51	and	and	CCONJ
fbem-14878	107	52	allowed	allow	VERB
fbem-14878	107	53	the	the	DET
fbem-14878	107	54	company	company	NOUN
fbem-14878	107	55	and	and	CCONJ
fbem-14878	107	56	its	its	PRON
fbem-14878	107	57	wholly	wholly	ADV
fbem-14878	107	58	-	-	PUNCT
fbem-14878	107	59	owned	own	VERB
fbem-14878	107	60	subsidiaries	subsidiary	NOUN
fbem-14878	107	61	to	to	PART
fbem-14878	107	62	obtain	obtain	VERB
fbem-14878	107	63	loans	loan	NOUN
fbem-14878	107	64	from	from	ADP
fbem-14878	107	65	relevant	relevant	ADJ
fbem-14878	107	66	financial	financial	ADJ
fbem-14878	107	67	institutions	institution	NOUN
fbem-14878	107	68	to	to	PART
fbem-14878	107	69	pay	pay	VERB
fbem-14878	107	70	the	the	DET
fbem-14878	107	71	purchase	purchase	NOUN
fbem-14878	107	72	price	price	NOUN
fbem-14878	107	73	.	.	PUNCT
fbem-14878	108	1	3.3	3.3	NUM
fbem-14878	108	2	.	.	PUNCT
fbem-14878	108	3	reasons	reason	NOUN
fbem-14878	108	4	for	for	ADP
fbem-14878	108	5	hna	hna	PROPN
fbem-14878	108	6	's	's	PART
fbem-14878	108	7	cross	cross	NOUN
fbem-14878	108	8	border	border	NOUN
fbem-14878	108	9	mergers	merger	NOUN
fbem-14878	108	10	and	and	CCONJ
fbem-14878	108	11	acquisitions	acquisition	NOUN
fbem-14878	108	12	3.3.1	3.3.1	NUM
fbem-14878	108	13	.	.	PUNCT
fbem-14878	109	1	internal	internal	ADJ
fbem-14878	109	2	reasons	reason	NOUN
fbem-14878	109	3	of	of	ADP
fbem-14878	109	4	the	the	DET
fbem-14878	109	5	enterprise	enterprise	NOUN
fbem-14878	109	6	(	(	PUNCT
fbem-14878	109	7	1	1	X
fbem-14878	109	8	)	)	PUNCT
fbem-14878	109	9	enterprise	enterprise	NOUN
fbem-14878	109	10	strategic	strategic	ADJ
fbem-14878	109	11	planning	planning	NOUN
fbem-14878	109	12	factors	factor	NOUN
fbem-14878	109	13	.	.	PUNCT
fbem-14878	110	1	after	after	ADP
fbem-14878	110	2	more	more	ADJ
fbem-14878	110	3	than	than	ADP
fbem-14878	110	4	a	a	DET
fbem-14878	110	5	decade	decade	NOUN
fbem-14878	110	6	of	of	ADP
fbem-14878	110	7	development	development	NOUN
fbem-14878	110	8	,	,	PUNCT
fbem-14878	110	9	hainan	hainan	PROPN
fbem-14878	110	10	airlines	airlines	PROPN
fbem-14878	110	11	has	have	AUX
fbem-14878	110	12	become	become	VERB
fbem-14878	110	13	an	an	DET
fbem-14878	110	14	international	international	ADJ
fbem-14878	110	15	group	group	NOUN
fbem-14878	110	16	spanning	span	VERB
fbem-14878	110	17	industries	industry	NOUN
fbem-14878	110	18	such	such	ADJ
fbem-14878	110	19	as	as	ADP
fbem-14878	110	20	transportation	transportation	NOUN
fbem-14878	110	21	,	,	PUNCT
fbem-14878	110	22	tourism	tourism	NOUN
fbem-14878	110	23	,	,	PUNCT
fbem-14878	110	24	leasing	leasing	NOUN
fbem-14878	110	25	,	,	PUNCT
fbem-14878	110	26	and	and	CCONJ
fbem-14878	110	27	hotels	hotel	NOUN
fbem-14878	110	28	.	.	PUNCT
fbem-14878	111	1	as	as	ADP
fbem-14878	111	2	an	an	DET
fbem-14878	111	3	aircraft	aircraft	NOUN
fbem-14878	111	4	leasing	lease	VERB
fbem-14878	111	5	company	company	NOUN
fbem-14878	111	6	,	,	PUNCT
fbem-14878	111	7	avolon	avolon	PROPN
fbem-14878	111	8	holds	hold	VERB
fbem-14878	111	9	a	a	DET
fbem-14878	111	10	very	very	ADV
fbem-14878	111	11	important	important	ADJ
fbem-14878	111	12	strategic	strategic	ADJ
fbem-14878	111	13	position	position	NOUN
fbem-14878	111	14	for	for	SCONJ
fbem-14878	111	15	hainan	hainan	PROPN
fbem-14878	111	16	airlines	airline	NOUN
fbem-14878	111	17	to	to	PART
fbem-14878	111	18	expand	expand	VERB
fbem-14878	111	19	its	its	PRON
fbem-14878	111	20	business	business	NOUN
fbem-14878	111	21	scope	scope	NOUN
fbem-14878	111	22	and	and	CCONJ
fbem-14878	111	23	enter	enter	VERB
fbem-14878	111	24	overseas	overseas	ADJ
fbem-14878	111	25	markets	market	NOUN
fbem-14878	111	26	.	.	PUNCT
fbem-14878	112	1	as	as	ADP
fbem-14878	112	2	of	of	ADP
fbem-14878	112	3	2016	2016	NUM
fbem-14878	112	4	,	,	PUNCT
fbem-14878	112	5	there	there	PRON
fbem-14878	112	6	were	be	VERB
fbem-14878	112	7	no	no	DET
fbem-14878	112	8	direct	direct	ADJ
fbem-14878	112	9	flight	flight	NOUN
fbem-14878	112	10	routes	route	NOUN
fbem-14878	112	11	to	to	ADP
fbem-14878	112	12	ireland	ireland	VERB
fbem-14878	112	13	for	for	ADP
fbem-14878	112	14	domestic	domestic	ADJ
fbem-14878	112	15	airlines	airline	NOUN
fbem-14878	112	16	in	in	ADP
fbem-14878	112	17	china	china	PROPN
fbem-14878	112	18	.	.	PUNCT
fbem-14878	113	1	however	however	ADV
fbem-14878	113	2	,	,	PUNCT
fbem-14878	113	3	the	the	DET
fbem-14878	113	4	uk	uk	PROPN
fbem-14878	113	5	is	be	AUX
fbem-14878	113	6	one	one	NUM
fbem-14878	113	7	of	of	ADP
fbem-14878	113	8	the	the	DET
fbem-14878	113	9	world	world	NOUN
fbem-14878	113	10	's	's	PART
fbem-14878	113	11	popular	popular	ADJ
fbem-14878	113	12	tourist	tourist	NOUN
fbem-14878	113	13	destinations	destination	NOUN
fbem-14878	113	14	and	and	CCONJ
fbem-14878	113	15	has	have	AUX
fbem-14878	113	16	always	always	ADV
fbem-14878	113	17	been	be	AUX
fbem-14878	113	18	in	in	ADP
fbem-14878	113	19	a	a	DET
fbem-14878	113	20	leading	lead	VERB
fbem-14878	113	21	position	position	NOUN
fbem-14878	113	22	in	in	ADP
fbem-14878	113	23	ticket	ticket	NOUN
fbem-14878	113	24	and	and	CCONJ
fbem-14878	113	25	hotel	hotel	NOUN
fbem-14878	113	26	sales	sale	NOUN
fbem-14878	113	27	.	.	PUNCT
fbem-14878	114	1	hna	hna	PROPN
fbem-14878	114	2	's	's	PART
fbem-14878	114	3	choice	choice	NOUN
fbem-14878	114	4	to	to	PART
fbem-14878	114	5	acquire	acquire	VERB
fbem-14878	114	6	avolon	avolon	NOUN
fbem-14878	114	7	is	be	AUX
fbem-14878	114	8	beneficial	beneficial	ADJ
fbem-14878	114	9	for	for	SCONJ
fbem-14878	114	10	the	the	DET
fbem-14878	114	11	company	company	NOUN
fbem-14878	114	12	to	to	PART
fbem-14878	114	13	explore	explore	VERB
fbem-14878	114	14	new	new	ADJ
fbem-14878	114	15	routes	route	NOUN
fbem-14878	114	16	,	,	PUNCT
fbem-14878	114	17	gain	gain	VERB
fbem-14878	114	18	new	new	ADJ
fbem-14878	114	19	markets	market	NOUN
fbem-14878	114	20	,	,	PUNCT
fbem-14878	114	21	and	and	CCONJ
fbem-14878	114	22	increase	increase	VERB
fbem-14878	114	23	the	the	DET
fbem-14878	114	24	number	number	NOUN
fbem-14878	114	25	of	of	ADP
fbem-14878	114	26	orders	order	NOUN
fbem-14878	114	27	.	.	PUNCT
fbem-14878	115	1	at	at	ADP
fbem-14878	115	2	the	the	DET
fbem-14878	115	3	same	same	ADJ
fbem-14878	115	4	time	time	NOUN
fbem-14878	115	5	,	,	PUNCT
fbem-14878	115	6	the	the	DET
fbem-14878	115	7	acquisition	acquisition	NOUN
fbem-14878	115	8	of	of	ADP
fbem-14878	115	9	avolon	avolon	NOUN
fbem-14878	115	10	is	be	AUX
fbem-14878	115	11	also	also	ADV
fbem-14878	115	12	an	an	DET
fbem-14878	115	13	important	important	ADJ
fbem-14878	115	14	step	step	NOUN
fbem-14878	115	15	for	for	SCONJ
fbem-14878	115	16	hna	hna	PROPN
fbem-14878	115	17	to	to	PART
fbem-14878	115	18	enter	enter	VERB
fbem-14878	115	19	the	the	DET
fbem-14878	115	20	european	european	ADJ
fbem-14878	115	21	market	market	NOUN
fbem-14878	115	22	.	.	PUNCT
fbem-14878	116	1	(	(	PUNCT
fbem-14878	116	2	2	2	X
fbem-14878	116	3	)	)	PUNCT
fbem-14878	116	4	financial	financial	ADJ
fbem-14878	116	5	synergy	synergy	NOUN
fbem-14878	116	6	factors	factor	NOUN
fbem-14878	116	7	.	.	PUNCT
fbem-14878	117	1	hainan	hainan	PROPN
fbem-14878	117	2	airlines	airlines	PROPN
fbem-14878	117	3	has	have	AUX
fbem-14878	117	4	always	always	ADV
fbem-14878	117	5	made	make	VERB
fbem-14878	117	6	good	good	ADJ
fbem-14878	117	7	use	use	NOUN
fbem-14878	117	8	of	of	ADP
fbem-14878	117	9	financial	financial	ADJ
fbem-14878	117	10	leverage	leverage	NOUN
fbem-14878	117	11	in	in	ADP
fbem-14878	117	12	its	its	PRON
fbem-14878	117	13	business	business	NOUN
fbem-14878	117	14	process	process	NOUN
fbem-14878	117	15	.	.	PUNCT
fbem-14878	118	1	with	with	ADP
fbem-14878	118	2	eight	eight	NUM
fbem-14878	118	3	listed	list	VERB
fbem-14878	118	4	companies	company	NOUN
fbem-14878	118	5	,	,	PUNCT
fbem-14878	118	6	hainan	hainan	PROPN
fbem-14878	118	7	airlines	airlines	PROPN
fbem-14878	118	8	has	have	AUX
fbem-14878	118	9	completed	complete	VERB
fbem-14878	118	10	its	its	PRON
fbem-14878	118	11	own	own	ADJ
fbem-14878	118	12	capital	capital	NOUN
fbem-14878	118	13	increase	increase	NOUN
fbem-14878	118	14	through	through	ADP
fbem-14878	118	15	capital	capital	NOUN
fbem-14878	118	16	operations	operation	NOUN
fbem-14878	118	17	in	in	ADP
fbem-14878	118	18	the	the	DET
fbem-14878	118	19	real	real	ADJ
fbem-14878	118	20	estate	estate	NOUN
fbem-14878	118	21	sector	sector	NOUN
fbem-14878	118	22	.	.	PUNCT
fbem-14878	119	1	its	its	PRON
fbem-14878	119	2	huge	huge	ADJ
fbem-14878	119	3	land	land	NOUN
fbem-14878	119	4	reserves	reserve	NOUN
fbem-14878	119	5	have	have	AUX
fbem-14878	119	6	enabled	enable	VERB
fbem-14878	119	7	hainan	hainan	PROPN
fbem-14878	119	8	airlines	airline	NOUN
fbem-14878	119	9	to	to	PART
fbem-14878	119	10	establish	establish	VERB
fbem-14878	119	11	a	a	DET
fbem-14878	119	12	high	high	ADJ
fbem-14878	119	13	-	-	PUNCT
fbem-14878	119	14	quality	quality	NOUN
fbem-14878	119	15	financing	financing	NOUN
fbem-14878	119	16	platform	platform	NOUN
fbem-14878	119	17	.	.	PUNCT
fbem-14878	120	1	at	at	ADP
fbem-14878	120	2	the	the	DET
fbem-14878	120	3	same	same	ADJ
fbem-14878	120	4	time	time	NOUN
fbem-14878	120	5	,	,	PUNCT
fbem-14878	120	6	the	the	DET
fbem-14878	120	7	company	company	NOUN
fbem-14878	120	8	's	's	PART
fbem-14878	120	9	internal	internal	ADJ
fbem-14878	120	10	asset	asset	NOUN
fbem-14878	120	11	liability	liability	NOUN
fbem-14878	120	12	ratio	ratio	NOUN
fbem-14878	120	13	is	be	AUX
fbem-14878	120	14	relatively	relatively	ADV
fbem-14878	120	15	high	high	ADJ
fbem-14878	120	16	compared	compare	VERB
fbem-14878	120	17	to	to	ADP
fbem-14878	120	18	its	its	PRON
fbem-14878	120	19	peers	peer	NOUN
fbem-14878	120	20	.	.	PUNCT
fbem-14878	121	1	in	in	ADP
fbem-14878	121	2	order	order	NOUN
fbem-14878	121	3	to	to	PART
fbem-14878	121	4	meet	meet	VERB
fbem-14878	121	5	the	the	DET
fbem-14878	121	6	company	company	NOUN
fbem-14878	121	7	's	's	PART
fbem-14878	121	8	goal	goal	NOUN
fbem-14878	121	9	of	of	ADP
fbem-14878	121	10	continued	continue	VERB
fbem-14878	121	11	development	development	NOUN
fbem-14878	121	12	and	and	CCONJ
fbem-14878	121	13	expansion	expansion	NOUN
fbem-14878	121	14	,	,	PUNCT
fbem-14878	121	15	cross	cross	VERB
fbem-14878	121	16	border	border	NOUN
fbem-14878	121	17	mergers	merger	NOUN
fbem-14878	121	18	and	and	CCONJ
fbem-14878	121	19	acquisitions	acquisition	NOUN
fbem-14878	121	20	can	can	AUX
fbem-14878	121	21	reduce	reduce	VERB
fbem-14878	121	22	taxes	taxis	NOUN
fbem-14878	121	23	incurred	incur	VERB
fbem-14878	121	24	by	by	ADP
fbem-14878	121	25	companies	company	NOUN
fbem-14878	121	26	in	in	ADP
fbem-14878	121	27	countries	country	NOUN
fbem-14878	121	28	with	with	ADP
fbem-14878	121	29	tax	tax	NOUN
fbem-14878	121	30	exempt	exempt	ADJ
fbem-14878	121	31	agreements	agreement	NOUN
fbem-14878	121	32	during	during	ADP
fbem-14878	121	33	their	their	PRON
fbem-14878	121	34	operations	operation	NOUN
fbem-14878	121	35	.	.	PUNCT
fbem-14878	122	1	after	after	ADP
fbem-14878	122	2	completing	complete	VERB
fbem-14878	122	3	cross	cross	VERB
fbem-14878	122	4	190	190	NUM
fbem-14878	122	5	border	border	NOUN
fbem-14878	122	6	mergers	merger	NOUN
fbem-14878	122	7	and	and	CCONJ
fbem-14878	122	8	acquisitions	acquisition	NOUN
fbem-14878	122	9	,	,	PUNCT
fbem-14878	122	10	hainan	hainan	PROPN
fbem-14878	122	11	airlines	airlines	PROPN
fbem-14878	122	12	can	can	AUX
fbem-14878	122	13	also	also	ADV
fbem-14878	122	14	choose	choose	VERB
fbem-14878	122	15	the	the	DET
fbem-14878	122	16	acquiring	acquire	VERB
fbem-14878	122	17	party	party	NOUN
fbem-14878	122	18	with	with	ADP
fbem-14878	122	19	lower	low	ADJ
fbem-14878	122	20	financing	financing	NOUN
fbem-14878	122	21	costs	cost	NOUN
fbem-14878	122	22	for	for	ADP
fbem-14878	122	23	financing	financing	NOUN
fbem-14878	122	24	,	,	PUNCT
fbem-14878	122	25	reducing	reduce	VERB
fbem-14878	122	26	loan	loan	NOUN
fbem-14878	122	27	costs	cost	NOUN
fbem-14878	122	28	.	.	PUNCT
fbem-14878	123	1	3.3.2	3.3.2	X
fbem-14878	123	2	.	.	PUNCT
fbem-14878	123	3	external	external	ADJ
fbem-14878	123	4	reasons	reason	NOUN
fbem-14878	123	5	of	of	ADP
fbem-14878	123	6	the	the	DET
fbem-14878	123	7	enterprise	enterprise	NOUN
fbem-14878	123	8	(	(	PUNCT
fbem-14878	123	9	1	1	X
fbem-14878	123	10	)	)	PUNCT
fbem-14878	123	11	national	national	ADJ
fbem-14878	123	12	policy	policy	NOUN
fbem-14878	123	13	factors	factor	NOUN
fbem-14878	123	14	.	.	PUNCT
fbem-14878	124	1	since	since	SCONJ
fbem-14878	124	2	2013	2013	NUM
fbem-14878	124	3	,	,	PUNCT
fbem-14878	124	4	china	china	PROPN
fbem-14878	124	5	has	have	AUX
fbem-14878	124	6	put	put	VERB
fbem-14878	124	7	forward	forward	ADV
fbem-14878	124	8	the	the	DET
fbem-14878	124	9	"	"	PUNCT
fbem-14878	124	10	the	the	DET
fbem-14878	124	11	belt	belt	NOUN
fbem-14878	124	12	and	and	CCONJ
fbem-14878	124	13	road	road	NOUN
fbem-14878	124	14	"	"	PUNCT
fbem-14878	124	15	policy	policy	NOUN
fbem-14878	124	16	to	to	PART
fbem-14878	124	17	encourage	encourage	VERB
fbem-14878	124	18	private	private	ADJ
fbem-14878	124	19	enterprises	enterprise	NOUN
fbem-14878	124	20	to	to	PART
fbem-14878	124	21	go	go	VERB
fbem-14878	124	22	out	out	ADP
fbem-14878	124	23	of	of	ADP
fbem-14878	124	24	china	china	PROPN
fbem-14878	124	25	and	and	CCONJ
fbem-14878	124	26	open	open	VERB
fbem-14878	124	27	up	up	ADP
fbem-14878	124	28	international	international	ADJ
fbem-14878	124	29	markets	market	NOUN
fbem-14878	124	30	in	in	ADP
fbem-14878	124	31	line	line	NOUN
fbem-14878	124	32	with	with	ADP
fbem-14878	124	33	international	international	ADJ
fbem-14878	124	34	standards	standard	NOUN
fbem-14878	124	35	.	.	PUNCT
fbem-14878	125	1	hna	hna	PROPN
fbem-14878	125	2	's	's	PART
fbem-14878	125	3	crossborder	crossborder	NOUN
fbem-14878	125	4	mergers	merger	NOUN
fbem-14878	125	5	and	and	CCONJ
fbem-14878	125	6	acquisitions	acquisition	NOUN
fbem-14878	125	7	are	be	AUX
fbem-14878	125	8	a	a	DET
fbem-14878	125	9	response	response	NOUN
fbem-14878	125	10	to	to	ADP
fbem-14878	125	11	national	national	ADJ
fbem-14878	125	12	policies	policy	NOUN
fbem-14878	125	13	and	and	CCONJ
fbem-14878	125	14	provide	provide	VERB
fbem-14878	125	15	experience	experience	NOUN
fbem-14878	125	16	for	for	ADP
fbem-14878	125	17	chinese	chinese	ADJ
fbem-14878	125	18	civil	civil	ADJ
fbem-14878	125	19	aviation	aviation	NOUN
fbem-14878	125	20	enterprises	enterprise	NOUN
fbem-14878	125	21	in	in	ADP
fbem-14878	125	22	cross	cross	ADJ
fbem-14878	125	23	-	-	ADJ
fbem-14878	125	24	border	border	ADJ
fbem-14878	125	25	mergers	merger	NOUN
fbem-14878	125	26	and	and	CCONJ
fbem-14878	125	27	acquisitions	acquisition	NOUN
fbem-14878	125	28	.	.	PUNCT
fbem-14878	126	1	from	from	ADP
fbem-14878	126	2	an	an	DET
fbem-14878	126	3	irish	irish	ADJ
fbem-14878	126	4	perspective	perspective	NOUN
fbem-14878	126	5	,	,	PUNCT
fbem-14878	126	6	the	the	DET
fbem-14878	126	7	merger	merger	NOUN
fbem-14878	126	8	and	and	CCONJ
fbem-14878	126	9	acquisition	acquisition	NOUN
fbem-14878	126	10	between	between	ADP
fbem-14878	126	11	hna	hna	PROPN
fbem-14878	126	12	and	and	CCONJ
fbem-14878	126	13	avolon	avolon	NOUN
fbem-14878	126	14	is	be	AUX
fbem-14878	126	15	conducive	conducive	ADJ
fbem-14878	126	16	to	to	ADP
fbem-14878	126	17	promoting	promote	VERB
fbem-14878	126	18	the	the	DET
fbem-14878	126	19	development	development	NOUN
fbem-14878	126	20	of	of	ADP
fbem-14878	126	21	the	the	DET
fbem-14878	126	22	country	country	NOUN
fbem-14878	126	23	's	's	PART
fbem-14878	126	24	tourism	tourism	NOUN
fbem-14878	126	25	industry	industry	NOUN
fbem-14878	126	26	and	and	CCONJ
fbem-14878	126	27	promoting	promote	VERB
fbem-14878	126	28	cultural	cultural	ADJ
fbem-14878	126	29	exchange	exchange	NOUN
fbem-14878	126	30	with	with	ADP
fbem-14878	126	31	china	china	PROPN
fbem-14878	126	32	.	.	PUNCT
fbem-14878	127	1	therefore	therefore	ADV
fbem-14878	127	2	,	,	PUNCT
fbem-14878	127	3	we	we	PRON
fbem-14878	127	4	also	also	ADV
fbem-14878	127	5	support	support	VERB
fbem-14878	127	6	the	the	DET
fbem-14878	127	7	benign	benign	ADJ
fbem-14878	127	8	merger	merger	NOUN
fbem-14878	127	9	and	and	CCONJ
fbem-14878	127	10	acquisition	acquisition	NOUN
fbem-14878	127	11	activities	activity	NOUN
fbem-14878	127	12	of	of	ADP
fbem-14878	127	13	chinese	chinese	ADJ
fbem-14878	127	14	enterprises	enterprise	NOUN
fbem-14878	127	15	.	.	PUNCT
fbem-14878	128	1	(	(	PUNCT
fbem-14878	128	2	2	2	X
fbem-14878	128	3	)	)	PUNCT
fbem-14878	128	4	international	international	ADJ
fbem-14878	128	5	environmental	environmental	ADJ
fbem-14878	128	6	factors	factor	NOUN
fbem-14878	128	7	.	.	PUNCT
fbem-14878	129	1	the	the	DET
fbem-14878	129	2	cross	cross	ADJ
fbem-14878	129	3	-	-	ADJ
fbem-14878	129	4	border	border	ADJ
fbem-14878	129	5	mergers	merger	NOUN
fbem-14878	129	6	and	and	CCONJ
fbem-14878	129	7	acquisitions	acquisition	NOUN
fbem-14878	129	8	of	of	ADP
fbem-14878	129	9	enterprises	enterprise	NOUN
fbem-14878	129	10	are	be	AUX
fbem-14878	129	11	largely	largely	ADV
fbem-14878	129	12	influenced	influence	VERB
fbem-14878	129	13	by	by	ADP
fbem-14878	129	14	the	the	DET
fbem-14878	129	15	international	international	ADJ
fbem-14878	129	16	environment	environment	NOUN
fbem-14878	129	17	.	.	PUNCT
fbem-14878	130	1	with	with	ADP
fbem-14878	130	2	the	the	DET
fbem-14878	130	3	recovery	recovery	NOUN
fbem-14878	130	4	of	of	ADP
fbem-14878	130	5	the	the	DET
fbem-14878	130	6	global	global	ADJ
fbem-14878	130	7	economy	economy	NOUN
fbem-14878	130	8	,	,	PUNCT
fbem-14878	130	9	the	the	DET
fbem-14878	130	10	number	number	NOUN
fbem-14878	130	11	of	of	ADP
fbem-14878	130	12	cross	cross	ADJ
fbem-14878	130	13	-	-	ADJ
fbem-14878	130	14	border	border	ADJ
fbem-14878	130	15	mergers	merger	NOUN
fbem-14878	130	16	and	and	CCONJ
fbem-14878	130	17	acquisitions	acquisition	NOUN
fbem-14878	130	18	worldwide	worldwide	ADV
fbem-14878	130	19	continues	continue	VERB
fbem-14878	130	20	to	to	PART
fbem-14878	130	21	grow	grow	VERB
fbem-14878	130	22	.	.	PUNCT
fbem-14878	131	1	many	many	ADJ
fbem-14878	131	2	countries	country	NOUN
fbem-14878	131	3	encourage	encourage	VERB
fbem-14878	131	4	and	and	CCONJ
fbem-14878	131	5	support	support	VERB
fbem-14878	131	6	cross	cross	ADJ
fbem-14878	131	7	-	-	ADJ
fbem-14878	131	8	border	border	ADJ
fbem-14878	131	9	mergers	merger	NOUN
fbem-14878	131	10	and	and	CCONJ
fbem-14878	131	11	acquisitions	acquisition	NOUN
fbem-14878	131	12	of	of	ADP
fbem-14878	131	13	enterprises	enterprise	NOUN
fbem-14878	131	14	to	to	PART
fbem-14878	131	15	promote	promote	VERB
fbem-14878	131	16	the	the	DET
fbem-14878	131	17	upgrading	upgrading	NOUN
fbem-14878	131	18	of	of	ADP
fbem-14878	131	19	their	their	PRON
fbem-14878	131	20	own	own	ADJ
fbem-14878	131	21	economic	economic	ADJ
fbem-14878	131	22	structure	structure	NOUN
fbem-14878	131	23	.	.	PUNCT
fbem-14878	132	1	hainan	hainan	PROPN
fbem-14878	132	2	airlines	airlines	PROPN
fbem-14878	132	3	obtains	obtain	VERB
fbem-14878	132	4	new	new	ADJ
fbem-14878	132	5	technologies	technology	NOUN
fbem-14878	132	6	and	and	CCONJ
fbem-14878	132	7	advanced	advanced	ADJ
fbem-14878	132	8	management	management	NOUN
fbem-14878	132	9	experience	experience	NOUN
fbem-14878	132	10	through	through	ADP
fbem-14878	132	11	mergers	merger	NOUN
fbem-14878	132	12	and	and	CCONJ
fbem-14878	132	13	acquisitions	acquisition	NOUN
fbem-14878	132	14	of	of	ADP
fbem-14878	132	15	enterprises	enterprise	NOUN
fbem-14878	132	16	from	from	ADP
fbem-14878	132	17	developed	develop	VERB
fbem-14878	132	18	countries	country	NOUN
fbem-14878	132	19	,	,	PUNCT
fbem-14878	132	20	promotes	promote	VERB
fbem-14878	132	21	the	the	DET
fbem-14878	132	22	improvement	improvement	NOUN
fbem-14878	132	23	of	of	ADP
fbem-14878	132	24	corporate	corporate	ADJ
fbem-14878	132	25	structure	structure	NOUN
fbem-14878	132	26	,	,	PUNCT
fbem-14878	132	27	and	and	CCONJ
fbem-14878	132	28	obtains	obtain	VERB
fbem-14878	132	29	new	new	ADJ
fbem-14878	132	30	production	production	NOUN
fbem-14878	132	31	materials	material	NOUN
fbem-14878	132	32	through	through	ADP
fbem-14878	132	33	mergers	merger	NOUN
fbem-14878	132	34	and	and	CCONJ
fbem-14878	132	35	acquisitions	acquisition	NOUN
fbem-14878	132	36	of	of	ADP
fbem-14878	132	37	enterprises	enterprise	NOUN
fbem-14878	132	38	from	from	ADP
fbem-14878	132	39	developing	develop	VERB
fbem-14878	132	40	countries	country	NOUN
fbem-14878	132	41	.	.	PUNCT
fbem-14878	133	1	at	at	ADP
fbem-14878	133	2	the	the	DET
fbem-14878	133	3	same	same	ADJ
fbem-14878	133	4	time	time	NOUN
fbem-14878	133	5	,	,	PUNCT
fbem-14878	133	6	developing	develop	VERB
fbem-14878	133	7	countries	country	NOUN
fbem-14878	133	8	welcome	welcome	VERB
fbem-14878	133	9	cross	cross	ADJ
fbem-14878	133	10	-	-	ADJ
fbem-14878	133	11	border	border	ADJ
fbem-14878	133	12	mergers	merger	NOUN
fbem-14878	133	13	and	and	CCONJ
fbem-14878	133	14	acquisitions	acquisition	NOUN
fbem-14878	133	15	of	of	ADP
fbem-14878	133	16	enterprises	enterprise	NOUN
fbem-14878	133	17	,	,	PUNCT
fbem-14878	133	18	which	which	PRON
fbem-14878	133	19	can	can	AUX
fbem-14878	133	20	reduce	reduce	VERB
fbem-14878	133	21	enterprise	enterprise	NOUN
fbem-14878	133	22	costs	cost	NOUN
fbem-14878	133	23	when	when	SCONJ
fbem-14878	133	24	selecting	select	VERB
fbem-14878	133	25	enterprises	enterprise	NOUN
fbem-14878	133	26	from	from	ADP
fbem-14878	133	27	these	these	DET
fbem-14878	133	28	regions	region	NOUN
fbem-14878	133	29	for	for	ADP
fbem-14878	133	30	mergers	merger	NOUN
fbem-14878	133	31	and	and	CCONJ
fbem-14878	133	32	acquisitions	acquisition	NOUN
fbem-14878	133	33	.	.	PUNCT
fbem-14878	134	1	3.4	3.4	NUM
fbem-14878	134	2	.	.	PUNCT
fbem-14878	134	3	main	main	ADJ
fbem-14878	134	4	risk	risk	NOUN
fbem-14878	134	5	points	point	NOUN
fbem-14878	134	6	of	of	ADP
fbem-14878	134	7	hna	hna	PROPN
fbem-14878	134	8	's	's	PART
fbem-14878	134	9	cross	cross	ADJ
fbem-14878	134	10	-	-	ADJ
fbem-14878	134	11	border	border	ADJ
fbem-14878	134	12	mergers	merger	NOUN
fbem-14878	134	13	and	and	CCONJ
fbem-14878	134	14	acquisitions	acquisition	NOUN
fbem-14878	134	15	3.4.1	3.4.1	NUM
fbem-14878	134	16	.	.	PUNCT
fbem-14878	135	1	pre	pre	VERB
fbem-14878	135	2	merger	merger	NOUN
fbem-14878	135	3	risks	risk	NOUN
fbem-14878	135	4	of	of	ADP
fbem-14878	135	5	hainan	hainan	PROPN
fbem-14878	135	6	airlines	airline	NOUN
fbem-14878	135	7	(	(	PUNCT
fbem-14878	135	8	1	1	NUM
fbem-14878	135	9	)	)	PUNCT
fbem-14878	135	10	risk	risk	NOUN
fbem-14878	135	11	in	in	ADP
fbem-14878	135	12	target	target	NOUN
fbem-14878	135	13	selection	selection	NOUN
fbem-14878	135	14	for	for	ADP
fbem-14878	135	15	mergers	merger	NOUN
fbem-14878	135	16	and	and	CCONJ
fbem-14878	135	17	acquisitions	acquisition	NOUN
fbem-14878	135	18	.	.	PUNCT
fbem-14878	136	1	according	accord	VERB
fbem-14878	136	2	to	to	ADP
fbem-14878	136	3	the	the	DET
fbem-14878	136	4	announcement	announcement	NOUN
fbem-14878	136	5	from	from	ADP
fbem-14878	136	6	avic	avic	PROPN
fbem-14878	136	7	,	,	PUNCT
fbem-14878	136	8	avic	avic	PROPN
fbem-14878	136	9	attempted	attempt	VERB
fbem-14878	136	10	to	to	PART
fbem-14878	136	11	acquire	acquire	VERB
fbem-14878	136	12	avolon	avolon	NOUN
fbem-14878	136	13	in	in	ADP
fbem-14878	136	14	2015	2015	NUM
fbem-14878	136	15	,	,	PUNCT
fbem-14878	136	16	but	but	CCONJ
fbem-14878	136	17	after	after	ADP
fbem-14878	136	18	four	four	NUM
fbem-14878	136	19	months	month	NOUN
fbem-14878	136	20	of	of	ADP
fbem-14878	136	21	negotiations	negotiation	NOUN
fbem-14878	136	22	,	,	PUNCT
fbem-14878	136	23	avic	avic	PROPN
fbem-14878	136	24	and	and	CCONJ
fbem-14878	136	25	avolon	avolon	NOUN
fbem-14878	136	26	were	be	AUX
fbem-14878	136	27	unable	unable	ADJ
fbem-14878	136	28	to	to	PART
fbem-14878	136	29	reach	reach	VERB
fbem-14878	136	30	an	an	DET
fbem-14878	136	31	agreement	agreement	NOUN
fbem-14878	136	32	.	.	PUNCT
fbem-14878	137	1	avolon	avolon	PROPN
fbem-14878	137	2	's	's	PART
fbem-14878	137	3	shareholders	shareholder	NOUN
fbem-14878	137	4	and	and	CCONJ
fbem-14878	137	5	board	board	NOUN
fbem-14878	137	6	of	of	ADP
fbem-14878	137	7	directors	director	NOUN
fbem-14878	137	8	were	be	AUX
fbem-14878	137	9	unable	unable	ADJ
fbem-14878	137	10	to	to	PART
fbem-14878	137	11	accept	accept	VERB
fbem-14878	137	12	the	the	DET
fbem-14878	137	13	definitive	definitive	ADJ
fbem-14878	137	14	offer	offer	NOUN
fbem-14878	137	15	from	from	ADP
fbem-14878	137	16	avic	avic	PROPN
fbem-14878	137	17	capital	capital	NOUN
fbem-14878	137	18	,	,	PUNCT
fbem-14878	137	19	and	and	CCONJ
fbem-14878	137	20	after	after	ADP
fbem-14878	137	21	multiple	multiple	ADJ
fbem-14878	137	22	discussions	discussion	NOUN
fbem-14878	137	23	,	,	PUNCT
fbem-14878	137	24	avic	avic	PROPN
fbem-14878	137	25	capital	capital	NOUN
fbem-14878	137	26	was	be	AUX
fbem-14878	137	27	unable	unable	ADJ
fbem-14878	137	28	to	to	PART
fbem-14878	137	29	provide	provide	VERB
fbem-14878	137	30	a	a	DET
fbem-14878	137	31	mutually	mutually	ADV
fbem-14878	137	32	agreed	agree	VERB
fbem-14878	137	33	upon	upon	SCONJ
fbem-14878	137	34	acquisition	acquisition	NOUN
fbem-14878	137	35	plan	plan	NOUN
fbem-14878	137	36	.	.	PUNCT
fbem-14878	138	1	the	the	DET
fbem-14878	138	2	acquisition	acquisition	NOUN
fbem-14878	138	3	ultimately	ultimately	ADV
fbem-14878	138	4	ended	end	VERB
fbem-14878	138	5	in	in	ADP
fbem-14878	138	6	failure	failure	NOUN
fbem-14878	138	7	.	.	PUNCT
fbem-14878	139	1	it	it	PRON
fbem-14878	139	2	is	be	AUX
fbem-14878	139	3	evident	evident	ADJ
fbem-14878	139	4	from	from	ADP
fbem-14878	139	5	the	the	DET
fbem-14878	139	6	comparison	comparison	NOUN
fbem-14878	139	7	of	of	ADP
fbem-14878	139	8	the	the	DET
fbem-14878	139	9	asset	asset	NOUN
fbem-14878	139	10	liability	liability	NOUN
fbem-14878	139	11	situation	situation	NOUN
fbem-14878	139	12	between	between	ADP
fbem-14878	139	13	bohai	bohai	NOUN
fbem-14878	139	14	financial	financial	ADJ
fbem-14878	139	15	holding	holding	NOUN
fbem-14878	139	16	and	and	CCONJ
fbem-14878	139	17	avic	avic	NOUN
fbem-14878	139	18	that	that	DET
fbem-14878	139	19	bohai	bohai	NOUN
fbem-14878	139	20	financial	financial	ADJ
fbem-14878	139	21	holding	holding	NOUN
fbem-14878	139	22	's	's	PART
fbem-14878	139	23	net	net	ADJ
fbem-14878	139	24	profit	profit	NOUN
fbem-14878	139	25	is	be	AUX
fbem-14878	139	26	much	much	ADV
fbem-14878	139	27	higher	high	ADJ
fbem-14878	139	28	than	than	ADP
fbem-14878	139	29	that	that	PRON
fbem-14878	139	30	of	of	ADP
fbem-14878	139	31	avic	avic	PROPN
fbem-14878	139	32	,	,	PUNCT
fbem-14878	139	33	but	but	CCONJ
fbem-14878	139	34	at	at	ADP
fbem-14878	139	35	the	the	DET
fbem-14878	139	36	same	same	ADJ
fbem-14878	139	37	time	time	NOUN
fbem-14878	139	38	,	,	PUNCT
fbem-14878	139	39	its	its	PRON
fbem-14878	139	40	asset	asset	NOUN
fbem-14878	139	41	liability	liability	NOUN
fbem-14878	139	42	ratio	ratio	NOUN
fbem-14878	139	43	is	be	AUX
fbem-14878	139	44	also	also	ADV
fbem-14878	139	45	much	much	ADV
fbem-14878	139	46	higher	high	ADJ
fbem-14878	139	47	than	than	ADP
fbem-14878	139	48	that	that	PRON
fbem-14878	139	49	of	of	ADP
fbem-14878	139	50	avic	avic	PROPN
fbem-14878	139	51	.	.	PUNCT
fbem-14878	140	1	during	during	ADP
fbem-14878	140	2	the	the	DET
fbem-14878	140	3	merger	merger	NOUN
fbem-14878	140	4	and	and	CCONJ
fbem-14878	140	5	acquisition	acquisition	NOUN
fbem-14878	140	6	of	of	ADP
fbem-14878	140	7	avolon	avolon	NOUN
fbem-14878	140	8	by	by	ADP
fbem-14878	140	9	avic	avic	PROPN
fbem-14878	140	10	,	,	PUNCT
fbem-14878	140	11	the	the	DET
fbem-14878	140	12	acquisition	acquisition	NOUN
fbem-14878	140	13	failed	fail	VERB
fbem-14878	140	14	due	due	ADP
fbem-14878	140	15	to	to	ADP
fbem-14878	140	16	the	the	DET
fbem-14878	140	17	transaction	transaction	NOUN
fbem-14878	140	18	price	price	NOUN
fbem-14878	140	19	.	.	PUNCT
fbem-14878	141	1	compared	compare	VERB
fbem-14878	141	2	to	to	ADP
fbem-14878	141	3	avic	avic	PROPN
fbem-14878	141	4	,	,	PUNCT
fbem-14878	141	5	bohai	bohai	ADJ
fbem-14878	141	6	financial	financial	ADJ
fbem-14878	141	7	holding	holding	NOUN
fbem-14878	141	8	has	have	VERB
fbem-14878	141	9	more	more	ADJ
fbem-14878	141	10	liabilities	liability	NOUN
fbem-14878	141	11	.	.	PUNCT
fbem-14878	142	1	therefore	therefore	ADV
fbem-14878	142	2	,	,	PUNCT
fbem-14878	142	3	choose	choose	VERB
fbem-14878	142	4	avolon	avolon	NOUN
fbem-14878	142	5	as	as	SCONJ
fbem-14878	142	6	the	the	DET
fbem-14878	142	7	acquisition	acquisition	NOUN
fbem-14878	142	8	target	target	NOUN
fbem-14878	142	9	after	after	ADP
fbem-14878	142	10	the	the	DET
fbem-14878	142	11	merger	merger	NOUN
fbem-14878	142	12	and	and	CCONJ
fbem-14878	142	13	acquisition	acquisition	NOUN
fbem-14878	142	14	by	by	ADP
fbem-14878	142	15	avic	avic	PROPN
fbem-14878	142	16	carries	carry	VERB
fbem-14878	142	17	certain	certain	ADJ
fbem-14878	142	18	risks	risk	NOUN
fbem-14878	142	19	.	.	PUNCT
fbem-14878	143	1	on	on	ADP
fbem-14878	143	2	the	the	DET
fbem-14878	143	3	one	one	NUM
fbem-14878	143	4	hand	hand	NOUN
fbem-14878	143	5	,	,	PUNCT
fbem-14878	143	6	the	the	DET
fbem-14878	143	7	failure	failure	NOUN
fbem-14878	143	8	of	of	ADP
fbem-14878	143	9	avic	avic	PROPN
fbem-14878	143	10	's	's	PART
fbem-14878	143	11	merger	merger	NOUN
fbem-14878	143	12	and	and	CCONJ
fbem-14878	143	13	acquisition	acquisition	NOUN
fbem-14878	143	14	puts	put	VERB
fbem-14878	143	15	certain	certain	ADJ
fbem-14878	143	16	pressure	pressure	NOUN
fbem-14878	143	17	on	on	ADP
fbem-14878	143	18	it	it	PRON
fbem-14878	143	19	.	.	PUNCT
fbem-14878	144	1	on	on	ADP
fbem-14878	144	2	the	the	DET
fbem-14878	144	3	other	other	ADJ
fbem-14878	144	4	hand	hand	NOUN
fbem-14878	144	5	,	,	PUNCT
fbem-14878	144	6	compared	compare	VERB
fbem-14878	144	7	to	to	ADP
fbem-14878	144	8	avic	avic	PROPN
fbem-14878	144	9	,	,	PUNCT
fbem-14878	144	10	avic	avic	PROPN
fbem-14878	144	11	lacks	lack	VERB
fbem-14878	144	12	strong	strong	ADJ
fbem-14878	144	13	support	support	NOUN
fbem-14878	144	14	from	from	ADP
fbem-14878	144	15	the	the	DET
fbem-14878	144	16	government	government	NOUN
fbem-14878	144	17	and	and	CCONJ
fbem-14878	144	18	its	its	PRON
fbem-14878	144	19	funds	fund	NOUN
fbem-14878	144	20	are	be	AUX
fbem-14878	144	21	even	even	ADV
fbem-14878	144	22	less	less	ADV
fbem-14878	144	23	abundant	abundant	ADJ
fbem-14878	144	24	.	.	PUNCT
fbem-14878	145	1	these	these	DET
fbem-14878	145	2	two	two	NUM
fbem-14878	145	3	reasons	reason	NOUN
fbem-14878	145	4	make	make	VERB
fbem-14878	145	5	hainan	hainan	PROPN
fbem-14878	145	6	airlines	airline	NOUN
fbem-14878	145	7	face	face	VERB
fbem-14878	145	8	the	the	DET
fbem-14878	145	9	risk	risk	NOUN
fbem-14878	145	10	of	of	ADP
fbem-14878	145	11	target	target	NOUN
fbem-14878	145	12	selection	selection	NOUN
fbem-14878	145	13	for	for	ADP
fbem-14878	145	14	mergers	merger	NOUN
fbem-14878	145	15	and	and	CCONJ
fbem-14878	145	16	acquisitions	acquisition	NOUN
fbem-14878	145	17	.	.	PUNCT
fbem-14878	146	1	(	(	PUNCT
fbem-14878	146	2	2	2	X
fbem-14878	146	3	)	)	PUNCT
fbem-14878	146	4	legal	legal	ADJ
fbem-14878	146	5	risks	risk	NOUN
fbem-14878	146	6	.	.	PUNCT
fbem-14878	147	1	due	due	ADP
fbem-14878	147	2	to	to	ADP
fbem-14878	147	3	a	a	DET
fbem-14878	147	4	previous	previous	ADJ
fbem-14878	147	5	chinese	chinese	ADJ
fbem-14878	147	6	company	company	NOUN
fbem-14878	147	7	's	's	PART
fbem-14878	147	8	failed	fail	VERB
fbem-14878	147	9	merger	merger	NOUN
fbem-14878	147	10	with	with	ADP
fbem-14878	147	11	avolon	avolon	PROPN
fbem-14878	147	12	,	,	PUNCT
fbem-14878	147	13	the	the	DET
fbem-14878	147	14	local	local	ADJ
fbem-14878	147	15	government	government	NOUN
fbem-14878	147	16	of	of	ADP
fbem-14878	147	17	avolon	avolon	NOUN
fbem-14878	147	18	is	be	AUX
fbem-14878	147	19	also	also	ADV
fbem-14878	147	20	cautious	cautious	ADJ
fbem-14878	147	21	about	about	ADP
fbem-14878	147	22	the	the	DET
fbem-14878	147	23	merger	merger	NOUN
fbem-14878	147	24	with	with	ADP
fbem-14878	147	25	hainan	hainan	PROPN
fbem-14878	147	26	airlines	airlines	PROPN
fbem-14878	147	27	.	.	PUNCT
fbem-14878	148	1	at	at	ADP
fbem-14878	148	2	the	the	DET
fbem-14878	148	3	same	same	ADJ
fbem-14878	148	4	time	time	NOUN
fbem-14878	148	5	,	,	PUNCT
fbem-14878	148	6	avolon	avolon	PROPN
fbem-14878	148	7	is	be	AUX
fbem-14878	148	8	listed	list	VERB
fbem-14878	148	9	on	on	ADP
fbem-14878	148	10	the	the	DET
fbem-14878	148	11	new	new	PROPN
fbem-14878	148	12	york	york	PROPN
fbem-14878	148	13	stock	stock	PROPN
fbem-14878	148	14	exchange	exchange	PROPN
fbem-14878	148	15	in	in	ADP
fbem-14878	148	16	the	the	DET
fbem-14878	148	17	united	united	PROPN
fbem-14878	148	18	states	states	PROPN
fbem-14878	148	19	and	and	CCONJ
fbem-14878	148	20	is	be	AUX
fbem-14878	148	21	subject	subject	ADJ
fbem-14878	148	22	to	to	ADP
fbem-14878	148	23	legal	legal	ADJ
fbem-14878	148	24	constraints	constraint	NOUN
fbem-14878	148	25	in	in	ADP
fbem-14878	148	26	the	the	DET
fbem-14878	148	27	united	united	PROPN
fbem-14878	148	28	states	states	PROPN
fbem-14878	148	29	.	.	PUNCT
fbem-14878	149	1	one	one	NUM
fbem-14878	149	2	of	of	ADP
fbem-14878	149	3	hna	hna	PROPN
fbem-14878	149	4	's	's	PART
fbem-14878	149	5	main	main	ADJ
fbem-14878	149	6	businesses	business	NOUN
fbem-14878	149	7	is	be	AUX
fbem-14878	149	8	transportation	transportation	NOUN
fbem-14878	149	9	,	,	PUNCT
fbem-14878	149	10	and	and	CCONJ
fbem-14878	149	11	avolon	avolon	NOUN
fbem-14878	149	12	is	be	AUX
fbem-14878	149	13	an	an	DET
fbem-14878	149	14	aircraft	aircraft	NOUN
fbem-14878	149	15	leasing	lease	VERB
fbem-14878	149	16	company	company	NOUN
fbem-14878	149	17	.	.	PUNCT
fbem-14878	150	1	according	accord	VERB
fbem-14878	150	2	to	to	ADP
fbem-14878	150	3	the	the	DET
fbem-14878	150	4	security	security	NOUN
fbem-14878	150	5	review	review	NOUN
fbem-14878	150	6	sensitive	sensitive	ADJ
fbem-14878	150	7	industry	industry	NOUN
fbem-14878	150	8	table	table	NOUN
fbem-14878	150	9	of	of	ADP
fbem-14878	150	10	the	the	DET
fbem-14878	150	11	us	us	PROPN
fbem-14878	150	12	foreign	foreign	PROPN
fbem-14878	150	13	investment	investment	NOUN
fbem-14878	150	14	commission	commission	PROPN
fbem-14878	150	15	,	,	PUNCT
fbem-14878	150	16	the	the	DET
fbem-14878	150	17	us	us	PROPN
fbem-14878	150	18	foreign	foreign	PROPN
fbem-14878	150	19	investment	investment	NOUN
fbem-14878	150	20	commission	commission	NOUN
fbem-14878	150	21	classifies	classify	VERB
fbem-14878	150	22	civil	civil	ADJ
fbem-14878	150	23	aviation	aviation	NOUN
fbem-14878	150	24	as	as	ADP
fbem-14878	150	25	a	a	DET
fbem-14878	150	26	level	level	NOUN
fbem-14878	150	27	2	2	NUM
fbem-14878	150	28	sensitive	sensitive	ADJ
fbem-14878	150	29	transaction	transaction	NOUN
fbem-14878	150	30	.	.	PUNCT
fbem-14878	151	1	therefore	therefore	ADV
fbem-14878	151	2	,	,	PUNCT
fbem-14878	151	3	bohai	bohai	ADJ
fbem-14878	151	4	financial	financial	ADJ
fbem-14878	151	5	holding	holding	NOUN
fbem-14878	151	6	needs	need	VERB
fbem-14878	151	7	to	to	PART
fbem-14878	151	8	undergo	undergo	VERB
fbem-14878	151	9	strict	strict	ADJ
fbem-14878	151	10	review	review	NOUN
fbem-14878	151	11	by	by	ADP
fbem-14878	151	12	the	the	DET
fbem-14878	151	13	foreign	foreign	ADJ
fbem-14878	151	14	investment	investment	NOUN
fbem-14878	151	15	commission	commission	NOUN
fbem-14878	151	16	(	(	PUNCT
fbem-14878	151	17	cfius	cfius	PROPN
fbem-14878	151	18	)	)	PUNCT
fbem-14878	151	19	when	when	SCONJ
fbem-14878	151	20	making	make	VERB
fbem-14878	151	21	an	an	DET
fbem-14878	151	22	offer	offer	NOUN
fbem-14878	151	23	to	to	ADP
fbem-14878	151	24	avolon	avolon	PROPN
fbem-14878	151	25	,	,	PUNCT
fbem-14878	151	26	which	which	PRON
fbem-14878	151	27	also	also	ADV
fbem-14878	151	28	brings	bring	VERB
fbem-14878	151	29	legal	legal	ADJ
fbem-14878	151	30	risks	risk	NOUN
fbem-14878	151	31	and	and	CCONJ
fbem-14878	151	32	increases	increase	VERB
fbem-14878	151	33	the	the	DET
fbem-14878	151	34	difficulty	difficulty	NOUN
fbem-14878	151	35	of	of	ADP
fbem-14878	151	36	hna	hna	PROPN
fbem-14878	151	37	's	's	PART
fbem-14878	151	38	acquisition	acquisition	NOUN
fbem-14878	151	39	of	of	ADP
fbem-14878	151	40	avolon	avolon	PROPN
fbem-14878	151	41	.	.	PUNCT
fbem-14878	152	1	(	(	PUNCT
fbem-14878	152	2	3	3	X
fbem-14878	152	3	)	)	PUNCT
fbem-14878	152	4	assess	assess	NOUN
fbem-14878	152	5	capability	capability	NOUN
fbem-14878	152	6	risks	risk	NOUN
fbem-14878	152	7	.	.	PUNCT
fbem-14878	153	1	avolon	avolon	PROPN
fbem-14878	153	2	's	's	PART
fbem-14878	153	3	headquarters	headquarters	NOUN
fbem-14878	153	4	is	be	AUX
fbem-14878	153	5	located	locate	VERB
fbem-14878	153	6	in	in	ADP
fbem-14878	153	7	dublin	dublin	PROPN
fbem-14878	153	8	,	,	PUNCT
fbem-14878	153	9	ireland	ireland	PROPN
fbem-14878	153	10	,	,	PUNCT
fbem-14878	153	11	with	with	ADP
fbem-14878	153	12	a	a	DET
fbem-14878	153	13	geographical	geographical	ADJ
fbem-14878	153	14	distance	distance	NOUN
fbem-14878	153	15	of	of	ADP
fbem-14878	153	16	8310	8310	NUM
fbem-14878	153	17	kilometers	kilometer	NOUN
fbem-14878	153	18	from	from	ADP
fbem-14878	153	19	beijing	beijing	PROPN
fbem-14878	153	20	to	to	ADP
fbem-14878	153	21	dublin	dublin	PROPN
fbem-14878	153	22	,	,	PUNCT
fbem-14878	153	23	and	and	CCONJ
fbem-14878	153	24	there	there	PRON
fbem-14878	153	25	are	be	VERB
fbem-14878	153	26	no	no	DET
fbem-14878	153	27	direct	direct	ADJ
fbem-14878	153	28	flight	flight	NOUN
fbem-14878	153	29	routes	route	NOUN
fbem-14878	153	30	to	to	ADP
fbem-14878	153	31	dublin	dublin	PROPN
fbem-14878	153	32	domestically	domestically	ADV
fbem-14878	153	33	.	.	PUNCT
fbem-14878	154	1	although	although	SCONJ
fbem-14878	154	2	hna	hna	PROPN
fbem-14878	154	3	is	be	AUX
fbem-14878	154	4	a	a	DET
fbem-14878	154	5	group	group	NOUN
fbem-14878	154	6	with	with	ADP
fbem-14878	154	7	some	some	DET
fbem-14878	154	8	experience	experience	NOUN
fbem-14878	154	9	in	in	ADP
fbem-14878	154	10	cross	cross	ADJ
fbem-14878	154	11	-	-	ADJ
fbem-14878	154	12	border	border	ADJ
fbem-14878	154	13	mergers	merger	NOUN
fbem-14878	154	14	and	and	CCONJ
fbem-14878	154	15	acquisitions	acquisition	NOUN
fbem-14878	154	16	of	of	ADP
fbem-14878	154	17	domestic	domestic	ADJ
fbem-14878	154	18	enterprises	enterprise	NOUN
fbem-14878	154	19	,	,	PUNCT
fbem-14878	154	20	this	this	DET
fbem-14878	154	21	geographical	geographical	ADJ
fbem-14878	154	22	distance	distance	NOUN
fbem-14878	154	23	still	still	ADV
fbem-14878	154	24	limits	limit	VERB
fbem-14878	154	25	hna	hna	PROPN
fbem-14878	154	26	's	's	PART
fbem-14878	154	27	comprehensive	comprehensive	ADJ
fbem-14878	154	28	understanding	understanding	NOUN
fbem-14878	154	29	of	of	ADP
fbem-14878	154	30	avolon	avolon	NOUN
fbem-14878	154	31	.	.	PUNCT
fbem-14878	155	1	in	in	ADP
fbem-14878	155	2	the	the	DET
fbem-14878	155	3	preparation	preparation	NOUN
fbem-14878	155	4	stage	stage	NOUN
fbem-14878	155	5	of	of	ADP
fbem-14878	155	6	the	the	DET
fbem-14878	155	7	merger	merger	NOUN
fbem-14878	155	8	,	,	PUNCT
fbem-14878	155	9	hna	hna	PROPN
fbem-14878	155	10	's	's	PART
fbem-14878	155	11	main	main	ADJ
fbem-14878	155	12	way	way	NOUN
fbem-14878	155	13	to	to	PART
fbem-14878	155	14	understand	understand	VERB
fbem-14878	155	15	avolon	avolon	NOUN
fbem-14878	155	16	is	be	AUX
fbem-14878	155	17	to	to	PART
fbem-14878	155	18	investigate	investigate	VERB
fbem-14878	155	19	and	and	CCONJ
fbem-14878	155	20	evaluate	evaluate	VERB
fbem-14878	155	21	its	its	PRON
fbem-14878	155	22	published	publish	VERB
fbem-14878	155	23	annual	annual	ADJ
fbem-14878	155	24	reports	report	NOUN
fbem-14878	155	25	and	and	CCONJ
fbem-14878	155	26	reports	report	NOUN
fbem-14878	155	27	.	.	PUNCT
fbem-14878	156	1	compared	compare	VERB
fbem-14878	156	2	with	with	ADP
fbem-14878	156	3	domestic	domestic	ADJ
fbem-14878	156	4	mergers	merger	NOUN
fbem-14878	156	5	and	and	CCONJ
fbem-14878	156	6	acquisitions	acquisition	NOUN
fbem-14878	156	7	,	,	PUNCT
fbem-14878	156	8	on	on	ADP
fbem-14878	156	9	-	-	PUNCT
fbem-14878	156	10	site	site	NOUN
fbem-14878	156	11	inspections	inspection	NOUN
fbem-14878	156	12	are	be	AUX
fbem-14878	156	13	more	more	ADV
fbem-14878	156	14	difficult	difficult	ADJ
fbem-14878	156	15	,	,	PUNCT
fbem-14878	156	16	and	and	CCONJ
fbem-14878	156	17	the	the	DET
fbem-14878	156	18	actual	actual	ADJ
fbem-14878	156	19	operational	operational	ADJ
fbem-14878	156	20	situation	situation	NOUN
fbem-14878	156	21	within	within	ADP
fbem-14878	156	22	the	the	DET
fbem-14878	156	23	enterprise	enterprise	NOUN
fbem-14878	156	24	is	be	AUX
fbem-14878	156	25	not	not	PART
fbem-14878	156	26	very	very	ADV
fbem-14878	156	27	clear	clear	ADJ
fbem-14878	156	28	,	,	PUNCT
fbem-14878	156	29	if	if	SCONJ
fbem-14878	156	30	the	the	DET
fbem-14878	156	31	difference	difference	NOUN
fbem-14878	156	32	between	between	ADP
fbem-14878	156	33	the	the	DET
fbem-14878	156	34	assessed	assess	VERB
fbem-14878	156	35	value	value	NOUN
fbem-14878	156	36	and	and	CCONJ
fbem-14878	156	37	avolon	avolon	NOUN
fbem-14878	156	38	's	's	PART
fbem-14878	156	39	actual	actual	ADJ
fbem-14878	156	40	company	company	NOUN
fbem-14878	156	41	value	value	NOUN
fbem-14878	156	42	is	be	AUX
fbem-14878	156	43	too	too	ADV
fbem-14878	156	44	large	large	ADJ
fbem-14878	156	45	,	,	PUNCT
fbem-14878	156	46	hainan	hainan	PROPN
fbem-14878	156	47	airlines	airline	NOUN
fbem-14878	156	48	will	will	AUX
fbem-14878	156	49	have	have	VERB
fbem-14878	156	50	to	to	PART
fbem-14878	156	51	pay	pay	VERB
fbem-14878	156	52	more	more	ADJ
fbem-14878	156	53	costs	cost	NOUN
fbem-14878	156	54	for	for	ADP
fbem-14878	156	55	this	this	DET
fbem-14878	156	56	part	part	NOUN
fbem-14878	156	57	of	of	ADP
fbem-14878	156	58	the	the	DET
fbem-14878	156	59	error	error	NOUN
fbem-14878	156	60	.	.	PUNCT
fbem-14878	157	1	therefore	therefore	ADV
fbem-14878	157	2	,	,	PUNCT
fbem-14878	157	3	hainan	hainan	PROPN
fbem-14878	157	4	airlines	airlines	PROPN
fbem-14878	157	5	also	also	ADV
fbem-14878	157	6	faces	face	VERB
fbem-14878	157	7	assessment	assessment	NOUN
fbem-14878	157	8	capability	capability	NOUN
fbem-14878	157	9	risks	risk	NOUN
fbem-14878	157	10	before	before	ADP
fbem-14878	157	11	deciding	decide	VERB
fbem-14878	157	12	to	to	PART
fbem-14878	157	13	acquire	acquire	VERB
fbem-14878	157	14	avolon	avolon	NOUN
fbem-14878	157	15	.	.	PUNCT
fbem-14878	158	1	(	(	PUNCT
fbem-14878	158	2	4	4	X
fbem-14878	158	3	)	)	PUNCT
fbem-14878	158	4	internal	internal	ADJ
fbem-14878	158	5	control	control	NOUN
fbem-14878	158	6	risks	risk	NOUN
fbem-14878	158	7	.	.	PUNCT
fbem-14878	159	1	internal	internal	ADJ
fbem-14878	159	2	control	control	NOUN
fbem-14878	159	3	risks	risk	NOUN
fbem-14878	159	4	can	can	AUX
fbem-14878	159	5	lead	lead	VERB
fbem-14878	159	6	to	to	ADP
fbem-14878	159	7	the	the	DET
fbem-14878	159	8	failure	failure	NOUN
fbem-14878	159	9	of	of	ADP
fbem-14878	159	10	internal	internal	ADJ
fbem-14878	159	11	controls	control	NOUN
fbem-14878	159	12	in	in	ADP
fbem-14878	159	13	enterprises	enterprise	NOUN
fbem-14878	159	14	,	,	PUNCT
fbem-14878	159	15	thereby	thereby	ADV
fbem-14878	159	16	affecting	affect	VERB
fbem-14878	159	17	their	their	PRON
fbem-14878	159	18	operations	operation	NOUN
fbem-14878	159	19	.	.	PUNCT
fbem-14878	160	1	hna	hna	PROPN
fbem-14878	160	2	group	group	PROPN
fbem-14878	160	3	itself	itself	PRON
fbem-14878	160	4	is	be	AUX
fbem-14878	160	5	an	an	DET
fbem-14878	160	6	international	international	ADJ
fbem-14878	160	7	enterprise	enterprise	NOUN
fbem-14878	160	8	,	,	PUNCT
fbem-14878	160	9	and	and	CCONJ
fbem-14878	160	10	its	its	PRON
fbem-14878	160	11	scale	scale	NOUN
fbem-14878	160	12	determines	determine	VERB
fbem-14878	160	13	that	that	PRON
fbem-14878	160	14	its	its	PRON
fbem-14878	160	15	internal	internal	ADJ
fbem-14878	160	16	controls	control	NOUN
fbem-14878	160	17	have	have	VERB
fbem-14878	160	18	a	a	DET
fbem-14878	160	19	certain	certain	ADJ
fbem-14878	160	20	degree	degree	NOUN
fbem-14878	160	21	of	of	ADP
fbem-14878	160	22	complexity	complexity	NOUN
fbem-14878	160	23	.	.	PUNCT
fbem-14878	161	1	the	the	DET
fbem-14878	161	2	completeness	completeness	NOUN
fbem-14878	161	3	of	of	ADP
fbem-14878	161	4	the	the	DET
fbem-14878	161	5	internal	internal	ADJ
fbem-14878	161	6	control	control	NOUN
fbem-14878	161	7	system	system	NOUN
fbem-14878	161	8	of	of	ADP
fbem-14878	161	9	a	a	DET
fbem-14878	161	10	company	company	NOUN
fbem-14878	161	11	also	also	ADV
fbem-14878	161	12	affects	affect	VERB
fbem-14878	161	13	the	the	DET
fbem-14878	161	14	success	success	NOUN
fbem-14878	161	15	of	of	ADP
fbem-14878	161	16	hna	hna	PROPN
fbem-14878	161	17	's	's	PART
fbem-14878	161	18	cross	cross	ADJ
fbem-14878	161	19	-	-	ADJ
fbem-14878	161	20	border	border	ADJ
fbem-14878	161	21	mergers	merger	NOUN
fbem-14878	161	22	and	and	CCONJ
fbem-14878	161	23	acquisitions	acquisition	NOUN
fbem-14878	161	24	,	,	PUNCT
fbem-14878	161	25	and	and	CCONJ
fbem-14878	161	26	the	the	DET
fbem-14878	161	27	mindset	mindset	NOUN
fbem-14878	161	28	of	of	ADP
fbem-14878	161	29	managers	manager	NOUN
fbem-14878	161	30	directly	directly	ADV
fbem-14878	161	31	affects	affect	VERB
fbem-14878	161	32	the	the	DET
fbem-14878	161	33	effectiveness	effectiveness	NOUN
fbem-14878	161	34	of	of	ADP
fbem-14878	161	35	internal	internal	ADJ
fbem-14878	161	36	control	control	NOUN
fbem-14878	161	37	execution	execution	NOUN
fbem-14878	161	38	.	.	PUNCT
fbem-14878	162	1	hainan	hainan	PROPN
fbem-14878	162	2	airlines	airlines	PROPN
fbem-14878	162	3	group	group	NOUN
fbem-14878	162	4	owns	own	VERB
fbem-14878	162	5	industries	industry	NOUN
fbem-14878	162	6	such	such	ADJ
fbem-14878	162	7	as	as	ADP
fbem-14878	162	8	hainan	hainan	PROPN
fbem-14878	162	9	airlines	airlines	PROPN
fbem-14878	162	10	,	,	PUNCT
fbem-14878	162	11	hainan	hainan	PROPN
fbem-14878	162	12	airlines	airlines	PROPN
fbem-14878	162	13	tourism	tourism	PROPN
fbem-14878	162	14	,	,	PUNCT
fbem-14878	162	15	hainan	hainan	PROPN
fbem-14878	162	16	airlines	airlines	PROPN
fbem-14878	162	17	industry	industry	PROPN
fbem-14878	162	18	,	,	PUNCT
fbem-14878	162	19	dahua	dahua	NOUN
fbem-14878	162	20	logistics	logistic	NOUN
fbem-14878	162	21	,	,	PUNCT
fbem-14878	162	22	and	and	CCONJ
fbem-14878	162	23	hainan	hainan	PROPN
fbem-14878	162	24	airlines	airlines	PROPN
fbem-14878	162	25	group	group	PROPN
fbem-14878	162	26	hong	hong	PROPN
fbem-14878	162	27	kong	kong	PROPN
fbem-14878	162	28	limited	limited	PROPN
fbem-14878	162	29	.	.	PUNCT
fbem-14878	163	1	bohai	bohai	PROPN
fbem-14878	163	2	financial	financial	ADJ
fbem-14878	163	3	holding	holding	NOUN
fbem-14878	163	4	is	be	AUX
fbem-14878	163	5	an	an	DET
fbem-14878	163	6	enterprise	enterprise	NOUN
fbem-14878	163	7	under	under	ADP
fbem-14878	163	8	hainan	hainan	PROPN
fbem-14878	163	9	airlines	airlines	PROPN
fbem-14878	163	10	capital	capital	NOUN
fbem-14878	163	11	,	,	PUNCT
fbem-14878	163	12	and	and	CCONJ
fbem-14878	163	13	the	the	DET
fbem-14878	163	14	complexity	complexity	NOUN
fbem-14878	163	15	of	of	ADP
fbem-14878	163	16	the	the	DET
fbem-14878	163	17	group	group	NOUN
fbem-14878	163	18	makes	make	VERB
fbem-14878	163	19	information	information	NOUN
fbem-14878	163	20	transmission	transmission	NOUN
fbem-14878	163	21	and	and	CCONJ
fbem-14878	163	22	communication	communication	NOUN
fbem-14878	163	23	time	time	NOUN
fbem-14878	163	24	longer	long	ADV
fbem-14878	163	25	.	.	PUNCT
fbem-14878	164	1	at	at	ADP
fbem-14878	164	2	the	the	DET
fbem-14878	164	3	same	same	ADJ
fbem-14878	164	4	time	time	NOUN
fbem-14878	164	5	,	,	PUNCT
fbem-14878	164	6	many	many	ADJ
fbem-14878	164	7	enterprises	enterprise	NOUN
fbem-14878	164	8	are	be	AUX
fbem-14878	164	9	one	one	NUM
fbem-14878	164	10	-	-	PUNCT
fbem-14878	164	11	way	way	NOUN
fbem-14878	164	12	in	in	ADP
fbem-14878	164	13	the	the	DET
fbem-14878	164	14	process	process	NOUN
fbem-14878	164	15	of	of	ADP
fbem-14878	164	16	information	information	NOUN
fbem-14878	164	17	exchange	exchange	NOUN
fbem-14878	164	18	and	and	CCONJ
fbem-14878	164	19	transmission	transmission	NOUN
fbem-14878	164	20	,	,	PUNCT
fbem-14878	164	21	that	that	ADV
fbem-14878	164	22	is	is	ADV
fbem-14878	164	23	,	,	PUNCT
fbem-14878	164	24	conveying	convey	VERB
fbem-14878	164	25	instructions	instruction	NOUN
fbem-14878	164	26	from	from	ADP
fbem-14878	164	27	upper	upper	ADJ
fbem-14878	164	28	to	to	ADP
fbem-14878	164	29	lower	low	ADJ
fbem-14878	164	30	levels	level	NOUN
fbem-14878	164	31	without	without	ADP
fbem-14878	164	32	paying	pay	VERB
fbem-14878	164	33	attention	attention	NOUN
fbem-14878	164	34	to	to	ADP
fbem-14878	164	35	communication	communication	NOUN
fbem-14878	164	36	,	,	PUNCT
fbem-14878	164	37	this	this	PRON
fbem-14878	164	38	limits	limit	VERB
fbem-14878	164	39	the	the	DET
fbem-14878	164	40	group	group	NOUN
fbem-14878	164	41	's	's	PART
fbem-14878	164	42	understanding	understanding	NOUN
fbem-14878	164	43	of	of	ADP
fbem-14878	164	44	its	its	PRON
fbem-14878	164	45	subsidiaries	subsidiary	NOUN
fbem-14878	164	46	.	.	PUNCT
fbem-14878	165	1	there	there	PRON
fbem-14878	165	2	are	be	VERB
fbem-14878	165	3	too	too	ADV
fbem-14878	165	4	many	many	ADJ
fbem-14878	165	5	management	management	NOUN
fbem-14878	165	6	levels	level	NOUN
fbem-14878	165	7	between	between	ADP
fbem-14878	165	8	bohai	bohai	NOUN
fbem-14878	165	9	financial	financial	ADJ
fbem-14878	165	10	holding	holding	NOUN
fbem-14878	165	11	and	and	CCONJ
fbem-14878	165	12	hna	hna	PROPN
fbem-14878	165	13	group	group	NOUN
fbem-14878	165	14	,	,	PUNCT
fbem-14878	165	15	which	which	PRON
fbem-14878	165	16	may	may	AUX
fbem-14878	165	17	result	result	VERB
fbem-14878	165	18	in	in	ADP
fbem-14878	165	19	delayed	delay	VERB
fbem-14878	165	20	and	and	CCONJ
fbem-14878	165	21	inaccurate	inaccurate	ADJ
fbem-14878	165	22	communication	communication	NOUN
fbem-14878	165	23	with	with	ADP
fbem-14878	165	24	the	the	DET
fbem-14878	165	25	group	group	NOUN
fbem-14878	165	26	when	when	SCONJ
fbem-14878	165	27	acquiring	acquire	VERB
fbem-14878	165	28	avolon	avolon	NOUN
fbem-14878	165	29	company	company	NOUN
fbem-14878	165	30	.	.	PUNCT
fbem-14878	166	1	3.4.2	3.4.2	X
fbem-14878	166	2	.	.	PUNCT
fbem-14878	167	1	risks	risk	NOUN
fbem-14878	167	2	during	during	ADP
fbem-14878	167	3	the	the	DET
fbem-14878	167	4	merger	merger	NOUN
fbem-14878	167	5	and	and	CCONJ
fbem-14878	167	6	acquisition	acquisition	NOUN
fbem-14878	167	7	period	period	NOUN
fbem-14878	167	8	of	of	ADP
fbem-14878	167	9	hainan	hainan	PROPN
fbem-14878	167	10	airlines	airline	NOUN
fbem-14878	167	11	(	(	PUNCT
fbem-14878	167	12	1	1	NUM
fbem-14878	167	13	)	)	PUNCT
fbem-14878	167	14	transaction	transaction	NOUN
fbem-14878	167	15	execution	execution	NOUN
fbem-14878	167	16	risk	risk	NOUN
fbem-14878	167	17	.	.	PUNCT
fbem-14878	168	1	there	there	PRON
fbem-14878	168	2	is	be	VERB
fbem-14878	168	3	a	a	DET
fbem-14878	168	4	transaction	transaction	NOUN
fbem-14878	168	5	execution	execution	NOUN
fbem-14878	168	6	risk	risk	NOUN
fbem-14878	168	7	during	during	ADP
fbem-14878	168	8	the	the	DET
fbem-14878	168	9	merger	merger	NOUN
fbem-14878	168	10	and	and	CCONJ
fbem-14878	168	11	acquisition	acquisition	NOUN
fbem-14878	168	12	of	of	ADP
fbem-14878	168	13	avolon	avolon	NOUN
fbem-14878	168	14	by	by	ADP
fbem-14878	168	15	hainan	hainan	PROPN
fbem-14878	168	16	airlines	airlines	PROPN
fbem-14878	168	17	.	.	PUNCT
fbem-14878	169	1	hainan	hainan	PROPN
fbem-14878	169	2	airlines	airlines	PROPN
fbem-14878	169	3	is	be	AUX
fbem-14878	169	4	a	a	DET
fbem-14878	169	5	conglomerate	conglomerate	NOUN
fbem-14878	169	6	,	,	PUNCT
fbem-14878	169	7	and	and	CCONJ
fbem-14878	169	8	the	the	DET
fbem-14878	169	9	merger	merger	NOUN
fbem-14878	169	10	and	and	CCONJ
fbem-14878	169	11	acquisition	acquisition	NOUN
fbem-14878	169	12	of	of	ADP
fbem-14878	169	13	avolon	avolon	NOUN
fbem-14878	169	14	was	be	AUX
fbem-14878	169	15	not	not	PART
fbem-14878	169	16	carried	carry	VERB
fbem-14878	169	17	out	out	ADP
fbem-14878	169	18	by	by	ADP
fbem-14878	169	19	hainan	hainan	PROPN
fbem-14878	169	20	airlines	airlines	PROPN
fbem-14878	169	21	group	group	NOUN
fbem-14878	169	22	,	,	PUNCT
fbem-14878	169	23	but	but	CCONJ
fbem-14878	169	24	through	through	ADP
fbem-14878	169	25	its	its	PRON
fbem-14878	169	26	subsidiary	subsidiary	NOUN
fbem-14878	169	27	bohai	bohai	NOUN
fbem-14878	169	28	leasing	leasing	NOUN
fbem-14878	169	29	.	.	PUNCT
fbem-14878	170	1	although	although	SCONJ
fbem-14878	170	2	hainan	hainan	PROPN
fbem-14878	170	3	airlines	airlines	PROPN
fbem-14878	170	4	has	have	AUX
fbem-14878	170	5	had	have	VERB
fbem-14878	170	6	multiple	multiple	ADJ
fbem-14878	170	7	internal	internal	ADJ
fbem-14878	170	8	discussions	discussion	NOUN
fbem-14878	170	9	before	before	ADP
fbem-14878	170	10	the	the	DET
fbem-14878	170	11	merger	merger	NOUN
fbem-14878	170	12	,	,	PUNCT
fbem-14878	170	13	the	the	DET
fbem-14878	170	14	complexity	complexity	NOUN
fbem-14878	170	15	of	of	ADP
fbem-14878	170	16	the	the	DET
fbem-14878	170	17	group	group	NOUN
fbem-14878	170	18	structure	structure	NOUN
fbem-14878	170	19	and	and	CCONJ
fbem-14878	170	20	the	the	DET
fbem-14878	170	21	timing	timing	NOUN
fbem-14878	170	22	of	of	ADP
fbem-14878	170	23	management	management	NOUN
fbem-14878	170	24	decisions	decision	NOUN
fbem-14878	170	25	during	during	ADP
fbem-14878	170	26	the	the	DET
fbem-14878	170	27	actual	actual	ADJ
fbem-14878	170	28	merger	merger	NOUN
fbem-14878	170	29	will	will	AUX
fbem-14878	170	30	have	have	VERB
fbem-14878	170	31	an	an	DET
fbem-14878	170	32	impact	impact	NOUN
fbem-14878	170	33	on	on	ADP
fbem-14878	170	34	the	the	DET
fbem-14878	170	35	merger	merger	NOUN
fbem-14878	170	36	outcome	outcome	NOUN
fbem-14878	170	37	.	.	PUNCT
fbem-14878	171	1	although	although	SCONJ
fbem-14878	171	2	a	a	DET
fbem-14878	171	3	merger	merger	NOUN
fbem-14878	171	4	and	and	CCONJ
fbem-14878	171	5	acquisition	acquisition	NOUN
fbem-14878	171	6	plan	plan	NOUN
fbem-14878	171	7	was	be	AUX
fbem-14878	171	8	made	make	VERB
fbem-14878	171	9	in	in	ADP
fbem-14878	171	10	the	the	DET
fbem-14878	171	11	early	early	ADJ
fbem-14878	171	12	191	191	NUM
fbem-14878	171	13	stage	stage	NOUN
fbem-14878	171	14	,	,	PUNCT
fbem-14878	171	15	there	there	PRON
fbem-14878	171	16	may	may	AUX
fbem-14878	171	17	still	still	ADV
fbem-14878	171	18	be	be	AUX
fbem-14878	171	19	unexpected	unexpected	ADJ
fbem-14878	171	20	situations	situation	NOUN
fbem-14878	171	21	that	that	PRON
fbem-14878	171	22	affect	affect	VERB
fbem-14878	171	23	the	the	DET
fbem-14878	171	24	progress	progress	NOUN
fbem-14878	171	25	of	of	ADP
fbem-14878	171	26	the	the	DET
fbem-14878	171	27	merger	merger	NOUN
fbem-14878	171	28	and	and	CCONJ
fbem-14878	171	29	acquisition	acquisition	NOUN
fbem-14878	171	30	transaction	transaction	NOUN
fbem-14878	171	31	.	.	PUNCT
fbem-14878	172	1	according	accord	VERB
fbem-14878	172	2	to	to	ADP
fbem-14878	172	3	the	the	DET
fbem-14878	172	4	announcement	announcement	NOUN
fbem-14878	172	5	disclosed	disclose	VERB
fbem-14878	172	6	by	by	ADP
fbem-14878	172	7	bohai	bohai	NOUN
fbem-14878	172	8	leasing	leasing	NOUN
fbem-14878	172	9	,	,	PUNCT
fbem-14878	172	10	bohai	bohai	ADJ
fbem-14878	172	11	financial	financial	ADJ
fbem-14878	172	12	holding	holding	NOUN
fbem-14878	172	13	has	have	AUX
fbem-14878	172	14	applied	apply	VERB
fbem-14878	172	15	for	for	ADP
fbem-14878	172	16	a	a	DET
fbem-14878	172	17	suspension	suspension	NOUN
fbem-14878	172	18	of	of	ADP
fbem-14878	172	19	trading	trading	NOUN
fbem-14878	172	20	since	since	SCONJ
fbem-14878	172	21	july	july	PROPN
fbem-14878	172	22	7	7	NUM
fbem-14878	172	23	,	,	PUNCT
fbem-14878	172	24	2015	2015	NUM
fbem-14878	172	25	,	,	PUNCT
fbem-14878	172	26	in	in	ADP
fbem-14878	172	27	preparation	preparation	NOUN
fbem-14878	172	28	for	for	ADP
fbem-14878	172	29	the	the	DET
fbem-14878	172	30	acquisition	acquisition	NOUN
fbem-14878	172	31	of	of	ADP
fbem-14878	172	32	avolon	avolon	PROPN
fbem-14878	172	33	.	.	PUNCT
fbem-14878	173	1	on	on	ADP
fbem-14878	173	2	july	july	PROPN
fbem-14878	173	3	14	14	NUM
fbem-14878	173	4	,	,	PUNCT
fbem-14878	173	5	bohai	bohai	NOUN
fbem-14878	173	6	leasing	leasing	NOUN
fbem-14878	173	7	has	have	AUX
fbem-14878	173	8	reached	reach	VERB
fbem-14878	173	9	an	an	DET
fbem-14878	173	10	agreement	agreement	NOUN
fbem-14878	173	11	with	with	ADP
fbem-14878	173	12	avolon	avolon	NOUN
fbem-14878	173	13	to	to	PART
fbem-14878	173	14	acquire	acquire	VERB
fbem-14878	173	15	a	a	DET
fbem-14878	173	16	20	20	NUM
fbem-14878	173	17	%	%	NOUN
fbem-14878	173	18	equity	equity	NOUN
fbem-14878	173	19	stake	stake	NOUN
fbem-14878	173	20	in	in	ADP
fbem-14878	173	21	avolon	avolon	PROPN
fbem-14878	173	22	.	.	PUNCT
fbem-14878	174	1	however	however	ADV
fbem-14878	174	2	,	,	PUNCT
fbem-14878	174	3	after	after	ADP
fbem-14878	174	4	the	the	DET
fbem-14878	174	5	announcement	announcement	NOUN
fbem-14878	174	6	of	of	ADP
fbem-14878	174	7	bohai	bohai	NOUN
fbem-14878	174	8	leasing	leasing	NOUN
fbem-14878	174	9	,	,	PUNCT
fbem-14878	174	10	avolon	avolon	PROPN
fbem-14878	174	11	received	receive	VERB
fbem-14878	174	12	an	an	DET
fbem-14878	174	13	invitation	invitation	NOUN
fbem-14878	174	14	from	from	ADP
fbem-14878	174	15	a	a	DET
fbem-14878	174	16	third	third	ADJ
fbem-14878	174	17	party	party	NOUN
fbem-14878	174	18	to	to	PART
fbem-14878	174	19	acquire	acquire	VERB
fbem-14878	174	20	100	100	NUM
fbem-14878	174	21	%	%	NOUN
fbem-14878	174	22	equity	equity	NOUN
fbem-14878	174	23	,	,	PUNCT
fbem-14878	174	24	which	which	PRON
fbem-14878	174	25	forced	force	VERB
fbem-14878	174	26	bohai	bohai	NOUN
fbem-14878	174	27	leasing	leasing	NOUN
fbem-14878	174	28	to	to	PART
fbem-14878	174	29	convene	convene	VERB
fbem-14878	174	30	an	an	DET
fbem-14878	174	31	extraordinary	extraordinary	ADJ
fbem-14878	174	32	board	board	NOUN
fbem-14878	174	33	meeting	meeting	NOUN
fbem-14878	174	34	and	and	CCONJ
fbem-14878	174	35	change	change	VERB
fbem-14878	174	36	the	the	DET
fbem-14878	174	37	original	original	ADJ
fbem-14878	174	38	acquisition	acquisition	NOUN
fbem-14878	174	39	of	of	ADP
fbem-14878	174	40	20	20	NUM
fbem-14878	174	41	%	%	NOUN
fbem-14878	174	42	equity	equity	NOUN
fbem-14878	174	43	in	in	ADP
fbem-14878	174	44	avolon	avolon	PROPN
fbem-14878	174	45	to	to	ADP
fbem-14878	174	46	a	a	DET
fbem-14878	174	47	comprehensive	comprehensive	ADJ
fbem-14878	174	48	invitation	invitation	NOUN
fbem-14878	174	49	to	to	PART
fbem-14878	174	50	acquire	acquire	VERB
fbem-14878	174	51	100	100	NUM
fbem-14878	174	52	%	%	NOUN
fbem-14878	174	53	equity	equity	NOUN
fbem-14878	174	54	in	in	ADP
fbem-14878	174	55	avolon	avolon	PROPN
fbem-14878	174	56	.	.	PUNCT
fbem-14878	175	1	due	due	ADP
fbem-14878	175	2	to	to	ADP
fbem-14878	175	3	the	the	DET
fbem-14878	175	4	long	long	ADJ
fbem-14878	175	5	transaction	transaction	NOUN
fbem-14878	175	6	time	time	NOUN
fbem-14878	175	7	and	and	CCONJ
fbem-14878	175	8	the	the	DET
fbem-14878	175	9	failure	failure	NOUN
fbem-14878	175	10	to	to	PART
fbem-14878	175	11	reach	reach	VERB
fbem-14878	175	12	an	an	DET
fbem-14878	175	13	agreement	agreement	NOUN
fbem-14878	175	14	and	and	CCONJ
fbem-14878	175	15	complete	complete	VERB
fbem-14878	175	16	the	the	DET
fbem-14878	175	17	transaction	transaction	NOUN
fbem-14878	175	18	in	in	ADP
fbem-14878	175	19	a	a	DET
fbem-14878	175	20	timely	timely	ADJ
fbem-14878	175	21	manner	manner	NOUN
fbem-14878	175	22	,	,	PUNCT
fbem-14878	175	23	hainan	hainan	PROPN
fbem-14878	175	24	airlines	airlines	PROPN
fbem-14878	175	25	'	'	PART
fbem-14878	175	26	merger	merger	NOUN
fbem-14878	175	27	and	and	CCONJ
fbem-14878	175	28	acquisition	acquisition	NOUN
fbem-14878	175	29	plan	plan	NOUN
fbem-14878	175	30	was	be	AUX
fbem-14878	175	31	disrupted	disrupt	VERB
fbem-14878	175	32	by	by	ADP
fbem-14878	175	33	third	third	ADJ
fbem-14878	175	34	parties	party	NOUN
fbem-14878	175	35	,	,	PUNCT
fbem-14878	175	36	which	which	PRON
fbem-14878	175	37	also	also	ADV
fbem-14878	175	38	put	put	VERB
fbem-14878	175	39	hainan	hainan	PROPN
fbem-14878	175	40	airlines	airline	NOUN
fbem-14878	175	41	in	in	ADP
fbem-14878	175	42	a	a	DET
fbem-14878	175	43	slightly	slightly	ADV
fbem-14878	175	44	passive	passive	ADJ
fbem-14878	175	45	situation	situation	NOUN
fbem-14878	175	46	and	and	CCONJ
fbem-14878	175	47	increased	increase	VERB
fbem-14878	175	48	the	the	DET
fbem-14878	175	49	difficulty	difficulty	NOUN
fbem-14878	175	50	of	of	ADP
fbem-14878	175	51	the	the	DET
fbem-14878	175	52	merger	merger	NOUN
fbem-14878	175	53	and	and	CCONJ
fbem-14878	175	54	acquisition	acquisition	NOUN
fbem-14878	175	55	.	.	PUNCT
fbem-14878	176	1	(	(	PUNCT
fbem-14878	176	2	2	2	X
fbem-14878	176	3	)	)	PUNCT
fbem-14878	176	4	financing	financing	NOUN
fbem-14878	176	5	risk	risk	NOUN
fbem-14878	176	6	.	.	PUNCT
fbem-14878	177	1	with	with	ADP
fbem-14878	177	2	the	the	DET
fbem-14878	177	3	increase	increase	NOUN
fbem-14878	177	4	in	in	ADP
fbem-14878	177	5	the	the	DET
fbem-14878	177	6	acquisition	acquisition	NOUN
fbem-14878	177	7	of	of	ADP
fbem-14878	177	8	20	20	NUM
fbem-14878	177	9	%	%	NOUN
fbem-14878	177	10	equity	equity	NOUN
fbem-14878	177	11	in	in	ADP
fbem-14878	177	12	avolon	avolon	PROPN
fbem-14878	177	13	to	to	ADP
fbem-14878	177	14	100	100	NUM
fbem-14878	177	15	%	%	NOUN
fbem-14878	177	16	equity	equity	NOUN
fbem-14878	177	17	,	,	PUNCT
fbem-14878	177	18	the	the	DET
fbem-14878	177	19	cost	cost	NOUN
fbem-14878	177	20	of	of	ADP
fbem-14878	177	21	bohai	bohai	NOUN
fbem-14878	177	22	leasing	leasing	NOUN
fbem-14878	177	23	has	have	AUX
fbem-14878	177	24	significantly	significantly	ADV
fbem-14878	177	25	increased	increase	VERB
fbem-14878	177	26	,	,	PUNCT
fbem-14878	177	27	which	which	PRON
fbem-14878	177	28	also	also	ADV
fbem-14878	177	29	brings	bring	VERB
fbem-14878	177	30	financing	financing	NOUN
fbem-14878	177	31	risks	risk	NOUN
fbem-14878	177	32	.	.	PUNCT
fbem-14878	178	1	unlike	unlike	ADP
fbem-14878	178	2	avic	avic	PROPN
fbem-14878	178	3	,	,	PUNCT
fbem-14878	178	4	hainan	hainan	PROPN
fbem-14878	178	5	airlines	airlines	PROPN
fbem-14878	178	6	,	,	PUNCT
fbem-14878	178	7	as	as	ADP
fbem-14878	178	8	a	a	DET
fbem-14878	178	9	private	private	ADJ
fbem-14878	178	10	enterprise	enterprise	NOUN
fbem-14878	178	11	,	,	PUNCT
fbem-14878	178	12	has	have	AUX
fbem-14878	178	13	become	become	VERB
fbem-14878	178	14	an	an	DET
fbem-14878	178	15	international	international	ADJ
fbem-14878	178	16	group	group	NOUN
fbem-14878	178	17	through	through	ADP
fbem-14878	178	18	mergers	merger	NOUN
fbem-14878	178	19	and	and	CCONJ
fbem-14878	178	20	acquisitions	acquisition	NOUN
fbem-14878	178	21	and	and	CCONJ
fbem-14878	178	22	its	its	PRON
fbem-14878	178	23	own	own	ADJ
fbem-14878	178	24	development	development	NOUN
fbem-14878	178	25	,	,	PUNCT
fbem-14878	178	26	but	but	CCONJ
fbem-14878	178	27	its	its	PRON
fbem-14878	178	28	financial	financial	ADJ
fbem-14878	178	29	support	support	NOUN
fbem-14878	178	30	is	be	AUX
fbem-14878	178	31	still	still	ADV
fbem-14878	178	32	inferior	inferior	ADJ
fbem-14878	178	33	to	to	ADP
fbem-14878	178	34	state	state	NOUN
fbem-14878	178	35	-	-	PUNCT
fbem-14878	178	36	owned	own	VERB
fbem-14878	178	37	enterprises	enterprise	NOUN
fbem-14878	178	38	.	.	PUNCT
fbem-14878	179	1	according	accord	VERB
fbem-14878	179	2	to	to	ADP
fbem-14878	179	3	the	the	DET
fbem-14878	179	4	annual	annual	ADJ
fbem-14878	179	5	report	report	NOUN
fbem-14878	179	6	,	,	PUNCT
fbem-14878	179	7	bohai	bohai	NOUN
fbem-14878	179	8	leasing	leasing	NOUN
fbem-14878	179	9	had	have	VERB
fbem-14878	179	10	an	an	DET
fbem-14878	179	11	asset	asset	NOUN
fbem-14878	179	12	liability	liability	NOUN
fbem-14878	179	13	ratio	ratio	NOUN
fbem-14878	179	14	of	of	ADP
fbem-14878	179	15	85.32	85.32	NUM
fbem-14878	179	16	%	%	NOUN
fbem-14878	179	17	in	in	ADP
fbem-14878	179	18	2013	2013	NUM
fbem-14878	179	19	,	,	PUNCT
fbem-14878	179	20	81.39	81.39	NUM
fbem-14878	179	21	%	%	NOUN
fbem-14878	179	22	in	in	ADP
fbem-14878	179	23	2014	2014	NUM
fbem-14878	179	24	,	,	PUNCT
fbem-14878	179	25	and	and	CCONJ
fbem-14878	179	26	75.33	75.33	NUM
fbem-14878	179	27	%	%	NOUN
fbem-14878	179	28	in	in	ADP
fbem-14878	179	29	2015	2015	NUM
fbem-14878	179	30	.	.	PUNCT
fbem-14878	180	1	although	although	SCONJ
fbem-14878	180	2	the	the	DET
fbem-14878	180	3	asset	asset	NOUN
fbem-14878	180	4	liability	liability	NOUN
fbem-14878	180	5	ratio	ratio	NOUN
fbem-14878	180	6	continues	continue	VERB
fbem-14878	180	7	to	to	PART
fbem-14878	180	8	decline	decline	VERB
fbem-14878	180	9	,	,	PUNCT
fbem-14878	180	10	bohai	bohai	ADJ
fbem-14878	180	11	leasing	leasing	NOUN
fbem-14878	180	12	's	's	PART
fbem-14878	180	13	asset	asset	NOUN
fbem-14878	180	14	liability	liability	NOUN
fbem-14878	180	15	ratio	ratio	NOUN
fbem-14878	180	16	is	be	AUX
fbem-14878	180	17	still	still	ADV
fbem-14878	180	18	at	at	ADP
fbem-14878	180	19	a	a	DET
fbem-14878	180	20	relatively	relatively	ADV
fbem-14878	180	21	high	high	ADJ
fbem-14878	180	22	level	level	NOUN
fbem-14878	180	23	in	in	ADP
fbem-14878	180	24	the	the	DET
fbem-14878	180	25	same	same	ADJ
fbem-14878	180	26	industry	industry	NOUN
fbem-14878	180	27	.	.	PUNCT
fbem-14878	181	1	the	the	DET
fbem-14878	181	2	equity	equity	NOUN
fbem-14878	181	3	acquisition	acquisition	NOUN
fbem-14878	181	4	from	from	ADP
fbem-14878	181	5	20	20	NUM
fbem-14878	181	6	%	%	NOUN
fbem-14878	181	7	to	to	PART
fbem-14878	181	8	100	100	NUM
fbem-14878	181	9	%	%	NOUN
fbem-14878	181	10	has	have	AUX
fbem-14878	181	11	brought	bring	VERB
fbem-14878	181	12	larger	large	ADJ
fbem-14878	181	13	scale	scale	NOUN
fbem-14878	181	14	and	and	CCONJ
fbem-14878	181	15	greater	great	ADJ
fbem-14878	181	16	cost	cost	NOUN
fbem-14878	181	17	pressure	pressure	NOUN
fbem-14878	181	18	to	to	ADP
fbem-14878	181	19	hainan	hainan	PROPN
fbem-14878	181	20	airlines	airlines	PROPN
fbem-14878	181	21	,	,	PUNCT
fbem-14878	181	22	if	if	SCONJ
fbem-14878	181	23	hainan	hainan	PROPN
fbem-14878	181	24	airlines	airlines	PROPN
fbem-14878	181	25	chooses	choose	VERB
fbem-14878	181	26	to	to	PART
fbem-14878	181	27	pay	pay	VERB
fbem-14878	181	28	in	in	ADP
fbem-14878	181	29	cash	cash	NOUN
fbem-14878	181	30	during	during	ADP
fbem-14878	181	31	mergers	merger	NOUN
fbem-14878	181	32	and	and	CCONJ
fbem-14878	181	33	acquisitions	acquisition	NOUN
fbem-14878	181	34	,	,	PUNCT
fbem-14878	181	35	it	it	PRON
fbem-14878	181	36	will	will	AUX
fbem-14878	181	37	lead	lead	VERB
fbem-14878	181	38	to	to	ADP
fbem-14878	181	39	excessive	excessive	ADJ
fbem-14878	181	40	occupation	occupation	NOUN
fbem-14878	181	41	of	of	ADP
fbem-14878	181	42	the	the	DET
fbem-14878	181	43	company	company	NOUN
fbem-14878	181	44	's	's	PART
fbem-14878	181	45	working	working	NOUN
fbem-14878	181	46	capital	capital	NOUN
fbem-14878	181	47	,	,	PUNCT
fbem-14878	181	48	posing	pose	VERB
fbem-14878	181	49	risks	risk	NOUN
fbem-14878	181	50	to	to	ADP
fbem-14878	181	51	the	the	DET
fbem-14878	181	52	daily	daily	ADJ
fbem-14878	181	53	operation	operation	NOUN
fbem-14878	181	54	of	of	ADP
fbem-14878	181	55	the	the	DET
fbem-14878	181	56	company	company	NOUN
fbem-14878	181	57	,	,	PUNCT
fbem-14878	181	58	reducing	reduce	VERB
fbem-14878	181	59	the	the	DET
fbem-14878	181	60	company	company	NOUN
fbem-14878	181	61	's	's	PART
fbem-14878	181	62	ability	ability	NOUN
fbem-14878	181	63	to	to	PART
fbem-14878	181	64	respond	respond	VERB
fbem-14878	181	65	to	to	ADP
fbem-14878	181	66	changes	change	NOUN
fbem-14878	181	67	in	in	ADP
fbem-14878	181	68	the	the	DET
fbem-14878	181	69	market	market	NOUN
fbem-14878	181	70	environment	environment	NOUN
fbem-14878	181	71	,	,	PUNCT
fbem-14878	181	72	and	and	CCONJ
fbem-14878	181	73	increasing	increase	VERB
fbem-14878	181	74	the	the	DET
fbem-14878	181	75	company	company	NOUN
fbem-14878	181	76	's	's	PART
fbem-14878	181	77	operational	operational	ADJ
fbem-14878	181	78	risks	risk	NOUN
fbem-14878	181	79	;	;	PUNCT
fbem-14878	181	80	if	if	SCONJ
fbem-14878	181	81	hainan	hainan	PROPN
fbem-14878	181	82	airlines	airlines	PROPN
fbem-14878	181	83	chooses	choose	VERB
fbem-14878	181	84	to	to	PART
fbem-14878	181	85	take	take	VERB
fbem-14878	181	86	on	on	ADP
fbem-14878	181	87	debt	debt	NOUN
fbem-14878	181	88	during	during	ADP
fbem-14878	181	89	mergers	merger	NOUN
fbem-14878	181	90	and	and	CCONJ
fbem-14878	181	91	acquisitions	acquisition	NOUN
fbem-14878	181	92	,	,	PUNCT
fbem-14878	181	93	banks	bank	NOUN
fbem-14878	181	94	and	and	CCONJ
fbem-14878	181	95	other	other	ADJ
fbem-14878	181	96	financial	financial	ADJ
fbem-14878	181	97	institutions	institution	NOUN
fbem-14878	181	98	will	will	AUX
fbem-14878	181	99	evaluate	evaluate	VERB
fbem-14878	181	100	the	the	DET
fbem-14878	181	101	asset	asset	NOUN
fbem-14878	181	102	status	status	NOUN
fbem-14878	181	103	of	of	ADP
fbem-14878	181	104	the	the	DET
fbem-14878	181	105	enterprise	enterprise	NOUN
fbem-14878	181	106	when	when	SCONJ
fbem-14878	181	107	lending	lending	NOUN
fbem-14878	181	108	.	.	PUNCT
fbem-14878	182	1	hainan	hainan	PROPN
fbem-14878	182	2	airlines	airlines	PROPN
fbem-14878	182	3	'	'	PART
fbem-14878	182	4	excessively	excessively	ADV
fbem-14878	182	5	high	high	ADJ
fbem-14878	182	6	debt	debt	NOUN
fbem-14878	182	7	to	to	ADP
fbem-14878	182	8	asset	asset	NOUN
fbem-14878	182	9	ratio	ratio	NOUN
fbem-14878	182	10	is	be	AUX
fbem-14878	182	11	not	not	PART
fbem-14878	182	12	conducive	conducive	ADJ
fbem-14878	182	13	to	to	ADP
fbem-14878	182	14	its	its	PRON
fbem-14878	182	15	loans	loan	NOUN
fbem-14878	182	16	,	,	PUNCT
fbem-14878	182	17	and	and	CCONJ
fbem-14878	182	18	it	it	PRON
fbem-14878	182	19	may	may	AUX
fbem-14878	182	20	also	also	ADV
fbem-14878	182	21	increase	increase	VERB
fbem-14878	182	22	the	the	DET
fbem-14878	182	23	burden	burden	NOUN
fbem-14878	182	24	on	on	ADP
fbem-14878	182	25	the	the	DET
fbem-14878	182	26	enterprise	enterprise	NOUN
fbem-14878	182	27	due	due	ADP
fbem-14878	182	28	to	to	ADP
fbem-14878	182	29	the	the	DET
fbem-14878	182	30	high	high	ADJ
fbem-14878	182	31	loan	loan	NOUN
fbem-14878	182	32	interest	interest	NOUN
fbem-14878	182	33	rate	rate	NOUN
fbem-14878	182	34	,	,	PUNCT
fbem-14878	182	35	leading	lead	VERB
fbem-14878	182	36	to	to	ADP
fbem-14878	182	37	a	a	DET
fbem-14878	182	38	deterioration	deterioration	NOUN
fbem-14878	182	39	of	of	ADP
fbem-14878	182	40	the	the	DET
fbem-14878	182	41	asset	asset	NOUN
fbem-14878	182	42	structure	structure	NOUN
fbem-14878	182	43	after	after	ADP
fbem-14878	182	44	the	the	DET
fbem-14878	182	45	merger	merger	NOUN
fbem-14878	182	46	and	and	CCONJ
fbem-14878	182	47	acquisition	acquisition	NOUN
fbem-14878	182	48	,	,	PUNCT
fbem-14878	182	49	resulting	result	VERB
fbem-14878	182	50	in	in	ADP
fbem-14878	182	51	the	the	DET
fbem-14878	182	52	failure	failure	NOUN
fbem-14878	182	53	and	and	CCONJ
fbem-14878	182	54	bankruptcy	bankruptcy	NOUN
fbem-14878	182	55	of	of	ADP
fbem-14878	182	56	the	the	DET
fbem-14878	182	57	enterprise	enterprise	NOUN
fbem-14878	182	58	's	's	PART
fbem-14878	182	59	operation	operation	NOUN
fbem-14878	182	60	.	.	PUNCT
fbem-14878	183	1	(	(	PUNCT
fbem-14878	183	2	3	3	X
fbem-14878	183	3	)	)	PUNCT
fbem-14878	183	4	due	due	ADJ
fbem-14878	183	5	diligence	diligence	NOUN
fbem-14878	183	6	risk	risk	NOUN
fbem-14878	183	7	.	.	PUNCT
fbem-14878	184	1	due	due	ADJ
fbem-14878	184	2	diligence	diligence	NOUN
fbem-14878	184	3	is	be	AUX
fbem-14878	184	4	the	the	DET
fbem-14878	184	5	investigation	investigation	NOUN
fbem-14878	184	6	conducted	conduct	VERB
fbem-14878	184	7	by	by	ADP
fbem-14878	184	8	the	the	DET
fbem-14878	184	9	acquiring	acquire	VERB
fbem-14878	184	10	party	party	NOUN
fbem-14878	184	11	on	on	ADP
fbem-14878	184	12	the	the	DET
fbem-14878	184	13	acquired	acquire	VERB
fbem-14878	184	14	party	party	NOUN
fbem-14878	184	15	after	after	SCONJ
fbem-14878	184	16	both	both	DET
fbem-14878	184	17	parties	party	NOUN
fbem-14878	184	18	have	have	AUX
fbem-14878	184	19	reached	reach	VERB
fbem-14878	184	20	a	a	DET
fbem-14878	184	21	preliminary	preliminary	ADJ
fbem-14878	184	22	transaction	transaction	NOUN
fbem-14878	184	23	intention	intention	NOUN
fbem-14878	184	24	,	,	PUNCT
fbem-14878	184	25	in	in	ADP
fbem-14878	184	26	order	order	NOUN
fbem-14878	184	27	to	to	PART
fbem-14878	184	28	understand	understand	VERB
fbem-14878	184	29	the	the	DET
fbem-14878	184	30	situation	situation	NOUN
fbem-14878	184	31	of	of	ADP
fbem-14878	184	32	the	the	DET
fbem-14878	184	33	acquired	acquire	VERB
fbem-14878	184	34	company	company	NOUN
fbem-14878	184	35	and	and	CCONJ
fbem-14878	184	36	make	make	VERB
fbem-14878	184	37	reasonable	reasonable	ADJ
fbem-14878	184	38	expectations	expectation	NOUN
fbem-14878	184	39	for	for	ADP
fbem-14878	184	40	the	the	DET
fbem-14878	184	41	future	future	NOUN
fbem-14878	184	42	.	.	PUNCT
fbem-14878	185	1	hainan	hainan	PROPN
fbem-14878	185	2	airlines	airlines	PROPN
fbem-14878	185	3	should	should	AUX
fbem-14878	185	4	prepare	prepare	VERB
fbem-14878	185	5	a	a	DET
fbem-14878	185	6	merger	merger	NOUN
fbem-14878	185	7	and	and	CCONJ
fbem-14878	185	8	acquisition	acquisition	NOUN
fbem-14878	185	9	plan	plan	NOUN
fbem-14878	185	10	in	in	ADP
fbem-14878	185	11	the	the	DET
fbem-14878	185	12	early	early	ADJ
fbem-14878	185	13	preparation	preparation	NOUN
fbem-14878	185	14	stage	stage	NOUN
fbem-14878	185	15	for	for	ADP
fbem-14878	185	16	the	the	DET
fbem-14878	185	17	acquisition	acquisition	NOUN
fbem-14878	185	18	of	of	ADP
fbem-14878	185	19	avolon	avolon	PROPN
fbem-14878	185	20	group	group	PROPN
fbem-14878	185	21	,	,	PUNCT
fbem-14878	185	22	but	but	CCONJ
fbem-14878	185	23	there	there	PRON
fbem-14878	185	24	are	be	VERB
fbem-14878	185	25	many	many	ADJ
fbem-14878	185	26	unknown	unknown	ADJ
fbem-14878	185	27	matters	matter	NOUN
fbem-14878	185	28	during	during	ADP
fbem-14878	185	29	the	the	DET
fbem-14878	185	30	preparation	preparation	NOUN
fbem-14878	185	31	stage	stage	NOUN
fbem-14878	185	32	as	as	SCONJ
fbem-14878	185	33	both	both	DET
fbem-14878	185	34	parties	party	NOUN
fbem-14878	185	35	have	have	AUX
fbem-14878	185	36	not	not	PART
fbem-14878	185	37	yet	yet	ADV
fbem-14878	185	38	had	have	VERB
fbem-14878	185	39	in	in	ADP
fbem-14878	185	40	-	-	PUNCT
fbem-14878	185	41	depth	depth	NOUN
fbem-14878	185	42	contact	contact	NOUN
fbem-14878	185	43	.	.	PUNCT
fbem-14878	186	1	during	during	ADP
fbem-14878	186	2	the	the	DET
fbem-14878	186	3	merger	merger	NOUN
fbem-14878	186	4	and	and	CCONJ
fbem-14878	186	5	acquisition	acquisition	NOUN
fbem-14878	186	6	transaction	transaction	NOUN
fbem-14878	186	7	,	,	PUNCT
fbem-14878	186	8	both	both	DET
fbem-14878	186	9	companies	company	NOUN
fbem-14878	186	10	begin	begin	VERB
fbem-14878	186	11	to	to	PART
fbem-14878	186	12	engage	engage	VERB
fbem-14878	186	13	in	in	ADP
fbem-14878	186	14	communication	communication	NOUN
fbem-14878	186	15	,	,	PUNCT
fbem-14878	186	16	but	but	CCONJ
fbem-14878	186	17	due	due	ADJ
fbem-14878	186	18	diligence	diligence	NOUN
fbem-14878	186	19	requires	require	VERB
fbem-14878	186	20	investigation	investigation	NOUN
fbem-14878	186	21	of	of	ADP
fbem-14878	186	22	a	a	DET
fbem-14878	186	23	variety	variety	NOUN
fbem-14878	186	24	of	of	ADP
fbem-14878	186	25	matters	matter	NOUN
fbem-14878	186	26	.	.	PUNCT
fbem-14878	187	1	if	if	SCONJ
fbem-14878	187	2	the	the	DET
fbem-14878	187	3	company	company	NOUN
fbem-14878	187	4	's	's	PART
fbem-14878	187	5	board	board	NOUN
fbem-14878	187	6	of	of	ADP
fbem-14878	187	7	directors	director	NOUN
fbem-14878	187	8	and	and	CCONJ
fbem-14878	187	9	audit	audit	NOUN
fbem-14878	187	10	committee	committee	NOUN
fbem-14878	187	11	blindly	blindly	ADV
fbem-14878	187	12	believe	believe	VERB
fbem-14878	187	13	avolon	avolon	PROPN
fbem-14878	187	14	's	's	PART
fbem-14878	187	15	disclosed	disclose	VERB
fbem-14878	187	16	statements	statement	NOUN
fbem-14878	187	17	or	or	CCONJ
fbem-14878	187	18	announcements	announcement	NOUN
fbem-14878	187	19	without	without	ADP
fbem-14878	187	20	personally	personally	ADV
fbem-14878	187	21	examining	examine	VERB
fbem-14878	187	22	and	and	CCONJ
fbem-14878	187	23	investigating	investigate	VERB
fbem-14878	187	24	avolon	avolon	NOUN
fbem-14878	187	25	's	's	PART
fbem-14878	187	26	detailed	detailed	ADJ
fbem-14878	187	27	situation	situation	NOUN
fbem-14878	187	28	,	,	PUNCT
fbem-14878	187	29	there	there	PRON
fbem-14878	187	30	may	may	AUX
fbem-14878	187	31	be	be	AUX
fbem-14878	187	32	situations	situation	NOUN
fbem-14878	187	33	where	where	SCONJ
fbem-14878	187	34	the	the	DET
fbem-14878	187	35	acquired	acquire	VERB
fbem-14878	187	36	party	party	NOUN
fbem-14878	187	37	conceals	conceal	VERB
fbem-14878	187	38	nonperforming	nonperforme	VERB
fbem-14878	187	39	assets	asset	NOUN
fbem-14878	187	40	or	or	CCONJ
fbem-14878	187	41	covers	cover	VERB
fbem-14878	187	42	up	up	ADP
fbem-14878	187	43	the	the	DET
fbem-14878	187	44	company	company	NOUN
fbem-14878	187	45	's	's	PART
fbem-14878	187	46	losses	loss	NOUN
fbem-14878	187	47	,	,	PUNCT
fbem-14878	187	48	in	in	ADP
fbem-14878	187	49	this	this	DET
fbem-14878	187	50	situation	situation	NOUN
fbem-14878	187	51	,	,	PUNCT
fbem-14878	187	52	due	due	ADJ
fbem-14878	187	53	diligence	diligence	NOUN
fbem-14878	187	54	can	can	AUX
fbem-14878	187	55	not	not	PART
fbem-14878	187	56	make	make	VERB
fbem-14878	187	57	reasonable	reasonable	ADJ
fbem-14878	187	58	expectations	expectation	NOUN
fbem-14878	187	59	for	for	ADP
fbem-14878	187	60	the	the	DET
fbem-14878	187	61	future	future	ADJ
fbem-14878	187	62	development	development	NOUN
fbem-14878	187	63	of	of	ADP
fbem-14878	187	64	the	the	DET
fbem-14878	187	65	enterprise	enterprise	NOUN
fbem-14878	187	66	,	,	PUNCT
fbem-14878	187	67	and	and	CCONJ
fbem-14878	187	68	the	the	DET
fbem-14878	187	69	completed	complete	VERB
fbem-14878	187	70	cross	cross	ADJ
fbem-14878	187	71	-	-	ADJ
fbem-14878	187	72	border	border	ADJ
fbem-14878	187	73	m&a	m&a	PROPN
fbem-14878	187	74	transaction	transaction	NOUN
fbem-14878	187	75	may	may	AUX
fbem-14878	187	76	deviate	deviate	VERB
fbem-14878	187	77	from	from	ADP
fbem-14878	187	78	the	the	DET
fbem-14878	187	79	transaction	transaction	NOUN
fbem-14878	187	80	purpose	purpose	NOUN
fbem-14878	187	81	of	of	ADP
fbem-14878	187	82	the	the	DET
fbem-14878	187	83	enterprise	enterprise	NOUN
fbem-14878	187	84	.	.	PUNCT
fbem-14878	188	1	therefore	therefore	ADV
fbem-14878	188	2	,	,	PUNCT
fbem-14878	188	3	there	there	PRON
fbem-14878	188	4	is	be	VERB
fbem-14878	188	5	also	also	ADV
fbem-14878	188	6	a	a	DET
fbem-14878	188	7	risk	risk	NOUN
fbem-14878	188	8	of	of	ADP
fbem-14878	188	9	due	due	ADJ
fbem-14878	188	10	diligence	diligence	NOUN
fbem-14878	188	11	in	in	ADP
fbem-14878	188	12	the	the	DET
fbem-14878	188	13	process	process	NOUN
fbem-14878	188	14	of	of	ADP
fbem-14878	188	15	hna	hna	PROPN
fbem-14878	188	16	m&a	m&a	PROPN
fbem-14878	188	17	.	.	PUNCT
fbem-14878	189	1	(	(	PUNCT
fbem-14878	189	2	4	4	X
fbem-14878	189	3	)	)	PUNCT
fbem-14878	189	4	financial	financial	ADJ
fbem-14878	189	5	risk	risk	NOUN
fbem-14878	189	6	.	.	PUNCT
fbem-14878	190	1	hna	hna	PROPN
fbem-14878	190	2	may	may	AUX
fbem-14878	190	3	face	face	VERB
fbem-14878	190	4	its	its	PRON
fbem-14878	190	5	own	own	ADJ
fbem-14878	190	6	financial	financial	ADJ
fbem-14878	190	7	risks	risk	NOUN
fbem-14878	190	8	when	when	SCONJ
fbem-14878	190	9	acquiring	acquire	VERB
fbem-14878	190	10	avolon	avolon	PROPN
fbem-14878	190	11	.	.	PUNCT
fbem-14878	191	1	this	this	PRON
fbem-14878	191	2	is	be	AUX
fbem-14878	191	3	related	relate	VERB
fbem-14878	191	4	to	to	ADP
fbem-14878	191	5	whether	whether	SCONJ
fbem-14878	191	6	the	the	DET
fbem-14878	191	7	company	company	NOUN
fbem-14878	191	8	conducted	conduct	VERB
fbem-14878	191	9	due	due	ADJ
fbem-14878	191	10	diligence	diligence	NOUN
fbem-14878	191	11	during	during	ADP
fbem-14878	191	12	the	the	DET
fbem-14878	191	13	merger	merger	NOUN
fbem-14878	191	14	and	and	CCONJ
fbem-14878	191	15	acquisition	acquisition	NOUN
fbem-14878	191	16	.	.	PUNCT
fbem-14878	192	1	hna	hna	PROPN
fbem-14878	192	2	needs	need	VERB
fbem-14878	192	3	to	to	PART
fbem-14878	192	4	estimate	estimate	VERB
fbem-14878	192	5	avolon	avolon	NOUN
fbem-14878	192	6	's	's	PART
fbem-14878	192	7	corporate	corporate	ADJ
fbem-14878	192	8	value	value	NOUN
fbem-14878	192	9	during	during	ADP
fbem-14878	192	10	the	the	DET
fbem-14878	192	11	merger	merger	NOUN
fbem-14878	192	12	and	and	CCONJ
fbem-14878	192	13	acquisition	acquisition	NOUN
fbem-14878	192	14	.	.	PUNCT
fbem-14878	193	1	if	if	SCONJ
fbem-14878	193	2	the	the	DET
fbem-14878	193	3	value	value	NOUN
fbem-14878	193	4	of	of	ADP
fbem-14878	193	5	the	the	DET
fbem-14878	193	6	target	target	NOUN
fbem-14878	193	7	company	company	NOUN
fbem-14878	193	8	is	be	AUX
fbem-14878	193	9	underestimated	underestimate	VERB
fbem-14878	193	10	,	,	PUNCT
fbem-14878	193	11	it	it	PRON
fbem-14878	193	12	will	will	AUX
fbem-14878	193	13	cause	cause	VERB
fbem-14878	193	14	avolon	avolon	PROPN
fbem-14878	193	15	's	's	PART
fbem-14878	193	16	dissatisfaction	dissatisfaction	NOUN
fbem-14878	193	17	and	and	CCONJ
fbem-14878	193	18	lead	lead	VERB
fbem-14878	193	19	to	to	ADP
fbem-14878	193	20	the	the	DET
fbem-14878	193	21	failure	failure	NOUN
fbem-14878	193	22	of	of	ADP
fbem-14878	193	23	the	the	DET
fbem-14878	193	24	merger	merger	NOUN
fbem-14878	193	25	and	and	CCONJ
fbem-14878	193	26	acquisition	acquisition	NOUN
fbem-14878	193	27	;	;	PUNCT
fbem-14878	193	28	but	but	CCONJ
fbem-14878	193	29	if	if	SCONJ
fbem-14878	193	30	its	its	PRON
fbem-14878	193	31	valuation	valuation	NOUN
fbem-14878	193	32	is	be	AUX
fbem-14878	193	33	too	too	ADV
fbem-14878	193	34	high	high	ADJ
fbem-14878	193	35	,	,	PUNCT
fbem-14878	193	36	then	then	ADV
fbem-14878	193	37	hainan	hainan	PROPN
fbem-14878	193	38	airlines	airlines	PROPN
fbem-14878	193	39	will	will	AUX
fbem-14878	193	40	have	have	VERB
fbem-14878	193	41	to	to	PART
fbem-14878	193	42	pay	pay	VERB
fbem-14878	193	43	too	too	ADV
fbem-14878	193	44	high	high	ADJ
fbem-14878	193	45	costs	cost	NOUN
fbem-14878	193	46	during	during	ADP
fbem-14878	193	47	the	the	DET
fbem-14878	193	48	merger	merger	NOUN
fbem-14878	193	49	and	and	CCONJ
fbem-14878	193	50	acquisition	acquisition	NOUN
fbem-14878	193	51	,	,	PUNCT
fbem-14878	193	52	increasing	increase	VERB
fbem-14878	193	53	the	the	DET
fbem-14878	193	54	pressure	pressure	NOUN
fbem-14878	193	55	on	on	ADP
fbem-14878	193	56	hainan	hainan	PROPN
fbem-14878	193	57	airlines	airlines	PROPN
fbem-14878	193	58	'	'	PART
fbem-14878	193	59	asset	asset	NOUN
fbem-14878	193	60	liability	liability	NOUN
fbem-14878	193	61	ratio	ratio	NOUN
fbem-14878	193	62	.	.	PUNCT
fbem-14878	194	1	hainan	hainan	PROPN
fbem-14878	194	2	airlines	airlines	PROPN
fbem-14878	194	3	has	have	AUX
fbem-14878	194	4	been	be	AUX
fbem-14878	194	5	continuously	continuously	ADV
fbem-14878	194	6	expanding	expand	VERB
fbem-14878	194	7	and	and	CCONJ
fbem-14878	194	8	acquiring	acquire	VERB
fbem-14878	194	9	overseas	overseas	ADV
fbem-14878	194	10	in	in	ADP
fbem-14878	194	11	the	the	DET
fbem-14878	194	12	form	form	NOUN
fbem-14878	194	13	of	of	ADP
fbem-14878	194	14	"	"	PUNCT
fbem-14878	194	15	debt	debt	NOUN
fbem-14878	194	16	"	"	PUNCT
fbem-14878	194	17	,	,	PUNCT
fbem-14878	194	18	using	use	VERB
fbem-14878	194	19	various	various	ADJ
fbem-14878	194	20	financing	financing	NOUN
fbem-14878	194	21	methods	method	NOUN
fbem-14878	194	22	to	to	PART
fbem-14878	194	23	collateralize	collateralize	VERB
fbem-14878	194	24	its	its	PRON
fbem-14878	194	25	high	high	ADJ
fbem-14878	194	26	-	-	PUNCT
fbem-14878	194	27	quality	quality	NOUN
fbem-14878	194	28	assets	asset	NOUN
fbem-14878	194	29	in	in	ADP
fbem-14878	194	30	exchange	exchange	NOUN
fbem-14878	194	31	for	for	ADP
fbem-14878	194	32	huge	huge	ADJ
fbem-14878	194	33	financial	financial	ADJ
fbem-14878	194	34	support	support	NOUN
fbem-14878	194	35	from	from	ADP
fbem-14878	194	36	financial	financial	ADJ
fbem-14878	194	37	institutions	institution	NOUN
fbem-14878	194	38	,	,	PUNCT
fbem-14878	194	39	and	and	CCONJ
fbem-14878	194	40	then	then	ADV
fbem-14878	194	41	conducting	conduct	VERB
fbem-14878	194	42	more	more	ADJ
fbem-14878	194	43	m&a	m&a	PROPN
fbem-14878	194	44	activities	activity	NOUN
fbem-14878	194	45	through	through	ADP
fbem-14878	194	46	funds	fund	NOUN
fbem-14878	194	47	,	,	PUNCT
fbem-14878	194	48	continuously	continuously	ADV
fbem-14878	194	49	expanding	expand	VERB
fbem-14878	194	50	its	its	PRON
fbem-14878	194	51	own	own	ADJ
fbem-14878	194	52	scale	scale	NOUN
fbem-14878	194	53	in	in	ADP
fbem-14878	194	54	a	a	DET
fbem-14878	194	55	circular	circular	ADJ
fbem-14878	194	56	manner	manner	NOUN
fbem-14878	194	57	.	.	PUNCT
fbem-14878	195	1	according	accord	VERB
fbem-14878	195	2	to	to	ADP
fbem-14878	195	3	the	the	DET
fbem-14878	195	4	annual	annual	ADJ
fbem-14878	195	5	report	report	NOUN
fbem-14878	195	6	disclosed	disclose	VERB
fbem-14878	195	7	by	by	ADP
fbem-14878	195	8	bohai	bohai	NOUN
fbem-14878	195	9	financial	financial	ADJ
fbem-14878	195	10	holding	holding	NOUN
fbem-14878	195	11	,	,	PUNCT
fbem-14878	195	12	its	its	PRON
fbem-14878	195	13	asset	asset	NOUN
fbem-14878	195	14	liability	liability	NOUN
fbem-14878	195	15	ratio	ratio	NOUN
fbem-14878	195	16	was	be	AUX
fbem-14878	195	17	75.33	75.33	NUM
fbem-14878	195	18	%	%	NOUN
fbem-14878	195	19	in	in	ADP
fbem-14878	195	20	2015	2015	NUM
fbem-14878	195	21	,	,	PUNCT
fbem-14878	195	22	while	while	SCONJ
fbem-14878	195	23	its	its	PRON
fbem-14878	195	24	asset	asset	NOUN
fbem-14878	195	25	liability	liability	NOUN
fbem-14878	195	26	ratio	ratio	NOUN
fbem-14878	195	27	increased	increase	VERB
fbem-14878	195	28	to	to	ADP
fbem-14878	195	29	82.58	82.58	NUM
fbem-14878	195	30	%	%	NOUN
fbem-14878	195	31	in	in	ADP
fbem-14878	195	32	2016	2016	NUM
fbem-14878	195	33	.	.	PUNCT
fbem-14878	196	1	hna	hna	PROPN
fbem-14878	196	2	's	's	PART
fbem-14878	196	3	own	own	ADJ
fbem-14878	196	4	business	business	NOUN
fbem-14878	196	5	model	model	NOUN
fbem-14878	196	6	and	and	CCONJ
fbem-14878	196	7	excessively	excessively	ADV
fbem-14878	196	8	high	high	ADJ
fbem-14878	196	9	or	or	CCONJ
fbem-14878	196	10	low	low	ADJ
fbem-14878	196	11	valuations	valuation	NOUN
fbem-14878	196	12	during	during	ADP
fbem-14878	196	13	the	the	DET
fbem-14878	196	14	acquisition	acquisition	NOUN
fbem-14878	196	15	of	of	ADP
fbem-14878	196	16	avolon	avolon	NOUN
fbem-14878	196	17	can	can	AUX
fbem-14878	196	18	have	have	VERB
fbem-14878	196	19	an	an	DET
fbem-14878	196	20	impact	impact	NOUN
fbem-14878	196	21	on	on	ADP
fbem-14878	196	22	its	its	PRON
fbem-14878	196	23	cross	cross	ADJ
fbem-14878	196	24	-	-	ADJ
fbem-14878	196	25	border	border	ADJ
fbem-14878	196	26	mergers	merger	NOUN
fbem-14878	196	27	and	and	CCONJ
fbem-14878	196	28	acquisitions	acquisition	NOUN
fbem-14878	196	29	.	.	PUNCT
fbem-14878	197	1	therefore	therefore	ADV
fbem-14878	197	2	,	,	PUNCT
fbem-14878	197	3	hna	hna	PROPN
fbem-14878	197	4	should	should	AUX
fbem-14878	197	5	pay	pay	VERB
fbem-14878	197	6	attention	attention	NOUN
fbem-14878	197	7	to	to	ADP
fbem-14878	197	8	its	its	PRON
fbem-14878	197	9	own	own	ADJ
fbem-14878	197	10	financial	financial	ADJ
fbem-14878	197	11	risks	risk	NOUN
fbem-14878	197	12	during	during	ADP
fbem-14878	197	13	cross	cross	ADJ
fbem-14878	197	14	-	-	ADJ
fbem-14878	197	15	border	border	ADJ
fbem-14878	197	16	mergers	merger	NOUN
fbem-14878	197	17	and	and	CCONJ
fbem-14878	197	18	acquisitions	acquisition	NOUN
fbem-14878	197	19	.	.	PUNCT
fbem-14878	198	1	3.4.3	3.4.3	X
fbem-14878	198	2	.	.	PUNCT
fbem-14878	199	1	risks	risk	NOUN
fbem-14878	199	2	during	during	ADP
fbem-14878	199	3	hna	hna	PROPN
fbem-14878	199	4	's	's	PART
fbem-14878	199	5	merger	merger	NOUN
fbem-14878	199	6	and	and	CCONJ
fbem-14878	199	7	integration	integration	NOUN
fbem-14878	199	8	period	period	NOUN
fbem-14878	199	9	(	(	PUNCT
fbem-14878	199	10	1	1	X
fbem-14878	199	11	)	)	PUNCT
fbem-14878	199	12	cultural	cultural	ADJ
fbem-14878	199	13	integration	integration	NOUN
fbem-14878	199	14	risks	risk	NOUN
fbem-14878	199	15	.	.	PUNCT
fbem-14878	200	1	as	as	ADP
fbem-14878	200	2	a	a	DET
fbem-14878	200	3	leading	lead	VERB
fbem-14878	200	4	global	global	ADJ
fbem-14878	200	5	aircraft	aircraft	NOUN
fbem-14878	200	6	leasing	lease	VERB
fbem-14878	200	7	company	company	NOUN
fbem-14878	200	8	,	,	PUNCT
fbem-14878	200	9	avolon	avolon	PROPN
fbem-14878	200	10	's	's	PART
fbem-14878	200	11	business	business	NOUN
fbem-14878	200	12	scope	scope	NOUN
fbem-14878	200	13	covers	cover	VERB
fbem-14878	200	14	multiple	multiple	ADJ
fbem-14878	200	15	countries	country	NOUN
fbem-14878	200	16	,	,	PUNCT
fbem-14878	200	17	and	and	CCONJ
fbem-14878	200	18	its	its	PRON
fbem-14878	200	19	development	development	NOUN
fbem-14878	200	20	and	and	CCONJ
fbem-14878	200	21	growth	growth	NOUN
fbem-14878	200	22	can	can	AUX
fbem-14878	200	23	not	not	PART
fbem-14878	200	24	be	be	AUX
fbem-14878	200	25	separated	separate	VERB
fbem-14878	200	26	from	from	ADP
fbem-14878	200	27	its	its	PRON
fbem-14878	200	28	own	own	ADJ
fbem-14878	200	29	corporate	corporate	ADJ
fbem-14878	200	30	culture	culture	NOUN
fbem-14878	200	31	.	.	PUNCT
fbem-14878	201	1	however	however	ADV
fbem-14878	201	2	,	,	PUNCT
fbem-14878	201	3	avolon	avolon	PROPN
fbem-14878	201	4	is	be	AUX
fbem-14878	201	5	also	also	ADV
fbem-14878	201	6	a	a	DET
fbem-14878	201	7	company	company	NOUN
fbem-14878	201	8	that	that	PRON
fbem-14878	201	9	has	have	AUX
fbem-14878	201	10	grown	grow	VERB
fbem-14878	201	11	and	and	CCONJ
fbem-14878	201	12	developed	develop	VERB
fbem-14878	201	13	overseas	overseas	ADV
fbem-14878	201	14	,	,	PUNCT
fbem-14878	201	15	and	and	CCONJ
fbem-14878	201	16	has	have	AUX
fbem-14878	201	17	been	be	AUX
fbem-14878	201	18	greatly	greatly	ADV
fbem-14878	201	19	influenced	influence	VERB
fbem-14878	201	20	by	by	ADP
fbem-14878	201	21	western	western	ADJ
fbem-14878	201	22	capitalist	capitalist	ADJ
fbem-14878	201	23	markets	market	NOUN
fbem-14878	201	24	in	in	ADP
fbem-14878	201	25	its	its	PRON
fbem-14878	201	26	business	business	NOUN
fbem-14878	201	27	development	development	NOUN
fbem-14878	201	28	.	.	PUNCT
fbem-14878	202	1	its	its	PRON
fbem-14878	202	2	corporate	corporate	ADJ
fbem-14878	202	3	culture	culture	NOUN
fbem-14878	202	4	has	have	AUX
fbem-14878	202	5	also	also	ADV
fbem-14878	202	6	been	be	AUX
fbem-14878	202	7	influenced	influence	VERB
fbem-14878	202	8	to	to	ADP
fbem-14878	202	9	some	some	DET
fbem-14878	202	10	extent	extent	NOUN
fbem-14878	202	11	by	by	ADP
fbem-14878	202	12	western	western	ADJ
fbem-14878	202	13	ideas	idea	NOUN
fbem-14878	202	14	.	.	PUNCT
fbem-14878	203	1	hainan	hainan	PROPN
fbem-14878	203	2	airlines	airlines	PROPN
fbem-14878	203	3	is	be	AUX
fbem-14878	203	4	a	a	DET
fbem-14878	203	5	private	private	ADJ
fbem-14878	203	6	enterprise	enterprise	NOUN
fbem-14878	203	7	in	in	ADP
fbem-14878	203	8	china	china	PROPN
fbem-14878	203	9	,	,	PUNCT
fbem-14878	203	10	and	and	CCONJ
fbem-14878	203	11	its	its	PRON
fbem-14878	203	12	traditional	traditional	ADJ
fbem-14878	203	13	chinese	chinese	ADJ
fbem-14878	203	14	culture	culture	NOUN
fbem-14878	203	15	has	have	VERB
fbem-14878	203	16	a	a	DET
fbem-14878	203	17	significant	significant	ADJ
fbem-14878	203	18	impact	impact	NOUN
fbem-14878	203	19	on	on	ADP
fbem-14878	203	20	it	it	PRON
fbem-14878	203	21	.	.	PUNCT
fbem-14878	204	1	there	there	PRON
fbem-14878	204	2	are	be	VERB
fbem-14878	204	3	inevitably	inevitably	ADV
fbem-14878	204	4	differences	difference	NOUN
fbem-14878	204	5	in	in	ADP
fbem-14878	204	6	corporate	corporate	ADJ
fbem-14878	204	7	culture	culture	NOUN
fbem-14878	204	8	between	between	ADP
fbem-14878	204	9	hainan	hainan	PROPN
fbem-14878	204	10	airlines	airlines	PROPN
fbem-14878	204	11	and	and	CCONJ
fbem-14878	204	12	avolon	avolon	PROPN
fbem-14878	204	13	,	,	PUNCT
fbem-14878	204	14	which	which	PRON
fbem-14878	204	15	is	be	AUX
fbem-14878	204	16	located	locate	VERB
fbem-14878	204	17	in	in	ADP
fbem-14878	204	18	the	the	DET
fbem-14878	204	19	west	west	NOUN
fbem-14878	204	20	.	.	PUNCT
fbem-14878	205	1	many	many	ADJ
fbem-14878	205	2	companies	company	NOUN
fbem-14878	205	3	,	,	PUNCT
fbem-14878	205	4	after	after	ADP
fbem-14878	205	5	completing	complete	VERB
fbem-14878	205	6	cross	cross	ADJ
fbem-14878	205	7	-	-	ADJ
fbem-14878	205	8	border	border	ADJ
fbem-14878	205	9	mergers	merger	NOUN
fbem-14878	205	10	and	and	CCONJ
fbem-14878	205	11	acquisitions	acquisition	NOUN
fbem-14878	205	12	,	,	PUNCT
fbem-14878	205	13	fail	fail	VERB
fbem-14878	205	14	to	to	PART
fbem-14878	205	15	integrate	integrate	VERB
fbem-14878	205	16	their	their	PRON
fbem-14878	205	17	corporate	corporate	ADJ
fbem-14878	205	18	culture	culture	NOUN
fbem-14878	205	19	,	,	PUNCT
fbem-14878	205	20	resulting	result	VERB
fbem-14878	205	21	in	in	ADP
fbem-14878	205	22	operational	operational	ADJ
fbem-14878	205	23	failures	failure	NOUN
fbem-14878	205	24	.	.	PUNCT
fbem-14878	206	1	for	for	ADP
fbem-14878	206	2	example	example	NOUN
fbem-14878	206	3	,	,	PUNCT
fbem-14878	206	4	lenovo	lenovo	PROPN
fbem-14878	206	5	's	's	PART
fbem-14878	206	6	acquisition	acquisition	NOUN
fbem-14878	206	7	of	of	ADP
fbem-14878	206	8	motorola	motorola	PROPN
fbem-14878	206	9	failed	fail	VERB
fbem-14878	206	10	to	to	PART
fbem-14878	206	11	integrate	integrate	VERB
fbem-14878	206	12	,	,	PUNCT
fbem-14878	206	13	and	and	CCONJ
fbem-14878	206	14	lenovo	lenovo	PROPN
fbem-14878	206	15	group	group	PROPN
fbem-14878	206	16	successfully	successfully	ADV
fbem-14878	206	17	acquired	acquire	VERB
fbem-14878	206	18	ibm	ibm	PROPN
fbem-14878	206	19	's	's	PART
fbem-14878	206	20	pc	pc	NOUN
fbem-14878	206	21	business	business	NOUN
fbem-14878	206	22	in	in	ADP
fbem-14878	206	23	2004	2004	NUM
fbem-14878	206	24	.	.	PUNCT
fbem-14878	207	1	therefore	therefore	ADV
fbem-14878	207	2	,	,	PUNCT
fbem-14878	207	3	they	they	PRON
fbem-14878	207	4	are	be	AUX
fbem-14878	207	5	confident	confident	ADJ
fbem-14878	207	6	in	in	ADP
fbem-14878	207	7	another	another	DET
fbem-14878	207	8	cross	cross	ADJ
fbem-14878	207	9	-	-	ADJ
fbem-14878	207	10	border	border	ADJ
fbem-14878	207	11	acquisition	acquisition	NOUN
fbem-14878	207	12	of	of	ADP
fbem-14878	207	13	motorola	motorola	PROPN
fbem-14878	207	14	.	.	PUNCT
fbem-14878	208	1	however	however	ADV
fbem-14878	208	2	,	,	PUNCT
fbem-14878	208	3	lenovo	lenovo	PROPN
fbem-14878	208	4	group	group	PROPN
fbem-14878	208	5	ignored	ignore	VERB
fbem-14878	208	6	the	the	DET
fbem-14878	208	7	risk	risk	NOUN
fbem-14878	208	8	of	of	ADP
fbem-14878	208	9	cultural	cultural	ADJ
fbem-14878	208	10	integration	integration	NOUN
fbem-14878	208	11	and	and	CCONJ
fbem-14878	208	12	underestimated	underestimate	VERB
fbem-14878	208	13	the	the	DET
fbem-14878	208	14	impact	impact	NOUN
fbem-14878	208	15	of	of	ADP
fbem-14878	208	16	different	different	ADJ
fbem-14878	208	17	cultures	culture	NOUN
fbem-14878	208	18	on	on	ADP
fbem-14878	208	19	the	the	DET
fbem-14878	208	20	acquisition	acquisition	NOUN
fbem-14878	208	21	.	.	PUNCT
fbem-14878	209	1	(	(	PUNCT
fbem-14878	209	2	2	2	X
fbem-14878	209	3	)	)	PUNCT
fbem-14878	209	4	human	human	ADJ
fbem-14878	209	5	resource	resource	NOUN
fbem-14878	209	6	integration	integration	NOUN
fbem-14878	209	7	risks	risk	NOUN
fbem-14878	209	8	.	.	PUNCT
fbem-14878	210	1	in	in	ADP
fbem-14878	210	2	addition	addition	NOUN
fbem-14878	210	3	to	to	ADP
fbem-14878	210	4	cultural	cultural	ADJ
fbem-14878	210	5	integration	integration	NOUN
fbem-14878	210	6	risks	risk	NOUN
fbem-14878	210	7	,	,	PUNCT
fbem-14878	210	8	human	human	ADJ
fbem-14878	210	9	resource	resource	NOUN
fbem-14878	210	10	integration	integration	NOUN
fbem-14878	210	11	risks	risk	NOUN
fbem-14878	210	12	are	be	AUX
fbem-14878	210	13	also	also	ADV
fbem-14878	210	14	a	a	DET
fbem-14878	210	15	problem	problem	NOUN
fbem-14878	210	16	that	that	PRON
fbem-14878	210	17	hainan	hainan	PROPN
fbem-14878	210	18	airlines	airline	NOUN
fbem-14878	210	19	must	must	AUX
fbem-14878	210	20	face	face	VERB
fbem-14878	210	21	.	.	PUNCT
fbem-14878	211	1	after	after	ADP
fbem-14878	211	2	the	the	DET
fbem-14878	211	3	completion	completion	NOUN
fbem-14878	211	4	of	of	ADP
fbem-14878	211	5	corporate	corporate	ADJ
fbem-14878	211	6	mergers	merger	NOUN
fbem-14878	211	7	and	and	CCONJ
fbem-14878	211	8	acquisitions	acquisition	NOUN
fbem-14878	211	9	,	,	PUNCT
fbem-14878	211	10	it	it	PRON
fbem-14878	211	11	is	be	AUX
fbem-14878	211	12	necessary	necessary	ADJ
fbem-14878	211	13	to	to	PART
fbem-14878	211	14	integrate	integrate	VERB
fbem-14878	211	15	and	and	CCONJ
fbem-14878	211	16	redistribute	redistribute	VERB
fbem-14878	211	17	the	the	DET
fbem-14878	211	18	resources	resource	NOUN
fbem-14878	211	19	of	of	ADP
fbem-14878	211	20	the	the	DET
fbem-14878	211	21	two	two	NUM
fbem-14878	211	22	companies	company	NOUN
fbem-14878	211	23	,	,	PUNCT
fbem-14878	211	24	including	include	VERB
fbem-14878	211	25	human	human	ADJ
fbem-14878	211	26	resources	resource	NOUN
fbem-14878	211	27	.	.	PUNCT
fbem-14878	212	1	however	however	ADV
fbem-14878	212	2	,	,	PUNCT
fbem-14878	212	3	regional	regional	ADJ
fbem-14878	212	4	and	and	CCONJ
fbem-14878	212	5	cultural	cultural	ADJ
fbem-14878	212	6	differences	difference	NOUN
fbem-14878	212	7	always	always	ADV
fbem-14878	212	8	bring	bring	VERB
fbem-14878	212	9	difficulties	difficulty	NOUN
fbem-14878	212	10	to	to	ADP
fbem-14878	212	11	resource	resource	NOUN
fbem-14878	212	12	allocation	allocation	NOUN
fbem-14878	212	13	.	.	PUNCT
fbem-14878	213	1	it	it	PRON
fbem-14878	213	2	is	be	AUX
fbem-14878	213	3	not	not	PART
fbem-14878	213	4	uncommon	uncommon	ADJ
fbem-14878	213	5	for	for	ADP
fbem-14878	213	6	cross	cross	ADJ
fbem-14878	213	7	-	-	ADJ
fbem-14878	213	8	border	border	ADJ
fbem-14878	213	9	mergers	merger	NOUN
fbem-14878	213	10	and	and	CCONJ
fbem-14878	213	11	acquisitions	acquisition	NOUN
fbem-14878	213	12	to	to	PART
fbem-14878	213	13	fail	fail	VERB
fbem-14878	213	14	due	due	ADP
fbem-14878	213	15	to	to	ADP
fbem-14878	213	16	the	the	DET
fbem-14878	213	17	risk	risk	NOUN
fbem-14878	213	18	of	of	ADP
fbem-14878	213	19	human	human	ADJ
fbem-14878	213	20	resource	resource	NOUN
fbem-14878	213	21	integration	integration	NOUN
fbem-14878	213	22	,	,	PUNCT
fbem-14878	213	23	such	such	ADJ
fbem-14878	213	24	as	as	ADP
fbem-14878	213	25	the	the	DET
fbem-14878	213	26	failure	failure	NOUN
fbem-14878	213	27	of	of	ADP
fbem-14878	213	28	tcl	tcl	PROPN
fbem-14878	213	29	's	's	PART
fbem-14878	213	30	acquisition	acquisition	NOUN
fbem-14878	213	31	of	of	ADP
fbem-14878	213	32	alcatel	alcatel	NOUN
fbem-14878	213	33	due	due	ADP
fbem-14878	213	34	to	to	ADP
fbem-14878	213	35	resource	resource	NOUN
fbem-14878	213	36	integration	integration	NOUN
fbem-14878	213	37	failure	failure	NOUN
fbem-14878	213	38	.	.	PUNCT
fbem-14878	214	1	hainan	hainan	PROPN
fbem-14878	214	2	airlines	airlines	PROPN
fbem-14878	214	3	group	group	NOUN
fbem-14878	214	4	has	have	VERB
fbem-14878	214	5	many	many	ADJ
fbem-14878	214	6	branches	branch	NOUN
fbem-14878	214	7	,	,	PUNCT
fbem-14878	214	8	and	and	CCONJ
fbem-14878	214	9	the	the	DET
fbem-14878	214	10	acquisition	acquisition	NOUN
fbem-14878	214	11	of	of	ADP
fbem-14878	214	12	avolon	avolon	NOUN
fbem-14878	214	13	is	be	AUX
fbem-14878	214	14	carried	carry	VERB
fbem-14878	214	15	out	out	ADP
fbem-14878	214	16	by	by	ADP
fbem-14878	214	17	bohai	bohai	NOUN
fbem-14878	214	18	leasing	leasing	NOUN
fbem-14878	214	19	,	,	PUNCT
fbem-14878	214	20	a	a	DET
fbem-14878	214	21	subsidiary	subsidiary	NOUN
fbem-14878	214	22	of	of	ADP
fbem-14878	214	23	hainan	hainan	PROPN
fbem-14878	214	24	airlines	airlines	PROPN
fbem-14878	214	25	group	group	NOUN
fbem-14878	214	26	's	's	PART
fbem-14878	214	27	hainan	hainan	PROPN
fbem-14878	214	28	airlines	airlines	PROPN
fbem-14878	214	29	industry	industry	NOUN
fbem-14878	214	30	.	.	PUNCT
fbem-14878	215	1	the	the	DET
fbem-14878	215	2	huge	huge	ADJ
fbem-14878	215	3	company	company	NOUN
fbem-14878	215	4	structure	structure	NOUN
fbem-14878	215	5	also	also	ADV
fbem-14878	215	6	creates	create	VERB
fbem-14878	215	7	a	a	DET
fbem-14878	215	8	complex	complex	ADJ
fbem-14878	215	9	human	human	ADJ
fbem-14878	215	10	resource	resource	NOUN
fbem-14878	215	11	structure	structure	NOUN
fbem-14878	215	12	.	.	PUNCT
fbem-14878	216	1	therefore	therefore	ADV
fbem-14878	216	2	,	,	PUNCT
fbem-14878	216	3	when	when	SCONJ
fbem-14878	216	4	acquiring	acquire	VERB
fbem-14878	216	5	avolon	avolon	NOUN
fbem-14878	216	6	,	,	PUNCT
fbem-14878	216	7	192	192	NUM
fbem-14878	216	8	hainan	hainan	PROPN
fbem-14878	216	9	airlines	airline	NOUN
fbem-14878	216	10	not	not	PART
fbem-14878	216	11	only	only	ADV
fbem-14878	216	12	needs	need	VERB
fbem-14878	216	13	to	to	PART
fbem-14878	216	14	understand	understand	VERB
fbem-14878	216	15	and	and	CCONJ
fbem-14878	216	16	control	control	VERB
fbem-14878	216	17	its	its	PRON
fbem-14878	216	18	own	own	ADJ
fbem-14878	216	19	human	human	ADJ
fbem-14878	216	20	resources	resource	NOUN
fbem-14878	216	21	,	,	PUNCT
fbem-14878	216	22	but	but	CCONJ
fbem-14878	216	23	also	also	ADV
fbem-14878	216	24	needs	need	VERB
fbem-14878	216	25	to	to	PART
fbem-14878	216	26	grasp	grasp	VERB
fbem-14878	216	27	avolon	avolon	NOUN
fbem-14878	216	28	's	's	PART
fbem-14878	216	29	human	human	ADJ
fbem-14878	216	30	resources	resource	NOUN
fbem-14878	216	31	situation	situation	NOUN
fbem-14878	216	32	.	.	PUNCT
fbem-14878	217	1	however	however	ADV
fbem-14878	217	2	,	,	PUNCT
fbem-14878	217	3	due	due	ADP
fbem-14878	217	4	to	to	ADP
fbem-14878	217	5	geographical	geographical	ADJ
fbem-14878	217	6	location	location	NOUN
fbem-14878	217	7	and	and	CCONJ
fbem-14878	217	8	other	other	ADJ
fbem-14878	217	9	reasons	reason	NOUN
fbem-14878	217	10	,	,	PUNCT
fbem-14878	217	11	hna	hna	PROPN
fbem-14878	217	12	is	be	AUX
fbem-14878	217	13	not	not	PART
fbem-14878	217	14	fully	fully	ADV
fbem-14878	217	15	familiar	familiar	ADJ
fbem-14878	217	16	with	with	ADP
fbem-14878	217	17	avolon	avolon	PROPN
fbem-14878	217	18	's	's	PART
fbem-14878	217	19	human	human	ADJ
fbem-14878	217	20	resources	resource	NOUN
fbem-14878	217	21	structure	structure	NOUN
fbem-14878	217	22	.	.	PUNCT
fbem-14878	218	1	therefore	therefore	ADV
fbem-14878	218	2	,	,	PUNCT
fbem-14878	218	3	in	in	ADP
fbem-14878	218	4	the	the	DET
fbem-14878	218	5	integration	integration	NOUN
fbem-14878	218	6	stage	stage	NOUN
fbem-14878	218	7	after	after	ADP
fbem-14878	218	8	the	the	DET
fbem-14878	218	9	completion	completion	NOUN
fbem-14878	218	10	of	of	ADP
fbem-14878	218	11	the	the	DET
fbem-14878	218	12	merger	merger	NOUN
fbem-14878	218	13	and	and	CCONJ
fbem-14878	218	14	acquisition	acquisition	NOUN
fbem-14878	218	15	,	,	PUNCT
fbem-14878	218	16	hainan	hainan	PROPN
fbem-14878	218	17	airlines	airlines	PROPN
fbem-14878	218	18	still	still	ADV
fbem-14878	218	19	faces	face	VERB
fbem-14878	218	20	the	the	DET
fbem-14878	218	21	risk	risk	NOUN
fbem-14878	218	22	of	of	ADP
fbem-14878	218	23	human	human	ADJ
fbem-14878	218	24	resource	resource	NOUN
fbem-14878	218	25	integration	integration	NOUN
fbem-14878	218	26	.	.	PUNCT
fbem-14878	219	1	4	4	X
fbem-14878	219	2	.	.	X
fbem-14878	219	3	risk	risk	NOUN
fbem-14878	219	4	management	management	NOUN
fbem-14878	219	5	and	and	CCONJ
fbem-14878	219	6	response	response	NOUN
fbem-14878	219	7	strategies	strategy	NOUN
fbem-14878	219	8	for	for	ADP
fbem-14878	219	9	cross	cross	ADJ
fbem-14878	219	10	-	-	ADJ
fbem-14878	219	11	border	border	ADJ
fbem-14878	219	12	mergers	merger	NOUN
fbem-14878	219	13	and	and	CCONJ
fbem-14878	219	14	acquisitions	acquisition	NOUN
fbem-14878	219	15	of	of	ADP
fbem-14878	219	16	enterprises	enterprise	NOUN
fbem-14878	219	17	4.1	4.1	NUM
fbem-14878	219	18	.	.	PUNCT
fbem-14878	220	1	risk	risk	NOUN
fbem-14878	220	2	response	response	NOUN
fbem-14878	220	3	strategies	strategy	NOUN
fbem-14878	220	4	for	for	ADP
fbem-14878	220	5	cross	cross	ADJ
fbem-14878	220	6	-	-	ADJ
fbem-14878	220	7	border	border	ADJ
fbem-14878	220	8	mergers	merger	NOUN
fbem-14878	220	9	and	and	CCONJ
fbem-14878	220	10	acquisitions	acquisition	NOUN
fbem-14878	220	11	in	in	ADP
fbem-14878	220	12	the	the	DET
fbem-14878	220	13	early	early	ADJ
fbem-14878	220	14	stage	stage	NOUN
fbem-14878	220	15	4.1.1	4.1.1	NUM
fbem-14878	220	16	.	.	PUNCT
fbem-14878	221	1	response	response	NOUN
fbem-14878	221	2	to	to	ADP
fbem-14878	221	3	domestic	domestic	ADJ
fbem-14878	221	4	policy	policy	NOUN
fbem-14878	221	5	and	and	CCONJ
fbem-14878	221	6	legal	legal	ADJ
fbem-14878	221	7	risks	risk	NOUN
fbem-14878	221	8	since	since	SCONJ
fbem-14878	221	9	the	the	DET
fbem-14878	221	10	"	"	PUNCT
fbem-14878	221	11	the	the	DET
fbem-14878	221	12	belt	belt	NOUN
fbem-14878	221	13	and	and	CCONJ
fbem-14878	221	14	road	road	NOUN
fbem-14878	221	15	"	"	PUNCT
fbem-14878	221	16	policy	policy	NOUN
fbem-14878	221	17	was	be	AUX
fbem-14878	221	18	put	put	VERB
fbem-14878	221	19	forward	forward	ADV
fbem-14878	221	20	in	in	ADP
fbem-14878	221	21	2013	2013	NUM
fbem-14878	221	22	,	,	PUNCT
fbem-14878	221	23	chinese	chinese	ADJ
fbem-14878	221	24	enterprises	enterprise	NOUN
fbem-14878	221	25	'	'	PART
fbem-14878	221	26	cross	cross	ADJ
fbem-14878	221	27	-	-	ADJ
fbem-14878	221	28	border	border	ADJ
fbem-14878	221	29	m&a	m&a	PROPN
fbem-14878	221	30	activities	activity	NOUN
fbem-14878	221	31	have	have	AUX
fbem-14878	221	32	maintained	maintain	VERB
fbem-14878	221	33	a	a	DET
fbem-14878	221	34	strong	strong	ADJ
fbem-14878	221	35	momentum	momentum	NOUN
fbem-14878	221	36	since	since	SCONJ
fbem-14878	221	37	2014	2014	NUM
fbem-14878	221	38	.	.	PUNCT
fbem-14878	222	1	from	from	ADP
fbem-14878	222	2	2014	2014	NUM
fbem-14878	222	3	to	to	ADP
fbem-14878	222	4	2016	2016	NUM
fbem-14878	222	5	,	,	PUNCT
fbem-14878	222	6	chinese	chinese	ADJ
fbem-14878	222	7	enterprises	enterprise	NOUN
fbem-14878	222	8	'	'	PART
fbem-14878	222	9	cross	cross	ADJ
fbem-14878	222	10	-	-	ADJ
fbem-14878	222	11	border	border	ADJ
fbem-14878	222	12	m&a	m&a	PROPN
fbem-14878	222	13	transactions	transaction	NOUN
fbem-14878	222	14	showed	show	VERB
fbem-14878	222	15	a	a	DET
fbem-14878	222	16	continuous	continuous	ADJ
fbem-14878	222	17	growth	growth	NOUN
fbem-14878	222	18	in	in	ADP
fbem-14878	222	19	both	both	CCONJ
fbem-14878	222	20	the	the	DET
fbem-14878	222	21	number	number	NOUN
fbem-14878	222	22	and	and	CCONJ
fbem-14878	222	23	amount	amount	NOUN
fbem-14878	222	24	of	of	ADP
fbem-14878	222	25	transactions	transaction	NOUN
fbem-14878	222	26	.	.	PUNCT
fbem-14878	223	1	the	the	DET
fbem-14878	223	2	number	number	NOUN
fbem-14878	223	3	of	of	ADP
fbem-14878	223	4	transactions	transaction	NOUN
fbem-14878	223	5	increased	increase	VERB
fbem-14878	223	6	from	from	ADP
fbem-14878	223	7	269	269	NUM
fbem-14878	223	8	in	in	ADP
fbem-14878	223	9	2014	2014	NUM
fbem-14878	223	10	to	to	ADP
fbem-14878	223	11	438	438	NUM
fbem-14878	223	12	in	in	ADP
fbem-14878	223	13	2016	2016	NUM
fbem-14878	223	14	,	,	PUNCT
fbem-14878	223	15	and	and	CCONJ
fbem-14878	223	16	the	the	DET
fbem-14878	223	17	transaction	transaction	NOUN
fbem-14878	223	18	amount	amount	NOUN
fbem-14878	223	19	also	also	ADV
fbem-14878	223	20	increased	increase	VERB
fbem-14878	223	21	from	from	ADP
fbem-14878	223	22	us	we	PRON
fbem-14878	223	23	$	$	SYM
fbem-14878	223	24	59.6	59.6	NUM
fbem-14878	223	25	billion	billion	NUM
fbem-14878	223	26	to	to	ADP
fbem-14878	223	27	us	we	PRON
fbem-14878	223	28	$	$	SYM
fbem-14878	223	29	215.8	215.8	NUM
fbem-14878	223	30	billion	billion	NUM
fbem-14878	223	31	.	.	PUNCT
fbem-14878	224	1	however	however	ADV
fbem-14878	224	2	,	,	PUNCT
fbem-14878	224	3	in	in	ADP
fbem-14878	224	4	2017	2017	NUM
fbem-14878	224	5	,	,	PUNCT
fbem-14878	224	6	the	the	DET
fbem-14878	224	7	enthusiasm	enthusiasm	NOUN
fbem-14878	224	8	for	for	ADP
fbem-14878	224	9	such	such	ADJ
fbem-14878	224	10	mergers	merger	NOUN
fbem-14878	224	11	and	and	CCONJ
fbem-14878	224	12	acquisitions	acquisition	NOUN
fbem-14878	224	13	decreased	decrease	VERB
fbem-14878	224	14	.	.	PUNCT
fbem-14878	225	1	with	with	ADP
fbem-14878	225	2	the	the	DET
fbem-14878	225	3	gradual	gradual	ADJ
fbem-14878	225	4	improvement	improvement	NOUN
fbem-14878	225	5	of	of	ADP
fbem-14878	225	6	relevant	relevant	ADJ
fbem-14878	225	7	domestic	domestic	ADJ
fbem-14878	225	8	policies	policy	NOUN
fbem-14878	225	9	,	,	PUNCT
fbem-14878	225	10	the	the	DET
fbem-14878	225	11	number	number	NOUN
fbem-14878	225	12	of	of	ADP
fbem-14878	225	13	cross	cross	ADJ
fbem-14878	225	14	-	-	ADJ
fbem-14878	225	15	border	border	ADJ
fbem-14878	225	16	mergers	merger	NOUN
fbem-14878	225	17	and	and	CCONJ
fbem-14878	225	18	acquisitions	acquisition	NOUN
fbem-14878	225	19	by	by	ADP
fbem-14878	225	20	chinese	chinese	ADJ
fbem-14878	225	21	enterprises	enterprise	NOUN
fbem-14878	225	22	in	in	ADP
fbem-14878	225	23	2017	2017	NUM
fbem-14878	225	24	decreased	decrease	VERB
fbem-14878	225	25	to	to	ADP
fbem-14878	225	26	376	376	NUM
fbem-14878	225	27	,	,	PUNCT
fbem-14878	225	28	and	and	CCONJ
fbem-14878	225	29	the	the	DET
fbem-14878	225	30	disclosed	disclose	VERB
fbem-14878	225	31	amount	amount	NOUN
fbem-14878	225	32	also	also	ADV
fbem-14878	225	33	decreased	decrease	VERB
fbem-14878	225	34	by	by	ADP
fbem-14878	225	35	32.11	32.11	NUM
fbem-14878	225	36	%	%	NOUN
fbem-14878	225	37	compared	compare	VERB
fbem-14878	225	38	to	to	ADP
fbem-14878	225	39	2016	2016	NUM
fbem-14878	225	40	.	.	PUNCT
fbem-14878	226	1	enterprises	enterprise	NOUN
fbem-14878	226	2	that	that	PRON
fbem-14878	226	3	want	want	VERB
fbem-14878	226	4	to	to	PART
fbem-14878	226	5	engage	engage	VERB
fbem-14878	226	6	in	in	ADP
fbem-14878	226	7	cross	cross	ADJ
fbem-14878	226	8	-	-	ADJ
fbem-14878	226	9	border	border	ADJ
fbem-14878	226	10	mergers	merger	NOUN
fbem-14878	226	11	and	and	CCONJ
fbem-14878	226	12	acquisitions	acquisition	NOUN
fbem-14878	226	13	not	not	PART
fbem-14878	226	14	only	only	ADV
fbem-14878	226	15	need	need	VERB
fbem-14878	226	16	to	to	PART
fbem-14878	226	17	understand	understand	VERB
fbem-14878	226	18	their	their	PRON
fbem-14878	226	19	own	own	ADJ
fbem-14878	226	20	business	business	NOUN
fbem-14878	226	21	situation	situation	NOUN
fbem-14878	226	22	but	but	CCONJ
fbem-14878	226	23	also	also	ADV
fbem-14878	226	24	the	the	DET
fbem-14878	226	25	development	development	NOUN
fbem-14878	226	26	of	of	ADP
fbem-14878	226	27	relevant	relevant	ADJ
fbem-14878	226	28	domestic	domestic	ADJ
fbem-14878	226	29	policies	policy	NOUN
fbem-14878	226	30	.	.	PUNCT
fbem-14878	227	1	domestic	domestic	ADJ
fbem-14878	227	2	laws	law	NOUN
fbem-14878	227	3	and	and	CCONJ
fbem-14878	227	4	regulations	regulation	NOUN
fbem-14878	227	5	greatly	greatly	ADV
fbem-14878	227	6	affect	affect	VERB
fbem-14878	227	7	the	the	DET
fbem-14878	227	8	number	number	NOUN
fbem-14878	227	9	of	of	ADP
fbem-14878	227	10	cross	cross	ADJ
fbem-14878	227	11	-	-	ADJ
fbem-14878	227	12	border	border	ADJ
fbem-14878	227	13	m&a	m&a	PROPN
fbem-14878	227	14	transactions	transaction	NOUN
fbem-14878	227	15	of	of	ADP
fbem-14878	227	16	enterprises	enterprise	NOUN
fbem-14878	227	17	.	.	PUNCT
fbem-14878	228	1	therefore	therefore	ADV
fbem-14878	228	2	,	,	PUNCT
fbem-14878	228	3	china	china	PROPN
fbem-14878	228	4	should	should	AUX
fbem-14878	228	5	make	make	VERB
fbem-14878	228	6	greater	great	ADJ
fbem-14878	228	7	efforts	effort	NOUN
fbem-14878	228	8	in	in	ADP
fbem-14878	228	9	the	the	DET
fbem-14878	228	10	policy	policy	NOUN
fbem-14878	228	11	environment	environment	NOUN
fbem-14878	228	12	.	.	PUNCT
fbem-14878	229	1	currently	currently	ADV
fbem-14878	229	2	,	,	PUNCT
fbem-14878	229	3	the	the	DET
fbem-14878	229	4	national	national	ADJ
fbem-14878	229	5	development	development	PROPN
fbem-14878	229	6	and	and	CCONJ
fbem-14878	229	7	reform	reform	PROPN
fbem-14878	229	8	commission	commission	PROPN
fbem-14878	229	9	of	of	ADP
fbem-14878	229	10	china	china	PROPN
fbem-14878	229	11	has	have	AUX
fbem-14878	229	12	issued	issue	VERB
fbem-14878	229	13	the	the	DET
fbem-14878	229	14	"	"	PUNCT
fbem-14878	229	15	measures	measure	NOUN
fbem-14878	229	16	for	for	ADP
fbem-14878	229	17	the	the	DET
fbem-14878	229	18	management	management	NOUN
fbem-14878	229	19	of	of	ADP
fbem-14878	229	20	overseas	overseas	ADJ
fbem-14878	229	21	investment	investment	NOUN
fbem-14878	229	22	by	by	ADP
fbem-14878	229	23	enterprises	enterprise	NOUN
fbem-14878	229	24	"	"	PUNCT
fbem-14878	229	25	,	,	PUNCT
fbem-14878	229	26	which	which	PRON
fbem-14878	229	27	clarifies	clarify	VERB
fbem-14878	229	28	the	the	DET
fbem-14878	229	29	areas	area	NOUN
fbem-14878	229	30	and	and	CCONJ
fbem-14878	229	31	directions	direction	NOUN
fbem-14878	229	32	of	of	ADP
fbem-14878	229	33	cross	cross	ADJ
fbem-14878	229	34	-	-	ADJ
fbem-14878	229	35	border	border	ADJ
fbem-14878	229	36	mergers	merger	NOUN
fbem-14878	229	37	and	and	CCONJ
fbem-14878	229	38	acquisitions	acquisition	NOUN
fbem-14878	229	39	encouraged	encourage	VERB
fbem-14878	229	40	and	and	CCONJ
fbem-14878	229	41	supported	support	VERB
fbem-14878	229	42	by	by	ADP
fbem-14878	229	43	the	the	DET
fbem-14878	229	44	state	state	NOUN
fbem-14878	229	45	,	,	PUNCT
fbem-14878	229	46	enabling	enable	VERB
fbem-14878	229	47	the	the	DET
fbem-14878	229	48	development	development	NOUN
fbem-14878	229	49	of	of	ADP
fbem-14878	229	50	cross	cross	ADJ
fbem-14878	229	51	-	-	ADJ
fbem-14878	229	52	border	border	ADJ
fbem-14878	229	53	mergers	merger	NOUN
fbem-14878	229	54	and	and	CCONJ
fbem-14878	229	55	acquisitions	acquisition	NOUN
fbem-14878	229	56	by	by	ADP
fbem-14878	229	57	chinese	chinese	ADJ
fbem-14878	229	58	enterprises	enterprise	NOUN
fbem-14878	229	59	in	in	ADP
fbem-14878	229	60	a	a	DET
fbem-14878	229	61	positive	positive	ADJ
fbem-14878	229	62	direction	direction	NOUN
fbem-14878	229	63	.	.	PUNCT
fbem-14878	230	1	in	in	ADP
fbem-14878	230	2	today	today	NOUN
fbem-14878	230	3	's	's	PART
fbem-14878	230	4	more	more	ADV
fbem-14878	230	5	stringent	stringent	ADJ
fbem-14878	230	6	approval	approval	NOUN
fbem-14878	230	7	process	process	NOUN
fbem-14878	230	8	,	,	PUNCT
fbem-14878	230	9	the	the	DET
fbem-14878	230	10	government	government	NOUN
fbem-14878	230	11	should	should	AUX
fbem-14878	230	12	not	not	PART
fbem-14878	230	13	only	only	ADV
fbem-14878	230	14	remind	remind	VERB
fbem-14878	230	15	enterprises	enterprise	NOUN
fbem-14878	230	16	of	of	ADP
fbem-14878	230	17	the	the	DET
fbem-14878	230	18	risks	risk	NOUN
fbem-14878	230	19	of	of	ADP
fbem-14878	230	20	cross	cross	ADJ
fbem-14878	230	21	-	-	ADJ
fbem-14878	230	22	border	border	ADJ
fbem-14878	230	23	mergers	merger	NOUN
fbem-14878	230	24	and	and	CCONJ
fbem-14878	230	25	acquisitions	acquisition	NOUN
fbem-14878	230	26	,	,	PUNCT
fbem-14878	230	27	but	but	CCONJ
fbem-14878	230	28	also	also	ADV
fbem-14878	230	29	appropriately	appropriately	ADV
fbem-14878	230	30	simplify	simplify	VERB
fbem-14878	230	31	the	the	DET
fbem-14878	230	32	procedures	procedure	NOUN
fbem-14878	230	33	to	to	PART
fbem-14878	230	34	improve	improve	VERB
fbem-14878	230	35	the	the	DET
fbem-14878	230	36	efficiency	efficiency	NOUN
fbem-14878	230	37	of	of	ADP
fbem-14878	230	38	cross	cross	ADJ
fbem-14878	230	39	-	-	ADJ
fbem-14878	230	40	border	border	ADJ
fbem-14878	230	41	mergers	merger	NOUN
fbem-14878	230	42	and	and	CCONJ
fbem-14878	230	43	acquisitions	acquisition	NOUN
fbem-14878	230	44	review	review	NOUN
fbem-14878	230	45	,	,	PUNCT
fbem-14878	230	46	so	so	SCONJ
fbem-14878	230	47	as	as	SCONJ
fbem-14878	230	48	to	to	PART
fbem-14878	230	49	enable	enable	VERB
fbem-14878	230	50	enterprises	enterprise	NOUN
fbem-14878	230	51	to	to	PART
fbem-14878	230	52	seize	seize	VERB
fbem-14878	230	53	the	the	DET
fbem-14878	230	54	opportunity	opportunity	NOUN
fbem-14878	230	55	of	of	ADP
fbem-14878	230	56	mergers	merger	NOUN
fbem-14878	230	57	and	and	CCONJ
fbem-14878	230	58	acquisitions	acquisition	NOUN
fbem-14878	230	59	development	development	NOUN
fbem-14878	230	60	in	in	ADP
fbem-14878	230	61	a	a	DET
fbem-14878	230	62	timely	timely	ADJ
fbem-14878	230	63	manner	manner	NOUN
fbem-14878	230	64	.	.	PUNCT
fbem-14878	231	1	at	at	ADP
fbem-14878	231	2	the	the	DET
fbem-14878	231	3	same	same	ADJ
fbem-14878	231	4	time	time	NOUN
fbem-14878	231	5	,	,	PUNCT
fbem-14878	231	6	when	when	SCONJ
fbem-14878	231	7	determining	determine	VERB
fbem-14878	231	8	the	the	DET
fbem-14878	231	9	feasibility	feasibility	NOUN
fbem-14878	231	10	of	of	ADP
fbem-14878	231	11	corporate	corporate	ADJ
fbem-14878	231	12	mergers	merger	NOUN
fbem-14878	231	13	and	and	CCONJ
fbem-14878	231	14	acquisitions	acquisition	NOUN
fbem-14878	231	15	and	and	CCONJ
fbem-14878	231	16	the	the	DET
fbem-14878	231	17	potential	potential	NOUN
fbem-14878	231	18	for	for	ADP
fbem-14878	231	19	domestic	domestic	ADJ
fbem-14878	231	20	economic	economic	ADJ
fbem-14878	231	21	growth	growth	NOUN
fbem-14878	231	22	,	,	PUNCT
fbem-14878	231	23	the	the	DET
fbem-14878	231	24	government	government	NOUN
fbem-14878	231	25	should	should	AUX
fbem-14878	231	26	appropriately	appropriately	ADV
fbem-14878	231	27	increase	increase	VERB
fbem-14878	231	28	the	the	DET
fbem-14878	231	29	pass	pass	NOUN
fbem-14878	231	30	rate	rate	NOUN
fbem-14878	231	31	of	of	ADP
fbem-14878	231	32	cross	cross	ADJ
fbem-14878	231	33	-	-	ADJ
fbem-14878	231	34	border	border	ADJ
fbem-14878	231	35	mergers	merger	NOUN
fbem-14878	231	36	and	and	CCONJ
fbem-14878	231	37	acquisitions	acquisition	NOUN
fbem-14878	231	38	by	by	ADP
fbem-14878	231	39	enterprises	enterprise	NOUN
fbem-14878	231	40	.	.	PUNCT
fbem-14878	232	1	4.1.2	4.1.2	X
fbem-14878	232	2	.	.	PUNCT
fbem-14878	232	3	response	response	NOUN
fbem-14878	232	4	to	to	ADP
fbem-14878	232	5	political	political	ADJ
fbem-14878	232	6	and	and	CCONJ
fbem-14878	232	7	legal	legal	ADJ
fbem-14878	232	8	risks	risk	NOUN
fbem-14878	232	9	in	in	ADP
fbem-14878	232	10	foreign	foreign	ADJ
fbem-14878	232	11	countries	country	NOUN
fbem-14878	232	12	the	the	DET
fbem-14878	232	13	political	political	ADJ
fbem-14878	232	14	and	and	CCONJ
fbem-14878	232	15	legal	legal	ADJ
fbem-14878	232	16	risks	risk	NOUN
fbem-14878	232	17	abroad	abroad	ADV
fbem-14878	232	18	can	can	AUX
fbem-14878	232	19	be	be	AUX
fbem-14878	232	20	divided	divide	VERB
fbem-14878	232	21	into	into	ADP
fbem-14878	232	22	two	two	NUM
fbem-14878	232	23	parts	part	NOUN
fbem-14878	232	24	.	.	PUNCT
fbem-14878	233	1	the	the	DET
fbem-14878	233	2	first	first	ADJ
fbem-14878	233	3	is	be	AUX
fbem-14878	233	4	the	the	DET
fbem-14878	233	5	political	political	ADJ
fbem-14878	233	6	and	and	CCONJ
fbem-14878	233	7	legal	legal	ADJ
fbem-14878	233	8	risks	risk	NOUN
fbem-14878	233	9	associated	associate	VERB
fbem-14878	233	10	with	with	ADP
fbem-14878	233	11	mergers	merger	NOUN
fbem-14878	233	12	and	and	CCONJ
fbem-14878	233	13	acquisitions	acquisition	NOUN
fbem-14878	233	14	in	in	ADP
fbem-14878	233	15	developed	develop	VERB
fbem-14878	233	16	countries	country	NOUN
fbem-14878	233	17	.	.	PUNCT
fbem-14878	234	1	developed	develop	VERB
fbem-14878	234	2	countries	country	NOUN
fbem-14878	234	3	have	have	AUX
fbem-14878	234	4	always	always	ADV
fbem-14878	234	5	been	be	AUX
fbem-14878	234	6	wary	wary	ADJ
fbem-14878	234	7	of	of	ADP
fbem-14878	234	8	china	china	PROPN
fbem-14878	234	9	's	's	PART
fbem-14878	234	10	cross	cross	ADJ
fbem-14878	234	11	-	-	ADJ
fbem-14878	234	12	border	border	ADJ
fbem-14878	234	13	mergers	merger	NOUN
fbem-14878	234	14	and	and	CCONJ
fbem-14878	234	15	acquisitions	acquisition	NOUN
fbem-14878	234	16	,	,	PUNCT
fbem-14878	234	17	and	and	CCONJ
fbem-14878	234	18	there	there	PRON
fbem-14878	234	19	may	may	AUX
fbem-14878	234	20	be	be	AUX
fbem-14878	234	21	anti	anti	ADJ
fbem-14878	234	22	merger	merger	NOUN
fbem-14878	234	23	legal	legal	ADJ
fbem-14878	234	24	risks	risk	NOUN
fbem-14878	234	25	when	when	SCONJ
fbem-14878	234	26	the	the	DET
fbem-14878	234	27	target	target	NOUN
fbem-14878	234	28	company	company	NOUN
fbem-14878	234	29	does	do	AUX
fbem-14878	234	30	not	not	PART
fbem-14878	234	31	have	have	VERB
fbem-14878	234	32	the	the	DET
fbem-14878	234	33	willingness	willingness	NOUN
fbem-14878	234	34	to	to	PART
fbem-14878	234	35	do	do	AUX
fbem-14878	234	36	so	so	ADV
fbem-14878	234	37	.	.	PUNCT
fbem-14878	235	1	companies	company	NOUN
fbem-14878	235	2	will	will	AUX
fbem-14878	235	3	take	take	VERB
fbem-14878	235	4	measures	measure	NOUN
fbem-14878	235	5	that	that	PRON
fbem-14878	235	6	comply	comply	VERB
fbem-14878	235	7	with	with	ADP
fbem-14878	235	8	their	their	PRON
fbem-14878	235	9	own	own	ADJ
fbem-14878	235	10	laws	law	NOUN
fbem-14878	235	11	and	and	CCONJ
fbem-14878	235	12	company	company	NOUN
fbem-14878	235	13	rules	rule	NOUN
fbem-14878	235	14	and	and	CCONJ
fbem-14878	235	15	regulations	regulation	NOUN
fbem-14878	235	16	to	to	PART
fbem-14878	235	17	hinder	hinder	VERB
fbem-14878	235	18	the	the	DET
fbem-14878	235	19	implementation	implementation	NOUN
fbem-14878	235	20	of	of	ADP
fbem-14878	235	21	mergers	merger	NOUN
fbem-14878	235	22	and	and	CCONJ
fbem-14878	235	23	acquisitions	acquisition	NOUN
fbem-14878	235	24	.	.	PUNCT
fbem-14878	236	1	at	at	ADP
fbem-14878	236	2	the	the	DET
fbem-14878	236	3	national	national	ADJ
fbem-14878	236	4	level	level	NOUN
fbem-14878	236	5	,	,	PUNCT
fbem-14878	236	6	governments	government	NOUN
fbem-14878	236	7	of	of	ADP
fbem-14878	236	8	various	various	ADJ
fbem-14878	236	9	countries	country	NOUN
fbem-14878	236	10	have	have	AUX
fbem-14878	236	11	review	review	NOUN
fbem-14878	236	12	agencies	agency	NOUN
fbem-14878	236	13	for	for	ADP
fbem-14878	236	14	foreign	foreign	ADJ
fbem-14878	236	15	investment	investment	NOUN
fbem-14878	236	16	,	,	PUNCT
fbem-14878	236	17	such	such	ADJ
fbem-14878	236	18	as	as	ADP
fbem-14878	236	19	the	the	DET
fbem-14878	236	20	foreign	foreign	ADJ
fbem-14878	236	21	investment	investment	NOUN
fbem-14878	236	22	commission	commission	NOUN
fbem-14878	236	23	in	in	ADP
fbem-14878	236	24	the	the	DET
fbem-14878	236	25	united	united	PROPN
fbem-14878	236	26	states	states	PROPN
fbem-14878	236	27	,	,	PUNCT
fbem-14878	236	28	which	which	PRON
fbem-14878	236	29	does	do	AUX
fbem-14878	236	30	not	not	PART
fbem-14878	236	31	have	have	VERB
fbem-14878	236	32	a	a	DET
fbem-14878	236	33	very	very	ADV
fbem-14878	236	34	strict	strict	ADJ
fbem-14878	236	35	definition	definition	NOUN
fbem-14878	236	36	of	of	ADP
fbem-14878	236	37	obstacles	obstacle	NOUN
fbem-14878	236	38	to	to	ADP
fbem-14878	236	39	national	national	ADJ
fbem-14878	236	40	security	security	NOUN
fbem-14878	236	41	.	.	PUNCT
fbem-14878	237	1	therefore	therefore	ADV
fbem-14878	237	2	,	,	PUNCT
fbem-14878	237	3	the	the	DET
fbem-14878	237	4	approval	approval	NOUN
fbem-14878	237	5	rate	rate	NOUN
fbem-14878	237	6	for	for	ADP
fbem-14878	237	7	cross	cross	ADJ
fbem-14878	237	8	-	-	ADJ
fbem-14878	237	9	border	border	ADJ
fbem-14878	237	10	mergers	merger	NOUN
fbem-14878	237	11	and	and	CCONJ
fbem-14878	237	12	acquisitions	acquisition	NOUN
fbem-14878	237	13	by	by	ADP
fbem-14878	237	14	enterprises	enterprise	NOUN
fbem-14878	237	15	of	of	ADP
fbem-14878	237	16	their	their	PRON
fbem-14878	237	17	countries	country	NOUN
fbem-14878	237	18	is	be	AUX
fbem-14878	237	19	relatively	relatively	ADV
fbem-14878	237	20	low	low	ADJ
fbem-14878	237	21	.	.	PUNCT
fbem-14878	238	1	the	the	DET
fbem-14878	238	2	second	second	NOUN
fbem-14878	238	3	is	be	AUX
fbem-14878	238	4	to	to	PART
fbem-14878	238	5	target	target	VERB
fbem-14878	238	6	political	political	ADJ
fbem-14878	238	7	and	and	CCONJ
fbem-14878	238	8	legal	legal	ADJ
fbem-14878	238	9	risks	risk	NOUN
fbem-14878	238	10	in	in	ADP
fbem-14878	238	11	some	some	DET
fbem-14878	238	12	developing	develop	VERB
fbem-14878	238	13	countries	country	NOUN
fbem-14878	238	14	for	for	ADP
fbem-14878	238	15	mergers	merger	NOUN
fbem-14878	238	16	and	and	CCONJ
fbem-14878	238	17	acquisitions	acquisition	NOUN
fbem-14878	238	18	.	.	PUNCT
fbem-14878	239	1	when	when	SCONJ
fbem-14878	239	2	conducting	conduct	VERB
fbem-14878	239	3	cross	cross	ADJ
fbem-14878	239	4	-	-	ADJ
fbem-14878	239	5	border	border	ADJ
fbem-14878	239	6	mergers	merger	NOUN
fbem-14878	239	7	and	and	CCONJ
fbem-14878	239	8	acquisitions	acquisition	NOUN
fbem-14878	239	9	,	,	PUNCT
fbem-14878	239	10	companies	company	NOUN
fbem-14878	239	11	may	may	AUX
fbem-14878	239	12	choose	choose	VERB
fbem-14878	239	13	companies	company	NOUN
fbem-14878	239	14	located	locate	VERB
fbem-14878	239	15	in	in	ADP
fbem-14878	239	16	developing	develop	VERB
fbem-14878	239	17	countries	country	NOUN
fbem-14878	239	18	due	due	ADP
fbem-14878	239	19	to	to	ADP
fbem-14878	239	20	the	the	DET
fbem-14878	239	21	cost	cost	NOUN
fbem-14878	239	22	and	and	CCONJ
fbem-14878	239	23	required	required	ADJ
fbem-14878	239	24	resources	resource	NOUN
fbem-14878	239	25	.	.	PUNCT
fbem-14878	240	1	these	these	DET
fbem-14878	240	2	companies	company	NOUN
fbem-14878	240	3	are	be	AUX
fbem-14878	240	4	often	often	ADV
fbem-14878	240	5	located	locate	VERB
fbem-14878	240	6	in	in	ADP
fbem-14878	240	7	countries	country	NOUN
fbem-14878	240	8	with	with	ADP
fbem-14878	240	9	abundant	abundant	ADJ
fbem-14878	240	10	resources	resource	NOUN
fbem-14878	240	11	,	,	PUNCT
fbem-14878	240	12	which	which	PRON
fbem-14878	240	13	can	can	AUX
fbem-14878	240	14	enable	enable	VERB
fbem-14878	240	15	them	they	PRON
fbem-14878	240	16	to	to	PART
fbem-14878	240	17	obtain	obtain	VERB
fbem-14878	240	18	more	more	ADJ
fbem-14878	240	19	means	mean	NOUN
fbem-14878	240	20	of	of	ADP
fbem-14878	240	21	production	production	NOUN
fbem-14878	240	22	.	.	PUNCT
fbem-14878	241	1	however	however	ADV
fbem-14878	241	2	,	,	PUNCT
fbem-14878	241	3	abundant	abundant	ADJ
fbem-14878	241	4	resources	resource	NOUN
fbem-14878	241	5	often	often	ADV
fbem-14878	241	6	come	come	VERB
fbem-14878	241	7	with	with	ADP
fbem-14878	241	8	political	political	ADJ
fbem-14878	241	9	turmoil	turmoil	NOUN
fbem-14878	241	10	and	and	CCONJ
fbem-14878	241	11	social	social	ADJ
fbem-14878	241	12	instability	instability	NOUN
fbem-14878	241	13	,	,	PUNCT
fbem-14878	241	14	and	and	CCONJ
fbem-14878	241	15	m&a	m&a	PROPN
fbem-14878	241	16	transactions	transaction	NOUN
fbem-14878	241	17	in	in	ADP
fbem-14878	241	18	these	these	DET
fbem-14878	241	19	countries	country	NOUN
fbem-14878	241	20	are	be	AUX
fbem-14878	241	21	prone	prone	ADJ
fbem-14878	241	22	to	to	ADP
fbem-14878	241	23	not	not	PART
fbem-14878	241	24	only	only	ADV
fbem-14878	241	25	commercial	commercial	ADJ
fbem-14878	241	26	losses	loss	NOUN
fbem-14878	241	27	but	but	CCONJ
fbem-14878	241	28	also	also	ADV
fbem-14878	241	29	threats	threat	NOUN
fbem-14878	241	30	to	to	ADP
fbem-14878	241	31	personnel	personnel	NOUN
fbem-14878	241	32	safety	safety	NOUN
fbem-14878	241	33	.	.	PUNCT
fbem-14878	242	1	therefore	therefore	ADV
fbem-14878	242	2	,	,	PUNCT
fbem-14878	242	3	when	when	SCONJ
fbem-14878	242	4	conducting	conduct	VERB
fbem-14878	242	5	cross	cross	ADJ
fbem-14878	242	6	-	-	ADJ
fbem-14878	242	7	border	border	ADJ
fbem-14878	242	8	mergers	merger	NOUN
fbem-14878	242	9	and	and	CCONJ
fbem-14878	242	10	acquisitions	acquisition	NOUN
fbem-14878	242	11	,	,	PUNCT
fbem-14878	242	12	enterprises	enterprise	NOUN
fbem-14878	242	13	should	should	AUX
fbem-14878	242	14	consider	consider	VERB
fbem-14878	242	15	the	the	DET
fbem-14878	242	16	sustainable	sustainable	ADJ
fbem-14878	242	17	development	development	NOUN
fbem-14878	242	18	ability	ability	NOUN
fbem-14878	242	19	of	of	ADP
fbem-14878	242	20	the	the	DET
fbem-14878	242	21	country	country	NOUN
fbem-14878	242	22	's	's	PART
fbem-14878	242	23	enterprises	enterprise	NOUN
fbem-14878	242	24	and	and	CCONJ
fbem-14878	242	25	whether	whether	SCONJ
fbem-14878	242	26	the	the	DET
fbem-14878	242	27	expected	expect	VERB
fbem-14878	242	28	benefits	benefit	NOUN
fbem-14878	242	29	arehigher	arehigher	NOUN
fbem-14878	242	30	than	than	ADP
fbem-14878	242	31	the	the	DET
fbem-14878	242	32	losses	loss	NOUN
fbem-14878	242	33	suffered	suffer	VERB
fbem-14878	242	34	due	due	ADP
fbem-14878	242	35	to	to	ADP
fbem-14878	242	36	political	political	ADJ
fbem-14878	242	37	turmoil	turmoil	NOUN
fbem-14878	242	38	.	.	PUNCT
fbem-14878	243	1	the	the	DET
fbem-14878	243	2	government	government	NOUN
fbem-14878	243	3	should	should	AUX
fbem-14878	243	4	also	also	ADV
fbem-14878	243	5	strengthen	strengthen	VERB
fbem-14878	243	6	reminders	reminder	NOUN
fbem-14878	243	7	during	during	ADP
fbem-14878	243	8	approval	approval	NOUN
fbem-14878	243	9	to	to	PART
fbem-14878	243	10	avoid	avoid	VERB
fbem-14878	243	11	huge	huge	ADJ
fbem-14878	243	12	losses	loss	NOUN
fbem-14878	243	13	for	for	ADP
fbem-14878	243	14	highquality	highquality	NOUN
fbem-14878	243	15	enterprises	enterprise	NOUN
fbem-14878	243	16	.	.	PUNCT
fbem-14878	244	1	4.1.3	4.1.3	X
fbem-14878	244	2	.	.	PUNCT
fbem-14878	244	3	risk	risk	NOUN
fbem-14878	244	4	response	response	NOUN
fbem-14878	244	5	to	to	ADP
fbem-14878	244	6	merger	merger	NOUN
fbem-14878	244	7	and	and	CCONJ
fbem-14878	244	8	acquisition	acquisition	NOUN
fbem-14878	244	9	target	target	NOUN
fbem-14878	244	10	selection	selection	NOUN
fbem-14878	244	11	(	(	PUNCT
fbem-14878	244	12	1	1	X
fbem-14878	244	13	)	)	PUNCT
fbem-14878	244	14	the	the	DET
fbem-14878	244	15	principle	principle	NOUN
fbem-14878	244	16	of	of	ADP
fbem-14878	244	17	complementarity	complementarity	NOUN
fbem-14878	244	18	.	.	PUNCT
fbem-14878	245	1	the	the	DET
fbem-14878	245	2	principle	principle	NOUN
fbem-14878	245	3	of	of	ADP
fbem-14878	245	4	complementarity	complementarity	NOUN
fbem-14878	245	5	refers	refer	VERB
fbem-14878	245	6	to	to	ADP
fbem-14878	245	7	the	the	DET
fbem-14878	245	8	consideration	consideration	NOUN
fbem-14878	245	9	of	of	ADP
fbem-14878	245	10	the	the	DET
fbem-14878	245	11	strengths	strength	NOUN
fbem-14878	245	12	and	and	CCONJ
fbem-14878	245	13	weaknesses	weakness	NOUN
fbem-14878	245	14	of	of	ADP
fbem-14878	245	15	both	both	PRON
fbem-14878	245	16	oneself	oneself	PRON
fbem-14878	245	17	and	and	CCONJ
fbem-14878	245	18	the	the	DET
fbem-14878	245	19	target	target	NOUN
fbem-14878	245	20	company	company	NOUN
fbem-14878	245	21	when	when	SCONJ
fbem-14878	245	22	choosing	choose	VERB
fbem-14878	245	23	a	a	DET
fbem-14878	245	24	merger	merger	NOUN
fbem-14878	245	25	and	and	CCONJ
fbem-14878	245	26	acquisition	acquisition	NOUN
fbem-14878	245	27	target	target	NOUN
fbem-14878	245	28	,	,	PUNCT
fbem-14878	245	29	with	with	ADP
fbem-14878	245	30	the	the	DET
fbem-14878	245	31	aim	aim	NOUN
fbem-14878	245	32	of	of	ADP
fbem-14878	245	33	learning	learn	VERB
fbem-14878	245	34	from	from	ADP
fbem-14878	245	35	each	each	DET
fbem-14878	245	36	other	other	ADJ
fbem-14878	245	37	's	's	PART
fbem-14878	245	38	strengths	strength	NOUN
fbem-14878	245	39	and	and	CCONJ
fbem-14878	245	40	weaknesses	weakness	NOUN
fbem-14878	245	41	,	,	PUNCT
fbem-14878	245	42	and	and	CCONJ
fbem-14878	245	43	having	have	VERB
fbem-14878	245	44	the	the	DET
fbem-14878	245	45	advantages	advantage	NOUN
fbem-14878	245	46	of	of	ADP
fbem-14878	245	47	the	the	DET
fbem-14878	245	48	acquired	acquire	VERB
fbem-14878	245	49	company	company	NOUN
fbem-14878	245	50	to	to	PART
fbem-14878	245	51	compensate	compensate	VERB
fbem-14878	245	52	for	for	ADP
fbem-14878	245	53	one	one	NUM
fbem-14878	245	54	's	's	PART
fbem-14878	245	55	weaknesses	weakness	NOUN
fbem-14878	245	56	in	in	ADP
fbem-14878	245	57	certain	certain	ADJ
fbem-14878	245	58	aspects	aspect	NOUN
fbem-14878	245	59	.	.	PUNCT
fbem-14878	246	1	for	for	ADP
fbem-14878	246	2	example	example	NOUN
fbem-14878	246	3	,	,	PUNCT
fbem-14878	246	4	in	in	ADP
fbem-14878	246	5	2001	2001	NUM
fbem-14878	246	6	,	,	PUNCT
fbem-14878	246	7	huali	huali	PROPN
fbem-14878	246	8	group	group	PROPN
fbem-14878	246	9	entered	enter	VERB
fbem-14878	246	10	the	the	DET
fbem-14878	246	11	forefront	forefront	NOUN
fbem-14878	246	12	of	of	ADP
fbem-14878	246	13	collection	collection	NOUN
fbem-14878	246	14	and	and	CCONJ
fbem-14878	246	15	production	production	NOUN
fbem-14878	246	16	by	by	ADP
fbem-14878	246	17	acquiring	acquire	VERB
fbem-14878	246	18	the	the	DET
fbem-14878	246	19	r&d	r&d	NOUN
fbem-14878	246	20	department	department	NOUN
fbem-14878	246	21	of	of	ADP
fbem-14878	246	22	philips	philips	PROPN
fbem-14878	246	23	'	'	PART
fbem-14878	246	24	cdma	cdma	PROPN
fbem-14878	246	25	mobile	mobile	ADJ
fbem-14878	246	26	communication	communication	NOUN
fbem-14878	246	27	chip	chip	NOUN
fbem-14878	246	28	business	business	NOUN
fbem-14878	246	29	,	,	PUNCT
fbem-14878	246	30	becoming	become	VERB
fbem-14878	246	31	the	the	DET
fbem-14878	246	32	first	first	ADJ
fbem-14878	246	33	enterprise	enterprise	NOUN
fbem-14878	246	34	in	in	ADP
fbem-14878	246	35	china	china	PROPN
fbem-14878	246	36	to	to	PART
fbem-14878	246	37	master	master	VERB
fbem-14878	246	38	the	the	DET
fbem-14878	246	39	core	core	NOUN
fbem-14878	246	40	technology	technology	NOUN
fbem-14878	246	41	of	of	ADP
fbem-14878	246	42	the	the	DET
fbem-14878	246	43	complete	complete	ADJ
fbem-14878	246	44	it	it	PRON
fbem-14878	246	45	industry	industry	NOUN
fbem-14878	246	46	,	,	PUNCT
fbem-14878	246	47	breaking	break	VERB
fbem-14878	246	48	down	down	ADP
fbem-14878	246	49	technological	technological	ADJ
fbem-14878	246	50	barriers	barrier	NOUN
fbem-14878	246	51	.	.	PUNCT
fbem-14878	247	1	in	in	ADP
fbem-14878	247	2	the	the	DET
fbem-14878	247	3	process	process	NOUN
fbem-14878	247	4	of	of	ADP
fbem-14878	247	5	cross	cross	ADJ
fbem-14878	247	6	-	-	ADJ
fbem-14878	247	7	border	border	ADJ
fbem-14878	247	8	mergers	merger	NOUN
fbem-14878	247	9	and	and	CCONJ
fbem-14878	247	10	acquisitions	acquisition	NOUN
fbem-14878	247	11	,	,	PUNCT
fbem-14878	247	12	chinese	chinese	ADJ
fbem-14878	247	13	enterprises	enterprise	NOUN
fbem-14878	247	14	should	should	AUX
fbem-14878	247	15	have	have	VERB
fbem-14878	247	16	a	a	DET
fbem-14878	247	17	clear	clear	ADJ
fbem-14878	247	18	understanding	understanding	NOUN
fbem-14878	247	19	of	of	ADP
fbem-14878	247	20	their	their	PRON
fbem-14878	247	21	overall	overall	ADJ
fbem-14878	247	22	strengths	strength	NOUN
fbem-14878	247	23	and	and	CCONJ
fbem-14878	247	24	weaknesses	weakness	NOUN
fbem-14878	247	25	,	,	PUNCT
fbem-14878	247	26	clarify	clarify	VERB
fbem-14878	247	27	their	their	PRON
fbem-14878	247	28	strategic	strategic	ADJ
fbem-14878	247	29	development	development	NOUN
fbem-14878	247	30	goals	goal	NOUN
fbem-14878	247	31	,	,	PUNCT
fbem-14878	247	32	adhere	adhere	VERB
fbem-14878	247	33	to	to	ADP
fbem-14878	247	34	the	the	DET
fbem-14878	247	35	principle	principle	NOUN
fbem-14878	247	36	of	of	ADP
fbem-14878	247	37	complementarity	complementarity	NOUN
fbem-14878	247	38	when	when	SCONJ
fbem-14878	247	39	considering	consider	VERB
fbem-14878	247	40	merger	merger	NOUN
fbem-14878	247	41	and	and	CCONJ
fbem-14878	247	42	acquisition	acquisition	NOUN
fbem-14878	247	43	goals	goal	NOUN
fbem-14878	247	44	,	,	PUNCT
fbem-14878	247	45	make	make	VERB
fbem-14878	247	46	up	up	ADP
fbem-14878	247	47	for	for	ADP
fbem-14878	247	48	the	the	DET
fbem-14878	247	49	shortcomings	shortcoming	NOUN
fbem-14878	247	50	of	of	ADP
fbem-14878	247	51	the	the	DET
fbem-14878	247	52	enterprise	enterprise	NOUN
fbem-14878	247	53	in	in	ADP
fbem-14878	247	54	the	the	DET
fbem-14878	247	55	development	development	NOUN
fbem-14878	247	56	process	process	NOUN
fbem-14878	247	57	,	,	PUNCT
fbem-14878	247	58	and	and	CCONJ
fbem-14878	247	59	promote	promote	VERB
fbem-14878	247	60	faster	fast	ADV
fbem-14878	247	61	and	and	CCONJ
fbem-14878	247	62	more	more	ADV
fbem-14878	247	63	stable	stable	ADJ
fbem-14878	247	64	development	development	NOUN
fbem-14878	247	65	of	of	ADP
fbem-14878	247	66	the	the	DET
fbem-14878	247	67	enterprise	enterprise	NOUN
fbem-14878	247	68	.	.	PUNCT
fbem-14878	248	1	(	(	PUNCT
fbem-14878	248	2	2	2	X
fbem-14878	248	3	)	)	PUNCT
fbem-14878	248	4	the	the	DET
fbem-14878	248	5	principle	principle	NOUN
fbem-14878	248	6	of	of	ADP
fbem-14878	248	7	industry	industry	NOUN
fbem-14878	248	8	matching	matching	NOUN
fbem-14878	248	9	.	.	PUNCT
fbem-14878	249	1	a	a	DET
fbem-14878	249	2	mature	mature	ADJ
fbem-14878	249	3	multinational	multinational	ADJ
fbem-14878	249	4	corporation	corporation	NOUN
fbem-14878	249	5	generally	generally	ADV
fbem-14878	249	6	possesses	possess	VERB
fbem-14878	249	7	leading	lead	VERB
fbem-14878	249	8	core	core	NOUN
fbem-14878	249	9	technologies	technology	NOUN
fbem-14878	249	10	,	,	PUNCT
fbem-14878	249	11	management	management	NOUN
fbem-14878	249	12	experience	experience	NOUN
fbem-14878	249	13	,	,	PUNCT
fbem-14878	249	14	and	and	CCONJ
fbem-14878	249	15	rich	rich	ADJ
fbem-14878	249	16	experience	experience	NOUN
fbem-14878	249	17	in	in	ADP
fbem-14878	249	18	cross	cross	ADJ
fbem-14878	249	19	-	-	ADJ
fbem-14878	249	20	border	border	ADJ
fbem-14878	249	21	mergers	merger	NOUN
fbem-14878	249	22	and	and	CCONJ
fbem-14878	249	23	acquisitions	acquisition	NOUN
fbem-14878	249	24	.	.	PUNCT
fbem-14878	250	1	when	when	SCONJ
fbem-14878	250	2	the	the	DET
fbem-14878	250	3	industry	industry	NOUN
fbem-14878	250	4	in	in	ADP
fbem-14878	250	5	which	which	PRON
fbem-14878	250	6	the	the	DET
fbem-14878	250	7	enterprise	enterprise	NOUN
fbem-14878	250	8	operates	operate	VERB
fbem-14878	250	9	tends	tend	VERB
fbem-14878	250	10	to	to	PART
fbem-14878	250	11	saturate	saturate	VERB
fbem-14878	250	12	,	,	PUNCT
fbem-14878	250	13	it	it	PRON
fbem-14878	250	14	will	will	AUX
fbem-14878	250	15	choose	choose	VERB
fbem-14878	250	16	to	to	PART
fbem-14878	250	17	enter	enter	VERB
fbem-14878	250	18	a	a	DET
fbem-14878	250	19	new	new	ADJ
fbem-14878	250	20	industry	industry	NOUN
fbem-14878	250	21	through	through	ADP
fbem-14878	250	22	cross	cross	ADJ
fbem-14878	250	23	-	-	ADJ
fbem-14878	250	24	border	border	ADJ
fbem-14878	250	25	mergers	merger	NOUN
fbem-14878	250	26	and	and	CCONJ
fbem-14878	250	27	acquisitions	acquisition	NOUN
fbem-14878	250	28	.	.	PUNCT
fbem-14878	251	1	however	however	ADV
fbem-14878	251	2	,	,	PUNCT
fbem-14878	251	3	most	most	ADJ
fbem-14878	251	4	chinese	chinese	ADJ
fbem-14878	251	5	enterprises	enterprise	NOUN
fbem-14878	251	6	do	do	AUX
fbem-14878	251	7	not	not	PART
fbem-14878	251	8	have	have	VERB
fbem-14878	251	9	rich	rich	ADJ
fbem-14878	251	10	experience	experience	NOUN
fbem-14878	251	11	in	in	ADP
fbem-14878	251	12	cross	cross	ADJ
fbem-14878	251	13	-	-	ADJ
fbem-14878	251	14	border	border	ADJ
fbem-14878	251	15	mergers	merger	NOUN
fbem-14878	251	16	and	and	CCONJ
fbem-14878	251	17	acquisitions	acquisition	NOUN
fbem-14878	251	18	.	.	PUNCT
fbem-14878	252	1	therefore	therefore	ADV
fbem-14878	252	2	,	,	PUNCT
fbem-14878	252	3	when	when	SCONJ
fbem-14878	252	4	choosing	choose	VERB
fbem-14878	252	5	merger	merger	NOUN
fbem-14878	252	6	targets	target	NOUN
fbem-14878	252	7	,	,	PUNCT
fbem-14878	252	8	it	it	PRON
fbem-14878	252	9	is	be	AUX
fbem-14878	252	10	easy	easy	ADJ
fbem-14878	252	11	to	to	PART
fbem-14878	252	12	fall	fall	VERB
fbem-14878	252	13	into	into	ADP
fbem-14878	252	14	misconceptions	misconception	NOUN
fbem-14878	252	15	and	and	CCONJ
fbem-14878	252	16	only	only	ADV
fbem-14878	252	17	consider	consider	VERB
fbem-14878	252	18	costs	cost	NOUN
fbem-14878	252	19	or	or	CCONJ
fbem-14878	252	20	resources	resource	NOUN
fbem-14878	252	21	,	,	PUNCT
fbem-14878	252	22	and	and	CCONJ
fbem-14878	252	23	choose	choose	VERB
fbem-14878	252	24	an	an	DET
fbem-14878	252	25	industry	industry	NOUN
fbem-14878	252	26	with	with	ADP
fbem-14878	252	27	low	low	ADJ
fbem-14878	252	28	matching	matching	NOUN
fbem-14878	252	29	as	as	ADP
fbem-14878	252	30	the	the	DET
fbem-14878	252	31	acquisition	acquisition	NOUN
fbem-14878	252	32	target	target	NOUN
fbem-14878	252	33	.	.	PUNCT
fbem-14878	253	1	for	for	ADP
fbem-14878	253	2	this	this	DET
fbem-14878	253	3	situation	situation	NOUN
fbem-14878	253	4	,	,	PUNCT
fbem-14878	253	5	chinese	chinese	ADJ
fbem-14878	253	6	companies	company	NOUN
fbem-14878	253	7	should	should	AUX
fbem-14878	253	8	understand	understand	VERB
fbem-14878	253	9	their	their	PRON
fbem-14878	253	10	own	own	ADJ
fbem-14878	253	11	business	business	NOUN
fbem-14878	253	12	scope	scope	NOUN
fbem-14878	253	13	and	and	CCONJ
fbem-14878	253	14	choose	choose	VERB
fbem-14878	253	15	companies	company	NOUN
fbem-14878	253	16	related	relate	VERB
fbem-14878	253	17	to	to	ADP
fbem-14878	253	18	their	their	PRON
fbem-14878	253	19	industry	industry	NOUN
fbem-14878	253	20	for	for	ADP
fbem-14878	253	21	cross	cross	ADJ
fbem-14878	253	22	-	-	ADJ
fbem-14878	253	23	border	border	ADJ
fbem-14878	253	24	mergers	merger	NOUN
fbem-14878	253	25	and	and	CCONJ
fbem-14878	253	26	acquisitions	acquisition	NOUN
fbem-14878	253	27	for	for	ADP
fbem-14878	253	28	the	the	DET
fbem-14878	253	29	first	first	ADJ
fbem-14878	253	30	time	time	NOUN
fbem-14878	253	31	,	,	PUNCT
fbem-14878	253	32	which	which	PRON
fbem-14878	253	33	can	can	AUX
fbem-14878	253	34	improve	improve	VERB
fbem-14878	253	35	the	the	DET
fbem-14878	253	36	success	success	NOUN
fbem-14878	253	37	rate	rate	NOUN
fbem-14878	253	38	of	of	ADP
fbem-14878	253	39	mergers	merger	NOUN
fbem-14878	253	40	and	and	CCONJ
fbem-14878	253	41	acquisitions	acquisition	NOUN
fbem-14878	253	42	.	.	PUNCT
fbem-14878	254	1	choosing	choose	VERB
fbem-14878	254	2	upstream	upstream	ADJ
fbem-14878	254	3	and	and	CCONJ
fbem-14878	254	4	downstream	downstream	ADJ
fbem-14878	254	5	enterprises	enterprise	NOUN
fbem-14878	254	6	for	for	ADP
fbem-14878	254	7	mergers	merger	NOUN
fbem-14878	254	8	and	and	CCONJ
fbem-14878	254	9	acquisitions	acquisition	NOUN
fbem-14878	254	10	can	can	AUX
fbem-14878	254	11	broaden	broaden	VERB
fbem-14878	254	12	their	their	PRON
fbem-14878	254	13	own	own	ADJ
fbem-14878	254	14	industry	industry	NOUN
fbem-14878	254	15	193	193	NUM
fbem-14878	254	16	chain	chain	NOUN
fbem-14878	254	17	and	and	CCONJ
fbem-14878	254	18	is	be	AUX
fbem-14878	254	19	also	also	ADV
fbem-14878	254	20	an	an	DET
fbem-14878	254	21	efficient	efficient	ADJ
fbem-14878	254	22	way	way	NOUN
fbem-14878	254	23	of	of	ADP
fbem-14878	254	24	mergers	merger	NOUN
fbem-14878	254	25	and	and	CCONJ
fbem-14878	254	26	acquisitions	acquisition	NOUN
fbem-14878	254	27	.	.	PUNCT
fbem-14878	255	1	4.2	4.2	NUM
fbem-14878	255	2	.	.	PUNCT
fbem-14878	256	1	risk	risk	NOUN
fbem-14878	256	2	response	response	NOUN
fbem-14878	256	3	strategies	strategy	NOUN
fbem-14878	256	4	during	during	ADP
fbem-14878	256	5	crossborder	crossborder	NOUN
fbem-14878	256	6	m&a	m&a	PROPN
fbem-14878	256	7	transactions	transaction	NOUN
fbem-14878	256	8	4.2.1	4.2.1	NOUN
fbem-14878	256	9	.	.	PUNCT
fbem-14878	257	1	assessment	assessment	NOUN
fbem-14878	257	2	of	of	ADP
fbem-14878	257	3	capability	capability	NOUN
fbem-14878	257	4	risk	risk	NOUN
fbem-14878	257	5	response	response	NOUN
fbem-14878	257	6	a	a	DET
fbem-14878	257	7	more	more	ADV
fbem-14878	257	8	effective	effective	ADJ
fbem-14878	257	9	way	way	NOUN
fbem-14878	257	10	to	to	PART
fbem-14878	257	11	deal	deal	VERB
fbem-14878	257	12	with	with	ADP
fbem-14878	257	13	the	the	DET
fbem-14878	257	14	risk	risk	NOUN
fbem-14878	257	15	of	of	ADP
fbem-14878	257	16	evaluation	evaluation	NOUN
fbem-14878	257	17	ability	ability	NOUN
fbem-14878	257	18	in	in	ADP
fbem-14878	257	19	cross	cross	ADJ
fbem-14878	257	20	-	-	ADJ
fbem-14878	257	21	border	border	ADJ
fbem-14878	257	22	mergers	merger	NOUN
fbem-14878	257	23	and	and	CCONJ
fbem-14878	257	24	acquisitions	acquisition	NOUN
fbem-14878	257	25	is	be	AUX
fbem-14878	257	26	to	to	PART
fbem-14878	257	27	choose	choose	VERB
fbem-14878	257	28	experienced	experienced	ADJ
fbem-14878	257	29	consulting	consulting	NOUN
fbem-14878	257	30	firms	firm	NOUN
fbem-14878	257	31	and	and	CCONJ
fbem-14878	257	32	legal	legal	ADJ
fbem-14878	257	33	advisors	advisor	NOUN
fbem-14878	257	34	to	to	PART
fbem-14878	257	35	cooperate	cooperate	VERB
fbem-14878	257	36	with	with	ADP
fbem-14878	257	37	,	,	PUNCT
fbem-14878	257	38	or	or	CCONJ
fbem-14878	257	39	to	to	PART
fbem-14878	257	40	collaborate	collaborate	VERB
fbem-14878	257	41	with	with	ADP
fbem-14878	257	42	experienced	experienced	ADJ
fbem-14878	257	43	international	international	ADJ
fbem-14878	257	44	companies	company	NOUN
fbem-14878	257	45	for	for	ADP
fbem-14878	257	46	joint	joint	ADJ
fbem-14878	257	47	mergers	merger	NOUN
fbem-14878	257	48	and	and	CCONJ
fbem-14878	257	49	acquisitions	acquisition	NOUN
fbem-14878	257	50	.	.	PUNCT
fbem-14878	258	1	the	the	DET
fbem-14878	258	2	main	main	ADJ
fbem-14878	258	3	problem	problem	NOUN
fbem-14878	258	4	for	for	ADP
fbem-14878	258	5	chinese	chinese	ADJ
fbem-14878	258	6	enterprises	enterprise	NOUN
fbem-14878	258	7	when	when	SCONJ
fbem-14878	258	8	conducting	conduct	VERB
fbem-14878	258	9	crossborder	crossborder	NOUN
fbem-14878	258	10	mergers	merger	NOUN
fbem-14878	258	11	and	and	CCONJ
fbem-14878	258	12	acquisitions	acquisition	NOUN
fbem-14878	258	13	is	be	AUX
fbem-14878	258	14	the	the	DET
fbem-14878	258	15	lack	lack	NOUN
fbem-14878	258	16	of	of	ADP
fbem-14878	258	17	experience	experience	NOUN
fbem-14878	258	18	.	.	PUNCT
fbem-14878	259	1	when	when	SCONJ
fbem-14878	259	2	evaluating	evaluate	VERB
fbem-14878	259	3	the	the	DET
fbem-14878	259	4	value	value	NOUN
fbem-14878	259	5	of	of	ADP
fbem-14878	259	6	the	the	DET
fbem-14878	259	7	target	target	NOUN
fbem-14878	259	8	enterprise	enterprise	NOUN
fbem-14878	259	9	's	's	PART
fbem-14878	259	10	mergers	merger	NOUN
fbem-14878	259	11	and	and	CCONJ
fbem-14878	259	12	acquisitions	acquisition	NOUN
fbem-14878	259	13	,	,	PUNCT
fbem-14878	259	14	incomplete	incomplete	ADJ
fbem-14878	259	15	consideration	consideration	NOUN
fbem-14878	259	16	is	be	AUX
fbem-14878	259	17	given	give	VERB
fbem-14878	259	18	.	.	PUNCT
fbem-14878	260	1	by	by	ADP
fbem-14878	260	2	collaborating	collaborate	VERB
fbem-14878	260	3	with	with	ADP
fbem-14878	260	4	experienced	experienced	ADJ
fbem-14878	260	5	teams	team	NOUN
fbem-14878	260	6	,	,	PUNCT
fbem-14878	260	7	the	the	DET
fbem-14878	260	8	value	value	NOUN
fbem-14878	260	9	of	of	ADP
fbem-14878	260	10	the	the	DET
fbem-14878	260	11	target	target	NOUN
fbem-14878	260	12	enterprise	enterprise	NOUN
fbem-14878	260	13	's	's	PART
fbem-14878	260	14	acquisition	acquisition	NOUN
fbem-14878	260	15	can	can	AUX
fbem-14878	260	16	be	be	AUX
fbem-14878	260	17	better	well	ADV
fbem-14878	260	18	evaluated	evaluate	VERB
fbem-14878	260	19	.	.	PUNCT
fbem-14878	261	1	when	when	SCONJ
fbem-14878	261	2	cooperating	cooperate	VERB
fbem-14878	261	3	with	with	ADP
fbem-14878	261	4	international	international	ADJ
fbem-14878	261	5	enterprises	enterprise	NOUN
fbem-14878	261	6	for	for	ADP
fbem-14878	261	7	mergers	merger	NOUN
fbem-14878	261	8	and	and	CCONJ
fbem-14878	261	9	acquisitions	acquisition	NOUN
fbem-14878	261	10	,	,	PUNCT
fbem-14878	261	11	international	international	ADJ
fbem-14878	261	12	enterprises	enterprise	NOUN
fbem-14878	261	13	have	have	VERB
fbem-14878	261	14	rich	rich	ADJ
fbem-14878	261	15	cross	cross	ADJ
fbem-14878	261	16	-	-	ADJ
fbem-14878	261	17	border	border	ADJ
fbem-14878	261	18	experience	experience	NOUN
fbem-14878	261	19	,	,	PUNCT
fbem-14878	261	20	which	which	PRON
fbem-14878	261	21	can	can	AUX
fbem-14878	261	22	also	also	ADV
fbem-14878	261	23	help	help	VERB
fbem-14878	261	24	chinese	chinese	ADJ
fbem-14878	261	25	enterprises	enterprise	NOUN
fbem-14878	261	26	reduce	reduce	VERB
fbem-14878	261	27	evaluation	evaluation	NOUN
fbem-14878	261	28	capability	capability	NOUN
fbem-14878	261	29	risks	risk	NOUN
fbem-14878	261	30	to	to	ADP
fbem-14878	261	31	a	a	DET
fbem-14878	261	32	certain	certain	ADJ
fbem-14878	261	33	extent	extent	NOUN
fbem-14878	261	34	,	,	PUNCT
fbem-14878	261	35	promote	promote	VERB
fbem-14878	261	36	the	the	DET
fbem-14878	261	37	smooth	smooth	ADJ
fbem-14878	261	38	progress	progress	NOUN
fbem-14878	261	39	of	of	ADP
fbem-14878	261	40	cross	cross	ADJ
fbem-14878	261	41	-	-	ADJ
fbem-14878	261	42	border	border	ADJ
fbem-14878	261	43	m&a	m&a	PROPN
fbem-14878	261	44	transactions	transaction	NOUN
fbem-14878	261	45	.	.	PUNCT
fbem-14878	262	1	4.2.2	4.2.2	X
fbem-14878	262	2	.	.	PUNCT
fbem-14878	263	1	response	response	NOUN
fbem-14878	263	2	to	to	ADP
fbem-14878	263	3	financing	finance	VERB
fbem-14878	263	4	risks	risk	NOUN
fbem-14878	263	5	financing	financing	NOUN
fbem-14878	263	6	risk	risk	NOUN
fbem-14878	263	7	is	be	AUX
fbem-14878	263	8	a	a	DET
fbem-14878	263	9	risk	risk	NOUN
fbem-14878	263	10	that	that	SCONJ
fbem-14878	263	11	enterprises	enterprise	NOUN
fbem-14878	263	12	must	must	AUX
fbem-14878	263	13	face	face	VERB
fbem-14878	263	14	in	in	ADP
fbem-14878	263	15	crossborder	crossborder	NOUN
fbem-14878	263	16	mergers	merger	NOUN
fbem-14878	263	17	and	and	CCONJ
fbem-14878	263	18	acquisitions	acquisition	NOUN
fbem-14878	263	19	.	.	PUNCT
fbem-14878	264	1	whether	whether	SCONJ
fbem-14878	264	2	it	it	PRON
fbem-14878	264	3	is	be	AUX
fbem-14878	264	4	acquiring	acquire	VERB
fbem-14878	264	5	companies	company	NOUN
fbem-14878	264	6	from	from	ADP
fbem-14878	264	7	developed	develop	VERB
fbem-14878	264	8	countries	country	NOUN
fbem-14878	264	9	or	or	CCONJ
fbem-14878	264	10	developing	develop	VERB
fbem-14878	264	11	countries	country	NOUN
fbem-14878	264	12	,	,	PUNCT
fbem-14878	264	13	mergers	merger	NOUN
fbem-14878	264	14	and	and	CCONJ
fbem-14878	264	15	acquisitions	acquisition	NOUN
fbem-14878	264	16	require	require	VERB
fbem-14878	264	17	a	a	DET
fbem-14878	264	18	significant	significant	ADJ
fbem-14878	264	19	amount	amount	NOUN
fbem-14878	264	20	of	of	ADP
fbem-14878	264	21	capital	capital	NOUN
fbem-14878	264	22	,	,	PUNCT
fbem-14878	264	23	which	which	PRON
fbem-14878	264	24	is	be	AUX
fbem-14878	264	25	a	a	DET
fbem-14878	264	26	significant	significant	ADJ
fbem-14878	264	27	challenge	challenge	NOUN
fbem-14878	264	28	for	for	ADP
fbem-14878	264	29	a	a	DET
fbem-14878	264	30	company	company	NOUN
fbem-14878	264	31	.	.	PUNCT
fbem-14878	265	1	state	state	NOUN
fbem-14878	265	2	owned	own	VERB
fbem-14878	265	3	enterprises	enterprise	NOUN
fbem-14878	265	4	have	have	VERB
fbem-14878	265	5	strong	strong	ADJ
fbem-14878	265	6	financial	financial	ADJ
fbem-14878	265	7	support	support	NOUN
fbem-14878	265	8	from	from	ADP
fbem-14878	265	9	the	the	DET
fbem-14878	265	10	government	government	NOUN
fbem-14878	265	11	when	when	SCONJ
fbem-14878	265	12	conducting	conduct	VERB
fbem-14878	265	13	cross	cross	ADJ
fbem-14878	265	14	-	-	ADJ
fbem-14878	265	15	border	border	ADJ
fbem-14878	265	16	mergers	merger	NOUN
fbem-14878	265	17	and	and	CCONJ
fbem-14878	265	18	acquisitions	acquisition	NOUN
fbem-14878	265	19	,	,	PUNCT
fbem-14878	265	20	and	and	CCONJ
fbem-14878	265	21	face	face	VERB
fbem-14878	265	22	relatively	relatively	ADV
fbem-14878	265	23	small	small	ADJ
fbem-14878	265	24	financing	financing	NOUN
fbem-14878	265	25	risks	risk	NOUN
fbem-14878	265	26	.	.	PUNCT
fbem-14878	266	1	however	however	ADV
fbem-14878	266	2	,	,	PUNCT
fbem-14878	266	3	private	private	ADJ
fbem-14878	266	4	enterprises	enterprise	NOUN
fbem-14878	266	5	face	face	VERB
fbem-14878	266	6	higher	high	ADJ
fbem-14878	266	7	financing	financing	NOUN
fbem-14878	266	8	risks	risk	NOUN
fbem-14878	266	9	in	in	ADP
fbem-14878	266	10	cross	cross	ADJ
fbem-14878	266	11	-	-	ADJ
fbem-14878	266	12	border	border	ADJ
fbem-14878	266	13	mergers	merger	NOUN
fbem-14878	266	14	and	and	CCONJ
fbem-14878	266	15	acquisitions	acquisition	NOUN
fbem-14878	266	16	without	without	ADP
fbem-14878	266	17	government	government	NOUN
fbem-14878	266	18	funding	funding	NOUN
fbem-14878	266	19	support	support	NOUN
fbem-14878	266	20	.	.	PUNCT
fbem-14878	267	1	at	at	ADP
fbem-14878	267	2	this	this	DET
fbem-14878	267	3	point	point	NOUN
fbem-14878	267	4	,	,	PUNCT
fbem-14878	267	5	enterprises	enterprise	NOUN
fbem-14878	267	6	should	should	AUX
fbem-14878	267	7	base	base	VERB
fbem-14878	267	8	their	their	PRON
fbem-14878	267	9	financing	financing	NOUN
fbem-14878	267	10	on	on	ADP
fbem-14878	267	11	the	the	DET
fbem-14878	267	12	market	market	NOUN
fbem-14878	267	13	financing	financing	NOUN
fbem-14878	267	14	environment	environment	NOUN
fbem-14878	267	15	and	and	CCONJ
fbem-14878	267	16	their	their	PRON
fbem-14878	267	17	own	own	ADJ
fbem-14878	267	18	financing	financing	NOUN
fbem-14878	267	19	capabilities	capability	NOUN
fbem-14878	267	20	,	,	PUNCT
fbem-14878	267	21	establish	establish	VERB
fbem-14878	267	22	a	a	DET
fbem-14878	267	23	risk	risk	NOUN
fbem-14878	267	24	assessment	assessment	NOUN
fbem-14878	267	25	system	system	NOUN
fbem-14878	267	26	,	,	PUNCT
fbem-14878	267	27	and	and	CCONJ
fbem-14878	267	28	choose	choose	VERB
fbem-14878	267	29	appropriate	appropriate	ADJ
fbem-14878	267	30	financing	financing	NOUN
fbem-14878	267	31	methods	method	NOUN
fbem-14878	267	32	.	.	PUNCT
fbem-14878	268	1	when	when	SCONJ
fbem-14878	268	2	conducting	conduct	VERB
fbem-14878	268	3	cross	cross	ADJ
fbem-14878	268	4	-	-	ADJ
fbem-14878	268	5	border	border	ADJ
fbem-14878	268	6	m&a	m&a	PROPN
fbem-14878	268	7	transactions	transaction	NOUN
fbem-14878	268	8	,	,	PUNCT
fbem-14878	268	9	it	it	PRON
fbem-14878	268	10	is	be	AUX
fbem-14878	268	11	advisable	advisable	ADJ
fbem-14878	268	12	to	to	PART
fbem-14878	268	13	avoid	avoid	VERB
fbem-14878	268	14	all	all	DET
fbem-14878	268	15	cash	cash	NOUN
fbem-14878	268	16	transactions	transaction	NOUN
fbem-14878	268	17	as	as	ADV
fbem-14878	268	18	much	much	ADV
fbem-14878	268	19	as	as	ADP
fbem-14878	268	20	possible	possible	ADJ
fbem-14878	268	21	,	,	PUNCT
fbem-14878	268	22	which	which	PRON
fbem-14878	268	23	can	can	AUX
fbem-14878	268	24	appropriately	appropriately	ADV
fbem-14878	268	25	reduce	reduce	VERB
fbem-14878	268	26	the	the	DET
fbem-14878	268	27	financing	financing	NOUN
fbem-14878	268	28	costs	cost	NOUN
fbem-14878	268	29	of	of	ADP
fbem-14878	268	30	the	the	DET
fbem-14878	268	31	enterprise	enterprise	NOUN
fbem-14878	268	32	.	.	PUNCT
fbem-14878	269	1	when	when	SCONJ
fbem-14878	269	2	financing	financing	NOUN
fbem-14878	269	3	,	,	PUNCT
fbem-14878	269	4	it	it	PRON
fbem-14878	269	5	is	be	AUX
fbem-14878	269	6	also	also	ADV
fbem-14878	269	7	advisable	advisable	ADJ
fbem-14878	269	8	to	to	PART
fbem-14878	269	9	choose	choose	VERB
fbem-14878	269	10	multiple	multiple	ADJ
fbem-14878	269	11	financing	financing	NOUN
fbem-14878	269	12	methods	method	NOUN
fbem-14878	269	13	such	such	ADJ
fbem-14878	269	14	as	as	ADP
fbem-14878	269	15	bank	bank	NOUN
fbem-14878	269	16	mortgage	mortgage	NOUN
fbem-14878	269	17	loans	loan	NOUN
fbem-14878	269	18	,	,	PUNCT
fbem-14878	269	19	bond	bond	NOUN
fbem-14878	269	20	issuance	issuance	NOUN
fbem-14878	269	21	,	,	PUNCT
fbem-14878	269	22	and	and	CCONJ
fbem-14878	269	23	stock	stock	NOUN
fbem-14878	269	24	financing	financing	NOUN
fbem-14878	269	25	.	.	PUNCT
fbem-14878	270	1	different	different	ADJ
fbem-14878	270	2	financing	financing	NOUN
fbem-14878	270	3	methods	method	NOUN
fbem-14878	270	4	have	have	VERB
fbem-14878	270	5	different	different	ADJ
fbem-14878	270	6	costs	cost	NOUN
fbem-14878	270	7	,	,	PUNCT
fbem-14878	270	8	and	and	CCONJ
fbem-14878	270	9	an	an	DET
fbem-14878	270	10	appropriate	appropriate	ADJ
fbem-14878	270	11	combination	combination	NOUN
fbem-14878	270	12	can	can	AUX
fbem-14878	270	13	minimize	minimize	VERB
fbem-14878	270	14	the	the	DET
fbem-14878	270	15	financing	financing	NOUN
fbem-14878	270	16	costs	cost	NOUN
fbem-14878	270	17	of	of	ADP
fbem-14878	270	18	the	the	DET
fbem-14878	270	19	enterprise	enterprise	NOUN
fbem-14878	270	20	.	.	PUNCT
fbem-14878	271	1	4.2.3	4.2.3	X
fbem-14878	271	2	.	.	PUNCT
fbem-14878	272	1	response	response	NOUN
fbem-14878	272	2	to	to	ADP
fbem-14878	272	3	transaction	transaction	NOUN
fbem-14878	272	4	execution	execution	NOUN
fbem-14878	272	5	risks	risk	NOUN
fbem-14878	272	6	enterprises	enterprise	NOUN
fbem-14878	272	7	are	be	AUX
fbem-14878	272	8	not	not	PART
fbem-14878	272	9	always	always	ADV
fbem-14878	272	10	smooth	smooth	ADJ
fbem-14878	272	11	sailing	sailing	NOUN
fbem-14878	272	12	in	in	ADP
fbem-14878	272	13	cross	cross	ADJ
fbem-14878	272	14	-	-	ADJ
fbem-14878	272	15	border	border	ADJ
fbem-14878	272	16	mergers	merger	NOUN
fbem-14878	272	17	and	and	CCONJ
fbem-14878	272	18	acquisitions	acquisition	NOUN
fbem-14878	272	19	.	.	PUNCT
fbem-14878	273	1	after	after	ADP
fbem-14878	273	2	avoiding	avoid	VERB
fbem-14878	273	3	the	the	DET
fbem-14878	273	4	risks	risk	NOUN
fbem-14878	273	5	in	in	ADP
fbem-14878	273	6	the	the	DET
fbem-14878	273	7	early	early	ADJ
fbem-14878	273	8	stages	stage	NOUN
fbem-14878	273	9	of	of	ADP
fbem-14878	273	10	mergers	merger	NOUN
fbem-14878	273	11	and	and	CCONJ
fbem-14878	273	12	acquisitions	acquisition	NOUN
fbem-14878	273	13	,	,	PUNCT
fbem-14878	273	14	there	there	PRON
fbem-14878	273	15	may	may	AUX
fbem-14878	273	16	be	be	AUX
fbem-14878	273	17	difficulties	difficulty	NOUN
fbem-14878	273	18	in	in	ADP
fbem-14878	273	19	executing	execute	VERB
fbem-14878	273	20	mergers	merger	NOUN
fbem-14878	273	21	and	and	CCONJ
fbem-14878	273	22	acquisitions	acquisition	NOUN
fbem-14878	273	23	due	due	ADP
fbem-14878	273	24	to	to	ADP
fbem-14878	273	25	the	the	DET
fbem-14878	273	26	insertion	insertion	NOUN
fbem-14878	273	27	of	of	ADP
fbem-14878	273	28	third	third	ADJ
fbem-14878	273	29	parties	party	NOUN
fbem-14878	273	30	or	or	CCONJ
fbem-14878	273	31	changes	change	NOUN
fbem-14878	273	32	in	in	ADP
fbem-14878	273	33	government	government	NOUN
fbem-14878	273	34	policies	policy	NOUN
fbem-14878	273	35	during	during	ADP
fbem-14878	273	36	the	the	DET
fbem-14878	273	37	transaction	transaction	NOUN
fbem-14878	273	38	process	process	NOUN
fbem-14878	273	39	.	.	PUNCT
fbem-14878	274	1	therefore	therefore	ADV
fbem-14878	274	2	,	,	PUNCT
fbem-14878	274	3	when	when	SCONJ
fbem-14878	274	4	conducting	conduct	VERB
fbem-14878	274	5	cross	cross	ADJ
fbem-14878	274	6	-	-	ADJ
fbem-14878	274	7	border	border	ADJ
fbem-14878	274	8	mergers	merger	NOUN
fbem-14878	274	9	and	and	CCONJ
fbem-14878	274	10	acquisitions	acquisition	NOUN
fbem-14878	274	11	,	,	PUNCT
fbem-14878	274	12	enterprises	enterprise	NOUN
fbem-14878	274	13	should	should	AUX
fbem-14878	274	14	draft	draft	VERB
fbem-14878	274	15	acquisition	acquisition	NOUN
fbem-14878	274	16	plans	plan	NOUN
fbem-14878	274	17	in	in	ADP
fbem-14878	274	18	the	the	DET
fbem-14878	274	19	preparation	preparation	NOUN
fbem-14878	274	20	stage	stage	NOUN
fbem-14878	274	21	,	,	PUNCT
fbem-14878	274	22	grasp	grasp	VERB
fbem-14878	274	23	the	the	DET
fbem-14878	274	24	pace	pace	NOUN
fbem-14878	274	25	in	in	ADP
fbem-14878	274	26	the	the	DET
fbem-14878	274	27	transaction	transaction	NOUN
fbem-14878	274	28	process	process	NOUN
fbem-14878	274	29	,	,	PUNCT
fbem-14878	274	30	take	take	VERB
fbem-14878	274	31	the	the	DET
fbem-14878	274	32	initiative	initiative	NOUN
fbem-14878	274	33	,	,	PUNCT
fbem-14878	274	34	and	and	CCONJ
fbem-14878	274	35	timely	timely	ADV
fbem-14878	274	36	modify	modify	VERB
fbem-14878	274	37	the	the	DET
fbem-14878	274	38	plan	plan	NOUN
fbem-14878	274	39	based	base	VERB
fbem-14878	274	40	on	on	ADP
fbem-14878	274	41	specific	specific	ADJ
fbem-14878	274	42	issues	issue	NOUN
fbem-14878	274	43	during	during	ADP
fbem-14878	274	44	the	the	DET
fbem-14878	274	45	transaction	transaction	NOUN
fbem-14878	274	46	,	,	PUNCT
fbem-14878	274	47	sign	sign	VERB
fbem-14878	274	48	an	an	DET
fbem-14878	274	49	agreement	agreement	NOUN
fbem-14878	274	50	with	with	ADP
fbem-14878	274	51	the	the	DET
fbem-14878	274	52	acquired	acquire	VERB
fbem-14878	274	53	party	party	NOUN
fbem-14878	274	54	,	,	PUNCT
fbem-14878	274	55	prepare	prepare	VERB
fbem-14878	274	56	in	in	ADP
fbem-14878	274	57	advance	advance	NOUN
fbem-14878	274	58	,	,	PUNCT
fbem-14878	274	59	do	do	AUX
fbem-14878	274	60	not	not	PART
fbem-14878	274	61	delay	delay	VERB
fbem-14878	274	62	the	the	DET
fbem-14878	274	63	transaction	transaction	NOUN
fbem-14878	274	64	time	time	NOUN
fbem-14878	274	65	,	,	PUNCT
fbem-14878	274	66	ensure	ensure	VERB
fbem-14878	274	67	the	the	DET
fbem-14878	274	68	smooth	smooth	ADJ
fbem-14878	274	69	progress	progress	NOUN
fbem-14878	274	70	of	of	ADP
fbem-14878	274	71	the	the	DET
fbem-14878	274	72	transaction	transaction	NOUN
fbem-14878	274	73	,	,	PUNCT
fbem-14878	274	74	and	and	CCONJ
fbem-14878	274	75	reduce	reduce	VERB
fbem-14878	274	76	the	the	DET
fbem-14878	274	77	risk	risk	NOUN
fbem-14878	274	78	of	of	ADP
fbem-14878	274	79	transaction	transaction	NOUN
fbem-14878	274	80	execution	execution	NOUN
fbem-14878	274	81	.	.	PUNCT
fbem-14878	275	1	4.3	4.3	NUM
fbem-14878	275	2	.	.	PUNCT
fbem-14878	276	1	risk	risk	NOUN
fbem-14878	276	2	response	response	NOUN
fbem-14878	276	3	strategies	strategy	NOUN
fbem-14878	276	4	for	for	ADP
fbem-14878	276	5	cross	cross	ADJ
fbem-14878	276	6	-	-	ADJ
fbem-14878	276	7	border	border	ADJ
fbem-14878	276	8	mergers	merger	NOUN
fbem-14878	276	9	and	and	CCONJ
fbem-14878	276	10	acquisitions	acquisition	NOUN
fbem-14878	276	11	during	during	ADP
fbem-14878	276	12	the	the	DET
fbem-14878	276	13	integration	integration	NOUN
fbem-14878	276	14	period	period	NOUN
fbem-14878	276	15	4.3.1	4.3.1	NUM
fbem-14878	276	16	.	.	PUNCT
fbem-14878	277	1	risk	risk	NOUN
fbem-14878	277	2	response	response	NOUN
fbem-14878	277	3	to	to	ADP
fbem-14878	277	4	human	human	ADJ
fbem-14878	277	5	resource	resource	NOUN
fbem-14878	277	6	integration	integration	NOUN
fbem-14878	277	7	after	after	ADP
fbem-14878	277	8	the	the	DET
fbem-14878	277	9	completion	completion	NOUN
fbem-14878	277	10	of	of	ADP
fbem-14878	277	11	cross	cross	ADJ
fbem-14878	277	12	-	-	ADJ
fbem-14878	277	13	border	border	ADJ
fbem-14878	277	14	m&a	m&a	PROPN
fbem-14878	277	15	transactions	transaction	NOUN
fbem-14878	277	16	,	,	PUNCT
fbem-14878	277	17	the	the	DET
fbem-14878	277	18	enterprise	enterprise	NOUN
fbem-14878	277	19	needs	need	VERB
fbem-14878	277	20	to	to	PART
fbem-14878	277	21	face	face	VERB
fbem-14878	277	22	the	the	DET
fbem-14878	277	23	risk	risk	NOUN
fbem-14878	277	24	of	of	ADP
fbem-14878	277	25	integrating	integrate	VERB
fbem-14878	277	26	human	human	ADJ
fbem-14878	277	27	resources	resource	NOUN
fbem-14878	277	28	.	.	PUNCT
fbem-14878	278	1	due	due	ADP
fbem-14878	278	2	to	to	ADP
fbem-14878	278	3	the	the	DET
fbem-14878	278	4	different	different	ADJ
fbem-14878	278	5	countries	country	NOUN
fbem-14878	278	6	and	and	CCONJ
fbem-14878	278	7	business	business	NOUN
fbem-14878	278	8	philosophies	philosophy	NOUN
fbem-14878	278	9	of	of	ADP
fbem-14878	278	10	both	both	DET
fbem-14878	278	11	parties	party	NOUN
fbem-14878	278	12	,	,	PUNCT
fbem-14878	278	13	conflicts	conflict	NOUN
fbem-14878	278	14	exist	exist	VERB
fbem-14878	278	15	between	between	ADP
fbem-14878	278	16	the	the	DET
fbem-14878	278	17	management	management	NOUN
fbem-14878	278	18	and	and	CCONJ
fbem-14878	278	19	employees	employee	NOUN
fbem-14878	278	20	after	after	ADP
fbem-14878	278	21	the	the	DET
fbem-14878	278	22	merger	merger	NOUN
fbem-14878	278	23	,	,	PUNCT
fbem-14878	278	24	which	which	PRON
fbem-14878	278	25	can	can	AUX
fbem-14878	278	26	lead	lead	VERB
fbem-14878	278	27	to	to	ADP
fbem-14878	278	28	the	the	DET
fbem-14878	278	29	loss	loss	NOUN
fbem-14878	278	30	of	of	ADP
fbem-14878	278	31	core	core	NOUN
fbem-14878	278	32	talents	talent	NOUN
fbem-14878	278	33	and	and	CCONJ
fbem-14878	278	34	affect	affect	VERB
fbem-14878	278	35	the	the	DET
fbem-14878	278	36	subsequent	subsequent	ADJ
fbem-14878	278	37	operation	operation	NOUN
fbem-14878	278	38	of	of	ADP
fbem-14878	278	39	the	the	DET
fbem-14878	278	40	enterprise	enterprise	NOUN
fbem-14878	278	41	.	.	PUNCT
fbem-14878	279	1	poor	poor	ADJ
fbem-14878	279	2	integration	integration	NOUN
fbem-14878	279	3	of	of	ADP
fbem-14878	279	4	human	human	ADJ
fbem-14878	279	5	resources	resource	NOUN
fbem-14878	279	6	is	be	AUX
fbem-14878	279	7	likely	likely	ADJ
fbem-14878	279	8	to	to	PART
fbem-14878	279	9	result	result	VERB
fbem-14878	279	10	in	in	ADP
fbem-14878	279	11	the	the	DET
fbem-14878	279	12	failure	failure	NOUN
fbem-14878	279	13	of	of	ADP
fbem-14878	279	14	the	the	DET
fbem-14878	279	15	merger	merger	NOUN
fbem-14878	279	16	and	and	CCONJ
fbem-14878	279	17	acquisition	acquisition	NOUN
fbem-14878	279	18	transaction	transaction	NOUN
fbem-14878	279	19	.	.	PUNCT
fbem-14878	280	1	when	when	SCONJ
fbem-14878	280	2	dealing	deal	VERB
fbem-14878	280	3	with	with	ADP
fbem-14878	280	4	the	the	DET
fbem-14878	280	5	risk	risk	NOUN
fbem-14878	280	6	of	of	ADP
fbem-14878	280	7	human	human	ADJ
fbem-14878	280	8	resource	resource	NOUN
fbem-14878	280	9	integration	integration	NOUN
fbem-14878	280	10	,	,	PUNCT
fbem-14878	280	11	it	it	PRON
fbem-14878	280	12	can	can	AUX
fbem-14878	280	13	be	be	AUX
fbem-14878	280	14	resolved	resolve	VERB
fbem-14878	280	15	by	by	ADP
fbem-14878	280	16	forming	form	VERB
fbem-14878	280	17	a	a	DET
fbem-14878	280	18	professional	professional	ADJ
fbem-14878	280	19	integration	integration	NOUN
fbem-14878	280	20	team	team	NOUN
fbem-14878	280	21	and	and	CCONJ
fbem-14878	280	22	enhancing	enhance	VERB
fbem-14878	280	23	communication	communication	NOUN
fbem-14878	280	24	between	between	ADP
fbem-14878	280	25	the	the	DET
fbem-14878	280	26	merger	merger	NOUN
fbem-14878	280	27	and	and	CCONJ
fbem-14878	280	28	acquisition	acquisition	NOUN
fbem-14878	280	29	parties	party	NOUN
fbem-14878	280	30	.	.	PUNCT
fbem-14878	281	1	by	by	ADP
fbem-14878	281	2	forming	form	VERB
fbem-14878	281	3	an	an	DET
fbem-14878	281	4	internal	internal	ADJ
fbem-14878	281	5	integration	integration	NOUN
fbem-14878	281	6	team	team	NOUN
fbem-14878	281	7	within	within	ADP
fbem-14878	281	8	the	the	DET
fbem-14878	281	9	enterprise	enterprise	NOUN
fbem-14878	281	10	,	,	PUNCT
fbem-14878	281	11	responsible	responsible	ADJ
fbem-14878	281	12	for	for	ADP
fbem-14878	281	13	personnel	personnel	NOUN
fbem-14878	281	14	communication	communication	NOUN
fbem-14878	281	15	and	and	CCONJ
fbem-14878	281	16	allocation	allocation	NOUN
fbem-14878	281	17	,	,	PUNCT
fbem-14878	281	18	the	the	DET
fbem-14878	281	19	team	team	NOUN
fbem-14878	281	20	should	should	AUX
fbem-14878	281	21	include	include	VERB
fbem-14878	281	22	representatives	representative	NOUN
fbem-14878	281	23	of	of	ADP
fbem-14878	281	24	the	the	DET
fbem-14878	281	25	management	management	NOUN
fbem-14878	281	26	of	of	ADP
fbem-14878	281	27	the	the	DET
fbem-14878	281	28	acquired	acquire	VERB
fbem-14878	281	29	company	company	NOUN
fbem-14878	281	30	,	,	PUNCT
fbem-14878	281	31	representatives	representative	NOUN
fbem-14878	281	32	of	of	ADP
fbem-14878	281	33	the	the	DET
fbem-14878	281	34	management	management	NOUN
fbem-14878	281	35	of	of	ADP
fbem-14878	281	36	the	the	DET
fbem-14878	281	37	acquired	acquire	VERB
fbem-14878	281	38	company	company	NOUN
fbem-14878	281	39	,	,	PUNCT
fbem-14878	281	40	and	and	CCONJ
fbem-14878	281	41	representatives	representative	NOUN
fbem-14878	281	42	of	of	ADP
fbem-14878	281	43	the	the	DET
fbem-14878	281	44	acquired	acquire	VERB
fbem-14878	281	45	party	party	NOUN
fbem-14878	281	46	's	's	PART
fbem-14878	281	47	employees	employee	NOUN
fbem-14878	281	48	.	.	PUNCT
fbem-14878	282	1	through	through	ADP
fbem-14878	282	2	communication	communication	NOUN
fbem-14878	282	3	and	and	CCONJ
fbem-14878	282	4	exchange	exchange	NOUN
fbem-14878	282	5	,	,	PUNCT
fbem-14878	282	6	understanding	understand	VERB
fbem-14878	282	7	the	the	DET
fbem-14878	282	8	human	human	ADJ
fbem-14878	282	9	resources	resource	NOUN
fbem-14878	282	10	situation	situation	NOUN
fbem-14878	282	11	,	,	PUNCT
fbem-14878	282	12	personnel	personnel	NOUN
fbem-14878	282	13	distribution	distribution	NOUN
fbem-14878	282	14	,	,	PUNCT
fbem-14878	282	15	and	and	CCONJ
fbem-14878	282	16	willingness	willingness	NOUN
fbem-14878	282	17	of	of	ADP
fbem-14878	282	18	both	both	DET
fbem-14878	282	19	parties	party	NOUN
fbem-14878	282	20	,	,	PUNCT
fbem-14878	282	21	listening	listen	VERB
fbem-14878	282	22	to	to	ADP
fbem-14878	282	23	the	the	DET
fbem-14878	282	24	opinions	opinion	NOUN
fbem-14878	282	25	of	of	ADP
fbem-14878	282	26	the	the	DET
fbem-14878	282	27	acquired	acquire	VERB
fbem-14878	282	28	party	party	NOUN
fbem-14878	282	29	's	's	PART
fbem-14878	282	30	employees	employee	NOUN
fbem-14878	282	31	,	,	PUNCT
fbem-14878	282	32	and	and	CCONJ
fbem-14878	282	33	integrating	integrate	VERB
fbem-14878	282	34	and	and	CCONJ
fbem-14878	282	35	redistributing	redistribute	VERB
fbem-14878	282	36	human	human	ADJ
fbem-14878	282	37	resources	resource	NOUN
fbem-14878	282	38	based	base	VERB
fbem-14878	282	39	on	on	ADP
fbem-14878	282	40	understanding	understanding	NOUN
fbem-14878	282	41	and	and	CCONJ
fbem-14878	282	42	understanding	understanding	NOUN
fbem-14878	282	43	.	.	PUNCT
fbem-14878	283	1	in	in	ADP
fbem-14878	283	2	addition	addition	NOUN
fbem-14878	283	3	to	to	ADP
fbem-14878	283	4	the	the	DET
fbem-14878	283	5	internal	internal	ADJ
fbem-14878	283	6	integration	integration	NOUN
fbem-14878	283	7	team	team	NOUN
fbem-14878	283	8	of	of	ADP
fbem-14878	283	9	the	the	DET
fbem-14878	283	10	company	company	NOUN
fbem-14878	283	11	,	,	PUNCT
fbem-14878	283	12	the	the	DET
fbem-14878	283	13	company	company	NOUN
fbem-14878	283	14	also	also	ADV
fbem-14878	283	15	hires	hire	VERB
fbem-14878	283	16	experienced	experience	VERB
fbem-14878	283	17	thirdparty	thirdparty	PROPN
fbem-14878	283	18	human	human	ADJ
fbem-14878	283	19	resource	resource	NOUN
fbem-14878	283	20	integration	integration	NOUN
fbem-14878	283	21	experts	expert	NOUN
fbem-14878	283	22	to	to	PART
fbem-14878	283	23	participate	participate	VERB
fbem-14878	283	24	in	in	ADP
fbem-14878	283	25	the	the	DET
fbem-14878	283	26	post	post	NOUN
fbem-14878	283	27	merger	merger	NOUN
fbem-14878	283	28	human	human	ADJ
fbem-14878	283	29	resource	resource	NOUN
fbem-14878	283	30	integration	integration	NOUN
fbem-14878	283	31	activities	activity	NOUN
fbem-14878	283	32	.	.	PUNCT
fbem-14878	284	1	the	the	DET
fbem-14878	284	2	internal	internal	ADJ
fbem-14878	284	3	understanding	understanding	NOUN
fbem-14878	284	4	is	be	AUX
fbem-14878	284	5	combined	combine	VERB
fbem-14878	284	6	with	with	ADP
fbem-14878	284	7	external	external	ADJ
fbem-14878	284	8	professional	professional	ADJ
fbem-14878	284	9	teams	team	NOUN
fbem-14878	284	10	to	to	PART
fbem-14878	284	11	supervise	supervise	VERB
fbem-14878	284	12	and	and	CCONJ
fbem-14878	284	13	control	control	VERB
fbem-14878	284	14	the	the	DET
fbem-14878	284	15	entire	entire	ADJ
fbem-14878	284	16	process	process	NOUN
fbem-14878	284	17	of	of	ADP
fbem-14878	284	18	human	human	ADJ
fbem-14878	284	19	resource	resource	NOUN
fbem-14878	284	20	integration	integration	NOUN
fbem-14878	284	21	.	.	PUNCT
fbem-14878	285	1	after	after	ADP
fbem-14878	285	2	the	the	DET
fbem-14878	285	3	completion	completion	NOUN
fbem-14878	285	4	of	of	ADP
fbem-14878	285	5	cross	cross	ADJ
fbem-14878	285	6	-	-	ADJ
fbem-14878	285	7	border	border	ADJ
fbem-14878	285	8	m&a	m&a	PROPN
fbem-14878	285	9	transactions	transaction	NOUN
fbem-14878	285	10	,	,	PUNCT
fbem-14878	285	11	the	the	DET
fbem-14878	285	12	acquiring	acquire	VERB
fbem-14878	285	13	party	party	NOUN
fbem-14878	285	14	communicates	communicate	VERB
fbem-14878	285	15	with	with	ADP
fbem-14878	285	16	the	the	DET
fbem-14878	285	17	target	target	NOUN
fbem-14878	285	18	party	party	NOUN
fbem-14878	285	19	,	,	PUNCT
fbem-14878	285	20	allowing	allow	VERB
fbem-14878	285	21	employees	employee	NOUN
fbem-14878	285	22	to	to	PART
fbem-14878	285	23	participate	participate	VERB
fbem-14878	285	24	in	in	ADP
fbem-14878	285	25	the	the	DET
fbem-14878	285	26	company	company	NOUN
fbem-14878	285	27	's	's	PART
fbem-14878	285	28	business	business	NOUN
fbem-14878	285	29	planning	planning	NOUN
fbem-14878	285	30	,	,	PUNCT
fbem-14878	285	31	timely	timely	ADV
fbem-14878	285	32	understand	understand	VERB
fbem-14878	285	33	the	the	DET
fbem-14878	285	34	future	future	ADJ
fbem-14878	285	35	development	development	NOUN
fbem-14878	285	36	direction	direction	NOUN
fbem-14878	285	37	of	of	ADP
fbem-14878	285	38	the	the	DET
fbem-14878	285	39	enterprise	enterprise	NOUN
fbem-14878	285	40	,	,	PUNCT
fbem-14878	285	41	and	and	CCONJ
fbem-14878	285	42	improve	improve	VERB
fbem-14878	285	43	employee	employee	NOUN
fbem-14878	285	44	security	security	NOUN
fbem-14878	285	45	.	.	PUNCT
fbem-14878	286	1	only	only	ADV
fbem-14878	286	2	in	in	ADP
fbem-14878	286	3	this	this	DET
fbem-14878	286	4	way	way	NOUN
fbem-14878	286	5	can	can	AUX
fbem-14878	286	6	employees	employee	NOUN
fbem-14878	286	7	gain	gain	VERB
fbem-14878	286	8	recognition	recognition	NOUN
fbem-14878	286	9	,	,	PUNCT
fbem-14878	286	10	have	have	VERB
fbem-14878	286	11	a	a	DET
fbem-14878	286	12	sense	sense	NOUN
fbem-14878	286	13	of	of	ADP
fbem-14878	286	14	belonging	belong	VERB
fbem-14878	286	15	to	to	ADP
fbem-14878	286	16	the	the	DET
fbem-14878	286	17	company	company	NOUN
fbem-14878	286	18	,	,	PUNCT
fbem-14878	286	19	and	and	CCONJ
fbem-14878	286	20	leverage	leverage	VERB
fbem-14878	286	21	the	the	DET
fbem-14878	286	22	advantages	advantage	NOUN
fbem-14878	286	23	of	of	ADP
fbem-14878	286	24	the	the	DET
fbem-14878	286	25	enterprise	enterprise	NOUN
fbem-14878	286	26	after	after	ADP
fbem-14878	286	27	the	the	DET
fbem-14878	286	28	merger	merger	NOUN
fbem-14878	286	29	.	.	PUNCT
fbem-14878	287	1	4.3.2	4.3.2	X
fbem-14878	287	2	.	.	PUNCT
fbem-14878	288	1	risk	risk	NOUN
fbem-14878	288	2	response	response	NOUN
fbem-14878	288	3	to	to	ADP
fbem-14878	288	4	cultural	cultural	ADJ
fbem-14878	288	5	integration	integration	NOUN
fbem-14878	288	6	after	after	ADP
fbem-14878	288	7	cross	cross	ADJ
fbem-14878	288	8	-	-	ADJ
fbem-14878	288	9	border	border	ADJ
fbem-14878	288	10	mergers	merger	NOUN
fbem-14878	288	11	and	and	CCONJ
fbem-14878	288	12	acquisitions	acquisition	NOUN
fbem-14878	288	13	,	,	PUNCT
fbem-14878	288	14	employees	employee	NOUN
fbem-14878	288	15	of	of	ADP
fbem-14878	288	16	the	the	DET
fbem-14878	288	17	target	target	NOUN
fbem-14878	288	18	company	company	NOUN
fbem-14878	288	19	may	may	AUX
fbem-14878	288	20	feel	feel	VERB
fbem-14878	288	21	nervous	nervous	ADJ
fbem-14878	288	22	.	.	PUNCT
fbem-14878	289	1	unlike	unlike	ADP
fbem-14878	289	2	management	management	NOUN
fbem-14878	289	3	and	and	CCONJ
fbem-14878	289	4	decision	decision	NOUN
fbem-14878	289	5	-	-	PUNCT
fbem-14878	289	6	makers	maker	NOUN
fbem-14878	289	7	,	,	PUNCT
fbem-14878	289	8	most	most	ADJ
fbem-14878	289	9	employees	employee	NOUN
fbem-14878	289	10	of	of	ADP
fbem-14878	289	11	the	the	DET
fbem-14878	289	12	company	company	NOUN
fbem-14878	289	13	have	have	VERB
fbem-14878	289	14	little	little	ADJ
fbem-14878	289	15	understanding	understanding	NOUN
fbem-14878	289	16	of	of	ADP
fbem-14878	289	17	the	the	DET
fbem-14878	289	18	acquiring	acquire	VERB
fbem-14878	289	19	company	company	NOUN
fbem-14878	289	20	,	,	PUNCT
fbem-14878	289	21	have	have	VERB
fbem-14878	289	22	no	no	DET
fbem-14878	289	23	knowledge	knowledge	NOUN
fbem-14878	289	24	of	of	ADP
fbem-14878	289	25	the	the	DET
fbem-14878	289	26	company	company	NOUN
fbem-14878	289	27	's	's	PART
fbem-14878	289	28	future	future	ADJ
fbem-14878	289	29	development	development	NOUN
fbem-14878	289	30	plans	plan	NOUN
fbem-14878	289	31	,	,	PUNCT
fbem-14878	289	32	and	and	CCONJ
fbem-14878	289	33	are	be	AUX
fbem-14878	289	34	also	also	ADV
fbem-14878	289	35	in	in	ADP
fbem-14878	289	36	an	an	DET
fbem-14878	289	37	unknown	unknown	ADJ
fbem-14878	289	38	state	state	NOUN
fbem-14878	289	39	of	of	ADP
fbem-14878	289	40	the	the	DET
fbem-14878	289	41	company	company	NOUN
fbem-14878	289	42	's	's	PART
fbem-14878	289	43	corporate	corporate	ADJ
fbem-14878	289	44	culture	culture	NOUN
fbem-14878	289	45	,	,	PUNCT
fbem-14878	289	46	resulting	result	VERB
fbem-14878	289	47	in	in	ADP
fbem-14878	289	48	internal	internal	ADJ
fbem-14878	289	49	instability	instability	NOUN
fbem-14878	289	50	.	.	PUNCT
fbem-14878	290	1	for	for	ADP
fbem-14878	290	2	corporate	corporate	ADJ
fbem-14878	290	3	culture	culture	NOUN
fbem-14878	290	4	risks	risk	NOUN
fbem-14878	290	5	,	,	PUNCT
fbem-14878	290	6	first	first	ADV
fbem-14878	290	7	of	of	ADP
fbem-14878	290	8	all	all	PRON
fbem-14878	290	9	,	,	PUNCT
fbem-14878	290	10	when	when	SCONJ
fbem-14878	290	11	choosing	choose	VERB
fbem-14878	290	12	a	a	DET
fbem-14878	290	13	merger	merger	NOUN
fbem-14878	290	14	target	target	NOUN
fbem-14878	290	15	,	,	PUNCT
fbem-14878	290	16	when	when	SCONJ
fbem-14878	290	17	there	there	PRON
fbem-14878	290	18	is	be	VERB
fbem-14878	290	19	not	not	PART
fbem-14878	290	20	much	much	ADJ
fbem-14878	290	21	difference	difference	NOUN
fbem-14878	290	22	in	in	ADP
fbem-14878	290	23	conditions	condition	NOUN
fbem-14878	290	24	among	among	ADP
fbem-14878	290	25	other	other	ADJ
fbem-14878	290	26	parties	party	NOUN
fbem-14878	290	27	,	,	PUNCT
fbem-14878	290	28	the	the	DET
fbem-14878	290	29	company	company	NOUN
fbem-14878	290	30	can	can	AUX
fbem-14878	290	31	prioritize	prioritize	AUX
fbem-14878	290	32	choosing	choose	VERB
fbem-14878	290	33	a	a	DET
fbem-14878	290	34	company	company	NOUN
fbem-14878	290	35	with	with	ADP
fbem-14878	290	36	a	a	DET
fbem-14878	290	37	similar	similar	ADJ
fbem-14878	290	38	corporate	corporate	ADJ
fbem-14878	290	39	culture	culture	NOUN
fbem-14878	290	40	as	as	ADP
fbem-14878	290	41	the	the	DET
fbem-14878	290	42	merger	merger	NOUN
fbem-14878	290	43	target	target	NOUN
fbem-14878	290	44	.	.	PUNCT
fbem-14878	291	1	this	this	DET
fbem-14878	291	2	way	way	NOUN
fbem-14878	291	3	,	,	PUNCT
fbem-14878	291	4	after	after	SCONJ
fbem-14878	291	5	the	the	DET
fbem-14878	291	6	merger	merger	NOUN
fbem-14878	291	7	is	be	AUX
fbem-14878	291	8	completed	complete	VERB
fbem-14878	291	9	,	,	PUNCT
fbem-14878	291	10	employees	employee	NOUN
fbem-14878	291	11	from	from	ADP
fbem-14878	291	12	both	both	DET
fbem-14878	291	13	parties	party	NOUN
fbem-14878	291	14	are	be	AUX
fbem-14878	291	15	more	more	ADV
fbem-14878	291	16	likely	likely	ADJ
fbem-14878	291	17	to	to	PART
fbem-14878	291	18	develop	develop	VERB
fbem-14878	291	19	a	a	DET
fbem-14878	291	20	sense	sense	NOUN
fbem-14878	291	21	of	of	ADP
fbem-14878	291	22	belonging	belong	VERB
fbem-14878	291	23	.	.	PUNCT
fbem-14878	292	1	secondly	secondly	ADV
fbem-14878	292	2	,	,	PUNCT
fbem-14878	292	3	after	after	ADP
fbem-14878	292	4	the	the	DET
fbem-14878	292	5	merger	merger	NOUN
fbem-14878	292	6	and	and	CCONJ
fbem-14878	292	7	acquisition	acquisition	NOUN
fbem-14878	292	8	,	,	PUNCT
fbem-14878	292	9	companies	company	NOUN
fbem-14878	292	10	should	should	AUX
fbem-14878	292	11	share	share	VERB
fbem-14878	292	12	their	their	PRON
fbem-14878	292	13	clear	clear	ADJ
fbem-14878	292	14	development	development	NOUN
fbem-14878	292	15	plans	plan	NOUN
fbem-14878	292	16	with	with	ADP
fbem-14878	292	17	employees	employee	NOUN
fbem-14878	292	18	,	,	PUNCT
fbem-14878	292	19	allowing	allow	VERB
fbem-14878	292	20	them	they	PRON
fbem-14878	292	21	to	to	PART
fbem-14878	292	22	understand	understand	VERB
fbem-14878	292	23	their	their	PRON
fbem-14878	292	24	position	position	NOUN
fbem-14878	292	25	and	and	CCONJ
fbem-14878	292	26	tasks	task	NOUN
fbem-14878	292	27	after	after	ADP
fbem-14878	292	28	the	the	DET
fbem-14878	292	29	merger	merger	NOUN
fbem-14878	292	30	.	.	PUNCT
fbem-14878	293	1	common	common	ADJ
fbem-14878	293	2	strategic	strategic	ADJ
fbem-14878	293	3	development	development	NOUN
fbem-14878	293	4	goals	goal	NOUN
fbem-14878	293	5	can	can	AUX
fbem-14878	293	6	help	help	VERB
fbem-14878	293	7	enhance	enhance	VERB
fbem-14878	293	8	employee	employee	NOUN
fbem-14878	293	9	cohesion	cohesion	NOUN
fbem-14878	293	10	,	,	PUNCT
fbem-14878	293	11	promote	promote	VERB
fbem-14878	293	12	the	the	DET
fbem-14878	293	13	integration	integration	NOUN
fbem-14878	293	14	and	and	CCONJ
fbem-14878	293	15	development	development	NOUN
fbem-14878	293	16	of	of	ADP
fbem-14878	293	17	corporate	corporate	ADJ
fbem-14878	293	18	culture	culture	NOUN
fbem-14878	293	19	,	,	PUNCT
fbem-14878	293	20	and	and	CCONJ
fbem-14878	293	21	reduce	reduce	VERB
fbem-14878	293	22	cultural	cultural	ADJ
fbem-14878	293	23	integration	integration	NOUN
fbem-14878	293	24	risks	risk	NOUN
fbem-14878	293	25	.	.	PUNCT
fbem-14878	294	1	194	194	NUM
fbem-14878	294	2	4.4	4.4	NUM
fbem-14878	294	3	.	.	PUNCT
fbem-14878	295	1	risk	risk	NOUN
fbem-14878	295	2	management	management	NOUN
fbem-14878	295	3	and	and	CCONJ
fbem-14878	295	4	response	response	NOUN
fbem-14878	295	5	strategies	strategy	NOUN
fbem-14878	295	6	for	for	ADP
fbem-14878	295	7	cross	cross	NOUN
fbem-14878	295	8	border	border	NOUN
fbem-14878	295	9	mergers	merger	NOUN
fbem-14878	295	10	and	and	CCONJ
fbem-14878	295	11	acquisitions	acquisition	NOUN
fbem-14878	295	12	of	of	ADP
fbem-14878	295	13	hna	hna	PROPN
fbem-14878	295	14	group	group	NOUN
fbem-14878	295	15	4.4.1	4.4.1	NUM
fbem-14878	295	16	.	.	PUNCT
fbem-14878	296	1	analysis	analysis	NOUN
fbem-14878	296	2	of	of	ADP
fbem-14878	296	3	possible	possible	ADJ
fbem-14878	296	4	risks	risk	NOUN
fbem-14878	296	5	in	in	ADP
fbem-14878	296	6	hna	hna	PROPN
fbem-14878	296	7	cross	cross	NOUN
fbem-14878	296	8	border	border	NOUN
fbem-14878	296	9	mergers	merger	NOUN
fbem-14878	296	10	and	and	CCONJ
fbem-14878	296	11	acquisitions	acquisition	NOUN
fbem-14878	296	12	(	(	PUNCT
fbem-14878	296	13	1	1	X
fbem-14878	296	14	)	)	PUNCT
fbem-14878	296	15	financing	financing	NOUN
fbem-14878	296	16	risk	risk	NOUN
fbem-14878	296	17	.	.	PUNCT
fbem-14878	297	1	as	as	ADP
fbem-14878	297	2	a	a	DET
fbem-14878	297	3	private	private	ADJ
fbem-14878	297	4	enterprise	enterprise	NOUN
fbem-14878	297	5	,	,	PUNCT
fbem-14878	297	6	hainan	hainan	PROPN
fbem-14878	297	7	airlines	airlines	PROPN
fbem-14878	297	8	is	be	AUX
fbem-14878	297	9	more	more	ADV
fbem-14878	297	10	likely	likely	ADJ
fbem-14878	297	11	to	to	PART
fbem-14878	297	12	be	be	AUX
fbem-14878	297	13	accepted	accept	VERB
fbem-14878	297	14	by	by	ADP
fbem-14878	297	15	the	the	DET
fbem-14878	297	16	target	target	NOUN
fbem-14878	297	17	company	company	NOUN
fbem-14878	297	18	's	's	PART
fbem-14878	297	19	country	country	NOUN
fbem-14878	297	20	compared	compare	VERB
fbem-14878	297	21	to	to	ADP
fbem-14878	297	22	state	state	NOUN
fbem-14878	297	23	-	-	PUNCT
fbem-14878	297	24	owned	own	VERB
fbem-14878	297	25	enterprises	enterprise	NOUN
fbem-14878	297	26	.	.	PUNCT
fbem-14878	298	1	in	in	ADP
fbem-14878	298	2	the	the	DET
fbem-14878	298	3	early	early	ADJ
fbem-14878	298	4	stage	stage	NOUN
fbem-14878	298	5	of	of	ADP
fbem-14878	298	6	m&a	m&a	PROPN
fbem-14878	298	7	negotiations	negotiation	NOUN
fbem-14878	298	8	,	,	PUNCT
fbem-14878	298	9	it	it	PRON
fbem-14878	298	10	can	can	AUX
fbem-14878	298	11	reduce	reduce	VERB
fbem-14878	298	12	the	the	DET
fbem-14878	298	13	possibility	possibility	NOUN
fbem-14878	298	14	of	of	ADP
fbem-14878	298	15	being	be	AUX
fbem-14878	298	16	rejected	reject	VERB
fbem-14878	298	17	by	by	ADP
fbem-14878	298	18	the	the	DET
fbem-14878	298	19	policies	policy	NOUN
fbem-14878	298	20	and	and	CCONJ
fbem-14878	298	21	laws	law	NOUN
fbem-14878	298	22	of	of	ADP
fbem-14878	298	23	the	the	DET
fbem-14878	298	24	target	target	NOUN
fbem-14878	298	25	company	company	NOUN
fbem-14878	298	26	's	's	PART
fbem-14878	298	27	country	country	NOUN
fbem-14878	298	28	.	.	PUNCT
fbem-14878	299	1	however	however	ADV
fbem-14878	299	2	,	,	PUNCT
fbem-14878	299	3	as	as	ADP
fbem-14878	299	4	a	a	DET
fbem-14878	299	5	private	private	ADJ
fbem-14878	299	6	enterprise	enterprise	NOUN
fbem-14878	299	7	,	,	PUNCT
fbem-14878	299	8	without	without	ADP
fbem-14878	299	9	strong	strong	ADJ
fbem-14878	299	10	financial	financial	ADJ
fbem-14878	299	11	support	support	NOUN
fbem-14878	299	12	from	from	ADP
fbem-14878	299	13	the	the	DET
fbem-14878	299	14	state	state	NOUN
fbem-14878	299	15	,	,	PUNCT
fbem-14878	299	16	it	it	PRON
fbem-14878	299	17	needs	need	VERB
fbem-14878	299	18	to	to	PART
fbem-14878	299	19	raise	raise	VERB
fbem-14878	299	20	funds	fund	NOUN
fbem-14878	299	21	through	through	ADP
fbem-14878	299	22	its	its	PRON
fbem-14878	299	23	own	own	ADJ
fbem-14878	299	24	financing	financing	NOUN
fbem-14878	299	25	channels	channel	NOUN
fbem-14878	299	26	during	during	ADP
fbem-14878	299	27	mergers	merger	NOUN
fbem-14878	299	28	and	and	CCONJ
fbem-14878	299	29	acquisitions	acquisition	NOUN
fbem-14878	299	30	.	.	PUNCT
fbem-14878	300	1	at	at	ADP
fbem-14878	300	2	the	the	DET
fbem-14878	300	3	end	end	NOUN
fbem-14878	300	4	of	of	ADP
fbem-14878	300	5	2017	2017	NUM
fbem-14878	300	6	,	,	PUNCT
fbem-14878	300	7	7	7	NUM
fbem-14878	300	8	out	out	ADP
fbem-14878	300	9	of	of	ADP
fbem-14878	300	10	10	10	NUM
fbem-14878	300	11	listed	list	VERB
fbem-14878	300	12	companies	company	NOUN
fbem-14878	300	13	in	in	ADP
fbem-14878	300	14	the	the	DET
fbem-14878	300	15	hainan	hainan	PROPN
fbem-14878	300	16	airlines	airlines	PROPN
fbem-14878	300	17	series	series	PROPN
fbem-14878	300	18	suddenly	suddenly	ADV
fbem-14878	300	19	experienced	experience	VERB
fbem-14878	300	20	a	a	DET
fbem-14878	300	21	suspension	suspension	NOUN
fbem-14878	300	22	of	of	ADP
fbem-14878	300	23	trading	trading	NOUN
fbem-14878	300	24	,	,	PUNCT
fbem-14878	300	25	which	which	PRON
fbem-14878	300	26	also	also	ADV
fbem-14878	300	27	indicates	indicate	VERB
fbem-14878	300	28	that	that	SCONJ
fbem-14878	300	29	hainan	hainan	PROPN
fbem-14878	300	30	airlines	airlines	PROPN
fbem-14878	300	31	is	be	AUX
fbem-14878	300	32	currently	currently	ADV
fbem-14878	300	33	facing	face	VERB
fbem-14878	300	34	liquidity	liquidity	NOUN
fbem-14878	300	35	issues	issue	NOUN
fbem-14878	300	36	.	.	PUNCT
fbem-14878	301	1	(	(	PUNCT
fbem-14878	301	2	2	2	X
fbem-14878	301	3	)	)	PUNCT
fbem-14878	301	4	political	political	ADJ
fbem-14878	301	5	and	and	CCONJ
fbem-14878	301	6	legal	legal	ADJ
fbem-14878	301	7	risks	risk	NOUN
fbem-14878	301	8	.	.	PUNCT
fbem-14878	302	1	as	as	ADP
fbem-14878	302	2	a	a	DET
fbem-14878	302	3	global	global	ADJ
fbem-14878	302	4	aircraft	aircraft	NOUN
fbem-14878	302	5	leasing	lease	VERB
fbem-14878	302	6	company	company	NOUN
fbem-14878	302	7	,	,	PUNCT
fbem-14878	302	8	avolon	avolon	PROPN
fbem-14878	302	9	is	be	AUX
fbem-14878	302	10	among	among	ADP
fbem-14878	302	11	the	the	DET
fbem-14878	302	12	world	world	NOUN
fbem-14878	302	13	's	's	PART
fbem-14878	302	14	leading	leading	NOUN
fbem-14878	302	15	,	,	PUNCT
fbem-14878	302	16	with	with	ADP
fbem-14878	302	17	offices	office	NOUN
fbem-14878	302	18	in	in	ADP
fbem-14878	302	19	china	china	PROPN
fbem-14878	302	20	,	,	PUNCT
fbem-14878	302	21	dubai	dubai	PROPN
fbem-14878	302	22	,	,	PUNCT
fbem-14878	302	23	singapore	singapore	PROPN
fbem-14878	302	24	,	,	PUNCT
fbem-14878	302	25	the	the	DET
fbem-14878	302	26	united	united	PROPN
fbem-14878	302	27	states	states	PROPN
fbem-14878	302	28	,	,	PUNCT
fbem-14878	302	29	and	and	CCONJ
fbem-14878	302	30	other	other	ADJ
fbem-14878	302	31	regions	region	NOUN
fbem-14878	302	32	.	.	PUNCT
fbem-14878	303	1	as	as	ADP
fbem-14878	303	2	a	a	DET
fbem-14878	303	3	private	private	ADJ
fbem-14878	303	4	enterprise	enterprise	NOUN
fbem-14878	303	5	in	in	ADP
fbem-14878	303	6	china	china	PROPN
fbem-14878	303	7	,	,	PUNCT
fbem-14878	303	8	hainan	hainan	PROPN
fbem-14878	303	9	airlines	airline	NOUN
fbem-14878	303	10	faces	face	VERB
fbem-14878	303	11	legal	legal	ADJ
fbem-14878	303	12	scrutiny	scrutiny	NOUN
fbem-14878	303	13	from	from	ADP
fbem-14878	303	14	multiple	multiple	ADJ
fbem-14878	303	15	countries	country	NOUN
fbem-14878	303	16	when	when	SCONJ
fbem-14878	303	17	acquiring	acquire	VERB
fbem-14878	303	18	avolon	avolon	PROPN
fbem-14878	303	19	.	.	PUNCT
fbem-14878	304	1	developed	develop	VERB
fbem-14878	304	2	countries	country	NOUN
fbem-14878	304	3	will	will	AUX
fbem-14878	304	4	be	be	AUX
fbem-14878	304	5	more	more	ADV
fbem-14878	304	6	stringent	stringent	ADJ
fbem-14878	304	7	in	in	ADP
fbem-14878	304	8	their	their	PRON
fbem-14878	304	9	approval	approval	NOUN
fbem-14878	304	10	process	process	NOUN
fbem-14878	304	11	to	to	PART
fbem-14878	304	12	protect	protect	VERB
fbem-14878	304	13	local	local	ADJ
fbem-14878	304	14	enterprises	enterprise	NOUN
fbem-14878	304	15	,	,	PUNCT
fbem-14878	304	16	which	which	PRON
fbem-14878	304	17	also	also	ADV
fbem-14878	304	18	makes	make	VERB
fbem-14878	304	19	hainan	hainan	PROPN
fbem-14878	304	20	airlines	airline	NOUN
fbem-14878	304	21	face	face	VERB
fbem-14878	304	22	political	political	ADJ
fbem-14878	304	23	and	and	CCONJ
fbem-14878	304	24	legal	legal	ADJ
fbem-14878	304	25	risks	risk	NOUN
fbem-14878	304	26	from	from	ADP
fbem-14878	304	27	multiple	multiple	ADJ
fbem-14878	304	28	countries	country	NOUN
fbem-14878	304	29	when	when	SCONJ
fbem-14878	304	30	conducting	conduct	VERB
fbem-14878	304	31	cross	cross	ADJ
fbem-14878	304	32	-	-	ADJ
fbem-14878	304	33	border	border	ADJ
fbem-14878	304	34	mergers	merger	NOUN
fbem-14878	304	35	and	and	CCONJ
fbem-14878	304	36	acquisitions	acquisition	NOUN
fbem-14878	304	37	.	.	PUNCT
fbem-14878	305	1	(	(	PUNCT
fbem-14878	305	2	3	3	X
fbem-14878	305	3	)	)	PUNCT
fbem-14878	305	4	internal	internal	ADJ
fbem-14878	305	5	control	control	NOUN
fbem-14878	305	6	risks	risk	NOUN
fbem-14878	305	7	.	.	PUNCT
fbem-14878	306	1	as	as	SCONJ
fbem-14878	306	2	an	an	DET
fbem-14878	306	3	international	international	ADJ
fbem-14878	306	4	group	group	NOUN
fbem-14878	306	5	,	,	PUNCT
fbem-14878	306	6	the	the	DET
fbem-14878	306	7	completeness	completeness	NOUN
fbem-14878	306	8	of	of	ADP
fbem-14878	306	9	hainan	hainan	PROPN
fbem-14878	306	10	airlines	airlines	PROPN
fbem-14878	306	11	'	'	PART
fbem-14878	306	12	internal	internal	ADJ
fbem-14878	306	13	control	control	NOUN
fbem-14878	306	14	system	system	NOUN
fbem-14878	306	15	is	be	AUX
fbem-14878	306	16	related	relate	VERB
fbem-14878	306	17	to	to	ADP
fbem-14878	306	18	its	its	PRON
fbem-14878	306	19	daily	daily	ADJ
fbem-14878	306	20	operations	operation	NOUN
fbem-14878	306	21	and	and	CCONJ
fbem-14878	306	22	the	the	DET
fbem-14878	306	23	success	success	NOUN
fbem-14878	306	24	of	of	ADP
fbem-14878	306	25	mergers	merger	NOUN
fbem-14878	306	26	and	and	CCONJ
fbem-14878	306	27	acquisitions	acquisition	NOUN
fbem-14878	306	28	.	.	PUNCT
fbem-14878	307	1	hainan	hainan	PROPN
fbem-14878	307	2	airlines	airlines	PROPN
fbem-14878	307	3	has	have	VERB
fbem-14878	307	4	a	a	DET
fbem-14878	307	5	complex	complex	ADJ
fbem-14878	307	6	structure	structure	NOUN
fbem-14878	307	7	and	and	CCONJ
fbem-14878	307	8	numerous	numerous	ADJ
fbem-14878	307	9	subsidiary	subsidiary	ADJ
fbem-14878	307	10	groups	group	NOUN
fbem-14878	307	11	,	,	PUNCT
fbem-14878	307	12	which	which	PRON
fbem-14878	307	13	poses	pose	VERB
fbem-14878	307	14	certain	certain	ADJ
fbem-14878	307	15	difficulties	difficulty	NOUN
fbem-14878	307	16	in	in	ADP
fbem-14878	307	17	supervision	supervision	NOUN
fbem-14878	307	18	and	and	CCONJ
fbem-14878	307	19	management	management	NOUN
fbem-14878	307	20	.	.	PUNCT
fbem-14878	308	1	in	in	ADP
fbem-14878	308	2	the	the	DET
fbem-14878	308	3	process	process	NOUN
fbem-14878	308	4	of	of	ADP
fbem-14878	308	5	acquiring	acquire	VERB
fbem-14878	308	6	avolon	avolon	PROPN
fbem-14878	308	7	,	,	PUNCT
fbem-14878	308	8	there	there	PRON
fbem-14878	308	9	are	be	VERB
fbem-14878	308	10	certain	certain	ADJ
fbem-14878	308	11	risks	risk	NOUN
fbem-14878	308	12	associated	associate	VERB
fbem-14878	308	13	with	with	ADP
fbem-14878	308	14	the	the	DET
fbem-14878	308	15	supervision	supervision	NOUN
fbem-14878	308	16	of	of	ADP
fbem-14878	308	17	the	the	DET
fbem-14878	308	18	internal	internal	ADJ
fbem-14878	308	19	business	business	NOUN
fbem-14878	308	20	status	status	NOUN
fbem-14878	308	21	of	of	ADP
fbem-14878	308	22	bohai	bohai	NOUN
fbem-14878	308	23	financial	financial	ADJ
fbem-14878	308	24	holding	holding	NOUN
fbem-14878	308	25	,	,	PUNCT
fbem-14878	308	26	mastery	mastery	NOUN
fbem-14878	308	27	of	of	ADP
fbem-14878	308	28	the	the	DET
fbem-14878	308	29	acquisition	acquisition	NOUN
fbem-14878	308	30	process	process	NOUN
fbem-14878	308	31	,	,	PUNCT
fbem-14878	308	32	and	and	CCONJ
fbem-14878	308	33	information	information	NOUN
fbem-14878	308	34	and	and	CCONJ
fbem-14878	308	35	communication	communication	NOUN
fbem-14878	308	36	at	at	ADP
fbem-14878	308	37	the	the	DET
fbem-14878	308	38	upper	upper	ADJ
fbem-14878	308	39	and	and	CCONJ
fbem-14878	308	40	lower	low	ADJ
fbem-14878	308	41	levels	level	NOUN
fbem-14878	308	42	.	.	PUNCT
fbem-14878	309	1	the	the	DET
fbem-14878	309	2	effectiveness	effectiveness	NOUN
fbem-14878	309	3	of	of	ADP
fbem-14878	309	4	internal	internal	ADJ
fbem-14878	309	5	control	control	NOUN
fbem-14878	309	6	has	have	VERB
fbem-14878	309	7	a	a	DET
fbem-14878	309	8	very	very	ADV
fbem-14878	309	9	important	important	ADJ
fbem-14878	309	10	impact	impact	NOUN
fbem-14878	309	11	on	on	ADP
fbem-14878	309	12	its	its	PRON
fbem-14878	309	13	cross	cross	ADJ
fbem-14878	309	14	-	-	ADJ
fbem-14878	309	15	border	border	ADJ
fbem-14878	309	16	mergers	merger	NOUN
fbem-14878	309	17	and	and	CCONJ
fbem-14878	309	18	acquisitions	acquisition	NOUN
fbem-14878	309	19	.	.	PUNCT
fbem-14878	310	1	at	at	ADP
fbem-14878	310	2	the	the	DET
fbem-14878	310	3	same	same	ADJ
fbem-14878	310	4	time	time	NOUN
fbem-14878	310	5	,	,	PUNCT
fbem-14878	310	6	cross	cross	ADJ
fbem-14878	310	7	-	-	ADJ
fbem-14878	310	8	border	border	ADJ
fbem-14878	310	9	mergers	merger	NOUN
fbem-14878	310	10	and	and	CCONJ
fbem-14878	310	11	acquisitions	acquisition	NOUN
fbem-14878	310	12	have	have	AUX
fbem-14878	310	13	increased	increase	VERB
fbem-14878	310	14	the	the	DET
fbem-14878	310	15	difficulty	difficulty	NOUN
fbem-14878	310	16	of	of	ADP
fbem-14878	310	17	internal	internal	ADJ
fbem-14878	310	18	control	control	NOUN
fbem-14878	310	19	.	.	PUNCT
fbem-14878	311	1	therefore	therefore	ADV
fbem-14878	311	2	,	,	PUNCT
fbem-14878	311	3	hainan	hainan	PROPN
fbem-14878	311	4	airlines	airlines	PROPN
fbem-14878	311	5	needs	need	VERB
fbem-14878	311	6	to	to	PART
fbem-14878	311	7	pay	pay	VERB
fbem-14878	311	8	attention	attention	NOUN
fbem-14878	311	9	to	to	ADP
fbem-14878	311	10	internal	internal	ADJ
fbem-14878	311	11	control	control	NOUN
fbem-14878	311	12	risks	risk	NOUN
fbem-14878	311	13	when	when	SCONJ
fbem-14878	311	14	conducting	conduct	VERB
fbem-14878	311	15	cross	cross	ADJ
fbem-14878	311	16	-	-	ADJ
fbem-14878	311	17	border	border	ADJ
fbem-14878	311	18	mergers	merger	NOUN
fbem-14878	311	19	and	and	CCONJ
fbem-14878	311	20	acquisitions	acquisition	NOUN
fbem-14878	311	21	.	.	PUNCT
fbem-14878	312	1	(	(	PUNCT
fbem-14878	312	2	4	4	X
fbem-14878	312	3	)	)	PUNCT
fbem-14878	312	4	human	human	ADJ
fbem-14878	312	5	resource	resource	NOUN
fbem-14878	312	6	integration	integration	NOUN
fbem-14878	312	7	risks	risk	NOUN
fbem-14878	312	8	.	.	PUNCT
fbem-14878	313	1	hainan	hainan	PROPN
fbem-14878	313	2	airlines	airlines	PROPN
fbem-14878	313	3	has	have	AUX
fbem-14878	313	4	conducted	conduct	VERB
fbem-14878	313	5	multiple	multiple	ADJ
fbem-14878	313	6	cross	cross	ADJ
fbem-14878	313	7	-	-	ADJ
fbem-14878	313	8	border	border	ADJ
fbem-14878	313	9	mergers	merger	NOUN
fbem-14878	313	10	and	and	CCONJ
fbem-14878	313	11	acquisitions	acquisition	NOUN
fbem-14878	313	12	in	in	ADP
fbem-14878	313	13	recent	recent	ADJ
fbem-14878	313	14	years	year	NOUN
fbem-14878	313	15	.	.	PUNCT
fbem-14878	314	1	on	on	ADP
fbem-14878	314	2	the	the	DET
fbem-14878	314	3	surface	surface	NOUN
fbem-14878	314	4	,	,	PUNCT
fbem-14878	314	5	through	through	ADP
fbem-14878	314	6	these	these	DET
fbem-14878	314	7	series	series	NOUN
fbem-14878	314	8	of	of	ADP
fbem-14878	314	9	crossborder	crossborder	NOUN
fbem-14878	314	10	mergers	merger	NOUN
fbem-14878	314	11	and	and	CCONJ
fbem-14878	314	12	acquisitions	acquisition	NOUN
fbem-14878	314	13	,	,	PUNCT
fbem-14878	314	14	hainan	hainan	PROPN
fbem-14878	314	15	airlines	airlines	PROPN
fbem-14878	314	16	group	group	NOUN
fbem-14878	314	17	has	have	AUX
fbem-14878	314	18	become	become	VERB
fbem-14878	314	19	a	a	DET
fbem-14878	314	20	multinational	multinational	ADJ
fbem-14878	314	21	and	and	CCONJ
fbem-14878	314	22	cross	cross	NOUN
fbem-14878	314	23	industry	industry	NOUN
fbem-14878	314	24	diversified	diversify	VERB
fbem-14878	314	25	international	international	ADJ
fbem-14878	314	26	group	group	NOUN
fbem-14878	314	27	,	,	PUNCT
fbem-14878	314	28	no	no	ADV
fbem-14878	314	29	less	less	ADJ
fbem-14878	314	30	than	than	ADP
fbem-14878	314	31	the	the	DET
fbem-14878	314	32	three	three	NUM
fbem-14878	314	33	major	major	ADJ
fbem-14878	314	34	domestic	domestic	ADJ
fbem-14878	314	35	airlines	airline	NOUN
fbem-14878	314	36	,	,	PUNCT
fbem-14878	314	37	and	and	CCONJ
fbem-14878	314	38	has	have	AUX
fbem-14878	314	39	also	also	ADV
fbem-14878	314	40	occupied	occupy	VERB
fbem-14878	314	41	a	a	DET
fbem-14878	314	42	place	place	NOUN
fbem-14878	314	43	in	in	ADP
fbem-14878	314	44	the	the	DET
fbem-14878	314	45	fortune	fortune	NOUN
fbem-14878	314	46	global	global	ADJ
fbem-14878	314	47	500	500	NUM
fbem-14878	314	48	companies	company	NOUN
fbem-14878	314	49	.	.	PUNCT
fbem-14878	315	1	however	however	ADV
fbem-14878	315	2	,	,	PUNCT
fbem-14878	315	3	this	this	DET
fbem-14878	315	4	series	series	NOUN
fbem-14878	315	5	of	of	ADP
fbem-14878	315	6	cross	cross	ADJ
fbem-14878	315	7	-	-	ADJ
fbem-14878	315	8	border	border	ADJ
fbem-14878	315	9	mergers	merger	NOUN
fbem-14878	315	10	and	and	CCONJ
fbem-14878	315	11	acquisitions	acquisition	NOUN
fbem-14878	315	12	has	have	AUX
fbem-14878	315	13	also	also	ADV
fbem-14878	315	14	brought	bring	VERB
fbem-14878	315	15	integration	integration	NOUN
fbem-14878	315	16	challenges	challenge	NOUN
fbem-14878	315	17	.	.	PUNCT
fbem-14878	316	1	due	due	ADP
fbem-14878	316	2	to	to	ADP
fbem-14878	316	3	the	the	DET
fbem-14878	316	4	short	short	ADJ
fbem-14878	316	5	interval	interval	NOUN
fbem-14878	316	6	and	and	CCONJ
fbem-14878	316	7	fast	fast	ADJ
fbem-14878	316	8	pace	pace	NOUN
fbem-14878	316	9	of	of	ADP
fbem-14878	316	10	hna	hna	PROPN
fbem-14878	316	11	's	's	PART
fbem-14878	316	12	m&a	m&a	PROPN
fbem-14878	316	13	activities	activity	NOUN
fbem-14878	316	14	,	,	PUNCT
fbem-14878	316	15	the	the	DET
fbem-14878	316	16	internal	internal	ADJ
fbem-14878	316	17	human	human	ADJ
fbem-14878	316	18	resources	resource	NOUN
fbem-14878	316	19	of	of	ADP
fbem-14878	316	20	hna	hna	PROPN
fbem-14878	316	21	group	group	NOUN
fbem-14878	316	22	can	can	AUX
fbem-14878	316	23	not	not	PART
fbem-14878	316	24	match	match	VERB
fbem-14878	316	25	its	its	PRON
fbem-14878	316	26	expansion	expansion	NOUN
fbem-14878	316	27	speed	speed	NOUN
fbem-14878	316	28	,	,	PUNCT
fbem-14878	316	29	and	and	CCONJ
fbem-14878	316	30	the	the	DET
fbem-14878	316	31	company	company	NOUN
fbem-14878	316	32	can	can	AUX
fbem-14878	316	33	not	not	PART
fbem-14878	316	34	cultivate	cultivate	VERB
fbem-14878	316	35	talents	talent	NOUN
fbem-14878	316	36	who	who	PRON
fbem-14878	316	37	are	be	AUX
fbem-14878	316	38	proficient	proficient	ADJ
fbem-14878	316	39	in	in	ADP
fbem-14878	316	40	the	the	DET
fbem-14878	316	41	business	business	NOUN
fbem-14878	316	42	of	of	ADP
fbem-14878	316	43	both	both	DET
fbem-14878	316	44	companies	company	NOUN
fbem-14878	316	45	in	in	ADP
fbem-14878	316	46	just	just	ADV
fbem-14878	316	47	a	a	DET
fbem-14878	316	48	few	few	ADJ
fbem-14878	316	49	years	year	NOUN
fbem-14878	316	50	.	.	PUNCT
fbem-14878	317	1	even	even	ADV
fbem-14878	317	2	inexperienced	inexperienced	ADJ
fbem-14878	317	3	employees	employee	NOUN
fbem-14878	317	4	who	who	PRON
fbem-14878	317	5	are	be	AUX
fbem-14878	317	6	dispatched	dispatch	VERB
fbem-14878	317	7	to	to	ADP
fbem-14878	317	8	a	a	DET
fbem-14878	317	9	new	new	ADJ
fbem-14878	317	10	company	company	NOUN
fbem-14878	317	11	may	may	AUX
fbem-14878	317	12	experience	experience	VERB
fbem-14878	317	13	reduced	reduce	VERB
fbem-14878	317	14	work	work	NOUN
fbem-14878	317	15	efficiency	efficiency	NOUN
fbem-14878	317	16	due	due	ADP
fbem-14878	317	17	to	to	ADP
fbem-14878	317	18	their	their	PRON
fbem-14878	317	19	inability	inability	NOUN
fbem-14878	317	20	to	to	PART
fbem-14878	317	21	adapt	adapt	VERB
fbem-14878	317	22	to	to	ADP
fbem-14878	317	23	the	the	DET
fbem-14878	317	24	differences	difference	NOUN
fbem-14878	317	25	in	in	ADP
fbem-14878	317	26	management	management	NOUN
fbem-14878	317	27	styles	style	NOUN
fbem-14878	317	28	between	between	ADP
fbem-14878	317	29	the	the	DET
fbem-14878	317	30	two	two	NUM
fbem-14878	317	31	companies	company	NOUN
fbem-14878	317	32	.	.	PUNCT
fbem-14878	318	1	(	(	PUNCT
fbem-14878	318	2	5	5	X
fbem-14878	318	3	)	)	PUNCT
fbem-14878	318	4	cultural	cultural	ADJ
fbem-14878	318	5	integration	integration	NOUN
fbem-14878	318	6	risks	risk	NOUN
fbem-14878	318	7	.	.	PUNCT
fbem-14878	319	1	the	the	DET
fbem-14878	319	2	crazy	crazy	ADJ
fbem-14878	319	3	merger	merger	NOUN
fbem-14878	319	4	and	and	CCONJ
fbem-14878	319	5	acquisition	acquisition	NOUN
fbem-14878	319	6	of	of	ADP
fbem-14878	319	7	hainan	hainan	PROPN
fbem-14878	319	8	airlines	airlines	PROPN
fbem-14878	319	9	also	also	ADV
fbem-14878	319	10	brings	bring	VERB
fbem-14878	319	11	cultural	cultural	ADJ
fbem-14878	319	12	integration	integration	NOUN
fbem-14878	319	13	risks	risk	NOUN
fbem-14878	319	14	.	.	PUNCT
fbem-14878	320	1	due	due	ADP
fbem-14878	320	2	to	to	ADP
fbem-14878	320	3	the	the	DET
fbem-14878	320	4	excessive	excessive	ADJ
fbem-14878	320	5	number	number	NOUN
fbem-14878	320	6	of	of	ADP
fbem-14878	320	7	mergers	merger	NOUN
fbem-14878	320	8	and	and	CCONJ
fbem-14878	320	9	acquisitions	acquisition	NOUN
fbem-14878	320	10	and	and	CCONJ
fbem-14878	320	11	short	short	ADJ
fbem-14878	320	12	time	time	NOUN
fbem-14878	320	13	intervals	interval	NOUN
fbem-14878	320	14	,	,	PUNCT
fbem-14878	320	15	different	different	ADJ
fbem-14878	320	16	cultures	culture	NOUN
fbem-14878	320	17	from	from	ADP
fbem-14878	320	18	different	different	ADJ
fbem-14878	320	19	countries	country	NOUN
fbem-14878	320	20	will	will	AUX
fbem-14878	320	21	merge	merge	VERB
fbem-14878	320	22	together	together	ADV
fbem-14878	320	23	in	in	ADP
fbem-14878	320	24	a	a	DET
fbem-14878	320	25	short	short	ADJ
fbem-14878	320	26	period	period	NOUN
fbem-14878	320	27	of	of	ADP
fbem-14878	320	28	time	time	NOUN
fbem-14878	320	29	,	,	PUNCT
fbem-14878	320	30	resulting	result	VERB
fbem-14878	320	31	in	in	ADP
fbem-14878	320	32	cultural	cultural	ADJ
fbem-14878	320	33	differences	difference	NOUN
fbem-14878	320	34	.	.	PUNCT
fbem-14878	321	1	after	after	ADP
fbem-14878	321	2	the	the	DET
fbem-14878	321	3	merger	merger	NOUN
fbem-14878	321	4	,	,	PUNCT
fbem-14878	321	5	the	the	DET
fbem-14878	321	6	cultural	cultural	ADJ
fbem-14878	321	7	differences	difference	NOUN
fbem-14878	321	8	between	between	ADP
fbem-14878	321	9	the	the	DET
fbem-14878	321	10	company	company	NOUN
fbem-14878	321	11	and	and	CCONJ
fbem-14878	321	12	personnel	personnel	NOUN
fbem-14878	321	13	will	will	AUX
fbem-14878	321	14	make	make	VERB
fbem-14878	321	15	the	the	DET
fbem-14878	321	16	company	company	NOUN
fbem-14878	321	17	's	's	PART
fbem-14878	321	18	employees	employee	NOUN
fbem-14878	321	19	lack	lack	VERB
fbem-14878	321	20	identification	identification	NOUN
fbem-14878	321	21	and	and	CCONJ
fbem-14878	321	22	undermine	undermine	VERB
fbem-14878	321	23	the	the	DET
fbem-14878	321	24	stability	stability	NOUN
fbem-14878	321	25	of	of	ADP
fbem-14878	321	26	the	the	DET
fbem-14878	321	27	company	company	NOUN
fbem-14878	321	28	.	.	PUNCT
fbem-14878	322	1	this	this	PRON
fbem-14878	322	2	is	be	AUX
fbem-14878	322	3	a	a	DET
fbem-14878	322	4	problem	problem	NOUN
fbem-14878	322	5	that	that	PRON
fbem-14878	322	6	can	can	AUX
fbem-14878	322	7	not	not	PART
fbem-14878	322	8	be	be	AUX
fbem-14878	322	9	solved	solve	VERB
fbem-14878	322	10	quickly	quickly	ADV
fbem-14878	322	11	in	in	ADP
fbem-14878	322	12	a	a	DET
fbem-14878	322	13	short	short	ADJ
fbem-14878	322	14	period	period	NOUN
fbem-14878	322	15	of	of	ADP
fbem-14878	322	16	time	time	NOUN
fbem-14878	322	17	,	,	PUNCT
fbem-14878	322	18	but	but	CCONJ
fbem-14878	322	19	it	it	PRON
fbem-14878	322	20	also	also	ADV
fbem-14878	322	21	brings	bring	VERB
fbem-14878	322	22	risks	risk	NOUN
fbem-14878	322	23	to	to	ADP
fbem-14878	322	24	the	the	DET
fbem-14878	322	25	operation	operation	NOUN
fbem-14878	322	26	.	.	PUNCT
fbem-14878	323	1	4.4.2	4.4.2	X
fbem-14878	323	2	.	.	PUNCT
fbem-14878	323	3	management	management	NOUN
fbem-14878	323	4	and	and	CCONJ
fbem-14878	323	5	response	response	NOUN
fbem-14878	323	6	to	to	ADP
fbem-14878	323	7	cross	cross	ADJ
fbem-14878	323	8	-	-	ADJ
fbem-14878	323	9	border	border	ADJ
fbem-14878	323	10	m&a	m&a	PROPN
fbem-14878	323	11	risks	risk	NOUN
fbem-14878	323	12	of	of	ADP
fbem-14878	323	13	hainan	hainan	PROPN
fbem-14878	323	14	airlines	airline	NOUN
fbem-14878	323	15	(	(	PUNCT
fbem-14878	323	16	1	1	X
fbem-14878	323	17	)	)	PUNCT
fbem-14878	323	18	financing	financing	NOUN
fbem-14878	323	19	risk	risk	NOUN
fbem-14878	323	20	response	response	NOUN
fbem-14878	323	21	.	.	PUNCT
fbem-14878	324	1	in	in	ADP
fbem-14878	324	2	the	the	DET
fbem-14878	324	3	selection	selection	NOUN
fbem-14878	324	4	of	of	ADP
fbem-14878	324	5	financing	financing	NOUN
fbem-14878	324	6	methods	method	NOUN
fbem-14878	324	7	,	,	PUNCT
fbem-14878	324	8	hna	hna	PROPN
fbem-14878	324	9	group	group	NOUN
fbem-14878	324	10	should	should	AUX
fbem-14878	324	11	pay	pay	VERB
fbem-14878	324	12	attention	attention	NOUN
fbem-14878	324	13	to	to	ADP
fbem-14878	324	14	its	its	PRON
fbem-14878	324	15	own	own	ADJ
fbem-14878	324	16	actual	actual	ADJ
fbem-14878	324	17	situation	situation	NOUN
fbem-14878	324	18	and	and	CCONJ
fbem-14878	324	19	combine	combine	VERB
fbem-14878	324	20	it	it	PRON
fbem-14878	324	21	with	with	ADP
fbem-14878	324	22	the	the	DET
fbem-14878	324	23	specific	specific	ADJ
fbem-14878	324	24	situation	situation	NOUN
fbem-14878	324	25	of	of	ADP
fbem-14878	324	26	the	the	DET
fbem-14878	324	27	acquired	acquire	VERB
fbem-14878	324	28	party	party	NOUN
fbem-14878	324	29	to	to	PART
fbem-14878	324	30	choose	choose	VERB
fbem-14878	324	31	an	an	DET
fbem-14878	324	32	appropriate	appropriate	ADJ
fbem-14878	324	33	financing	financing	NOUN
fbem-14878	324	34	method	method	NOUN
fbem-14878	324	35	.	.	PUNCT
fbem-14878	325	1	at	at	ADP
fbem-14878	325	2	the	the	DET
fbem-14878	325	3	same	same	ADJ
fbem-14878	325	4	time	time	NOUN
fbem-14878	325	5	,	,	PUNCT
fbem-14878	325	6	while	while	SCONJ
fbem-14878	325	7	meeting	meet	VERB
fbem-14878	325	8	the	the	DET
fbem-14878	325	9	funding	funding	NOUN
fbem-14878	325	10	needs	need	NOUN
fbem-14878	325	11	of	of	ADP
fbem-14878	325	12	hna	hna	PROPN
fbem-14878	325	13	's	's	PART
fbem-14878	325	14	mergers	merger	NOUN
fbem-14878	325	15	and	and	CCONJ
fbem-14878	325	16	acquisitions	acquisition	NOUN
fbem-14878	325	17	,	,	PUNCT
fbem-14878	325	18	choose	choose	VERB
fbem-14878	325	19	an	an	DET
fbem-14878	325	20	appropriate	appropriate	ADJ
fbem-14878	325	21	financing	financing	NOUN
fbem-14878	325	22	combination	combination	NOUN
fbem-14878	325	23	to	to	PART
fbem-14878	325	24	reduce	reduce	VERB
fbem-14878	325	25	the	the	DET
fbem-14878	325	26	company	company	NOUN
fbem-14878	325	27	's	's	PART
fbem-14878	325	28	financing	financing	NOUN
fbem-14878	325	29	costs	cost	NOUN
fbem-14878	325	30	.	.	PUNCT
fbem-14878	326	1	hainan	hainan	PROPN
fbem-14878	326	2	airlines	airlines	PROPN
fbem-14878	326	3	can	can	AUX
fbem-14878	326	4	choose	choose	VERB
fbem-14878	326	5	to	to	PART
fbem-14878	326	6	cooperate	cooperate	VERB
fbem-14878	326	7	with	with	ADP
fbem-14878	326	8	international	international	ADJ
fbem-14878	326	9	enterprises	enterprise	NOUN
fbem-14878	326	10	when	when	SCONJ
fbem-14878	326	11	conducting	conduct	VERB
fbem-14878	326	12	cross	cross	ADJ
fbem-14878	326	13	-	-	ADJ
fbem-14878	326	14	border	border	ADJ
fbem-14878	326	15	m&a	m&a	PROPN
fbem-14878	326	16	activities	activity	NOUN
fbem-14878	326	17	,	,	PUNCT
fbem-14878	326	18	and	and	CCONJ
fbem-14878	326	19	achieve	achieve	VERB
fbem-14878	326	20	a	a	DET
fbem-14878	326	21	win	win	NOUN
fbem-14878	326	22	-	-	PUNCT
fbem-14878	326	23	win	win	NOUN
fbem-14878	326	24	situation	situation	NOUN
fbem-14878	326	25	for	for	ADP
fbem-14878	326	26	all	all	DET
fbem-14878	326	27	three	three	NUM
fbem-14878	326	28	parties	party	NOUN
fbem-14878	326	29	through	through	ADP
fbem-14878	326	30	joint	joint	ADJ
fbem-14878	326	31	risk	risk	NOUN
fbem-14878	326	32	sharing	sharing	NOUN
fbem-14878	326	33	.	.	PUNCT
fbem-14878	327	1	this	this	DET
fbem-14878	327	2	approach	approach	NOUN
fbem-14878	327	3	can	can	AUX
fbem-14878	327	4	reduce	reduce	VERB
fbem-14878	327	5	the	the	DET
fbem-14878	327	6	financing	financing	NOUN
fbem-14878	327	7	risks	risk	NOUN
fbem-14878	327	8	of	of	ADP
fbem-14878	327	9	hainan	hainan	PROPN
fbem-14878	327	10	airlines	airline	NOUN
fbem-14878	327	11	in	in	ADP
fbem-14878	327	12	the	the	DET
fbem-14878	327	13	m&a	m&a	PROPN
fbem-14878	327	14	process	process	NOUN
fbem-14878	327	15	.	.	PUNCT
fbem-14878	328	1	in	in	ADP
fbem-14878	328	2	addition	addition	NOUN
fbem-14878	328	3	,	,	PUNCT
fbem-14878	328	4	risk	risk	NOUN
fbem-14878	328	5	transfer	transfer	NOUN
fbem-14878	328	6	can	can	AUX
fbem-14878	328	7	also	also	ADV
fbem-14878	328	8	be	be	AUX
fbem-14878	328	9	used	use	VERB
fbem-14878	328	10	to	to	PART
fbem-14878	328	11	raise	raise	VERB
fbem-14878	328	12	funds	fund	NOUN
fbem-14878	328	13	from	from	ADP
fbem-14878	328	14	banks	bank	NOUN
fbem-14878	328	15	or	or	CCONJ
fbem-14878	328	16	other	other	ADJ
fbem-14878	328	17	institutions	institution	NOUN
fbem-14878	328	18	as	as	ADV
fbem-14878	328	19	much	much	ADV
fbem-14878	328	20	as	as	ADP
fbem-14878	328	21	possible	possible	ADJ
fbem-14878	328	22	with	with	ADP
fbem-14878	328	23	sufficient	sufficient	ADJ
fbem-14878	328	24	self	self	NOUN
fbem-14878	328	25	owned	own	VERB
fbem-14878	328	26	funds	fund	NOUN
fbem-14878	328	27	,	,	PUNCT
fbem-14878	328	28	reducing	reduce	VERB
fbem-14878	328	29	the	the	DET
fbem-14878	328	30	pressure	pressure	NOUN
fbem-14878	328	31	on	on	ADP
fbem-14878	328	32	one	one	PRON
fbem-14878	328	33	's	's	PART
fbem-14878	328	34	own	own	ADJ
fbem-14878	328	35	capital	capital	NOUN
fbem-14878	328	36	flow	flow	NOUN
fbem-14878	328	37	and	and	CCONJ
fbem-14878	328	38	lowering	lower	VERB
fbem-14878	328	39	financing	financing	NOUN
fbem-14878	328	40	risks	risk	NOUN
fbem-14878	328	41	.	.	PUNCT
fbem-14878	329	1	(	(	PUNCT
fbem-14878	329	2	2	2	X
fbem-14878	329	3	)	)	PUNCT
fbem-14878	329	4	political	political	ADJ
fbem-14878	329	5	and	and	CCONJ
fbem-14878	329	6	legal	legal	ADJ
fbem-14878	329	7	risk	risk	NOUN
fbem-14878	329	8	response	response	NOUN
fbem-14878	329	9	.	.	PUNCT
fbem-14878	330	1	hna	hna	PROPN
fbem-14878	330	2	has	have	AUX
fbem-14878	330	3	effectively	effectively	ADV
fbem-14878	330	4	avoided	avoid	VERB
fbem-14878	330	5	strict	strict	ADJ
fbem-14878	330	6	government	government	NOUN
fbem-14878	330	7	approvals	approval	NOUN
fbem-14878	330	8	in	in	ADP
fbem-14878	330	9	response	response	NOUN
fbem-14878	330	10	to	to	ADP
fbem-14878	330	11	political	political	ADJ
fbem-14878	330	12	and	and	CCONJ
fbem-14878	330	13	legal	legal	ADJ
fbem-14878	330	14	risks	risk	NOUN
fbem-14878	330	15	.	.	PUNCT
fbem-14878	331	1	after	after	ADP
fbem-14878	331	2	deciding	decide	VERB
fbem-14878	331	3	to	to	PART
fbem-14878	331	4	acquire	acquire	VERB
fbem-14878	331	5	avolon	avolon	NOUN
fbem-14878	331	6	company	company	PROPN
fbem-14878	331	7	,	,	PUNCT
fbem-14878	331	8	hainan	hainan	PROPN
fbem-14878	331	9	airlines	airlines	PROPN
fbem-14878	331	10	group	group	NOUN
fbem-14878	331	11	immediately	immediately	ADV
fbem-14878	331	12	applied	apply	VERB
fbem-14878	331	13	to	to	ADP
fbem-14878	331	14	the	the	DET
fbem-14878	331	15	government	government	NOUN
fbem-14878	331	16	and	and	CCONJ
fbem-14878	331	17	obtained	obtain	VERB
fbem-14878	331	18	the	the	DET
fbem-14878	331	19	project	project	NOUN
fbem-14878	331	20	filing	filing	NOUN
fbem-14878	331	21	notice	notice	NOUN
fbem-14878	331	22	from	from	ADP
fbem-14878	331	23	the	the	DET
fbem-14878	331	24	national	national	PROPN
fbem-14878	331	25	development	development	PROPN
fbem-14878	331	26	and	and	CCONJ
fbem-14878	331	27	reform	reform	PROPN
fbem-14878	331	28	commission	commission	PROPN
fbem-14878	331	29	on	on	ADP
fbem-14878	331	30	october	october	PROPN
fbem-14878	331	31	9	9	NUM
fbem-14878	331	32	,	,	PUNCT
fbem-14878	331	33	2015	2015	NUM
fbem-14878	331	34	.	.	PUNCT
fbem-14878	332	1	on	on	ADP
fbem-14878	332	2	the	the	DET
fbem-14878	332	3	same	same	ADJ
fbem-14878	332	4	day	day	NOUN
fbem-14878	332	5	,	,	PUNCT
fbem-14878	332	6	it	it	PRON
fbem-14878	332	7	obtained	obtain	VERB
fbem-14878	332	8	the	the	DET
fbem-14878	332	9	overseas	overseas	ADJ
fbem-14878	332	10	investment	investment	NOUN
fbem-14878	332	11	certificate	certificate	NOUN
fbem-14878	332	12	from	from	ADP
fbem-14878	332	13	the	the	DET
fbem-14878	332	14	tianjin	tianjin	PROPN
fbem-14878	332	15	commerce	commerce	PROPN
fbem-14878	332	16	commission	commission	PROPN
fbem-14878	332	17	.	.	PUNCT
fbem-14878	333	1	hainan	hainan	PROPN
fbem-14878	333	2	airlines	airlines	PROPN
fbem-14878	333	3	had	have	AUX
fbem-14878	333	4	already	already	ADV
fbem-14878	333	5	formulated	formulate	VERB
fbem-14878	333	6	a	a	DET
fbem-14878	333	7	plan	plan	NOUN
fbem-14878	333	8	in	in	ADP
fbem-14878	333	9	the	the	DET
fbem-14878	333	10	pre	pre	ADJ
fbem-14878	333	11	merger	merger	NOUN
fbem-14878	333	12	preparation	preparation	NOUN
fbem-14878	333	13	stage	stage	NOUN
fbem-14878	333	14	and	and	CCONJ
fbem-14878	333	15	strictly	strictly	ADV
fbem-14878	333	16	followed	follow	VERB
fbem-14878	333	17	the	the	DET
fbem-14878	333	18	requirements	requirement	NOUN
fbem-14878	333	19	of	of	ADP
fbem-14878	333	20	national	national	ADJ
fbem-14878	333	21	laws	law	NOUN
fbem-14878	333	22	and	and	CCONJ
fbem-14878	333	23	regulations	regulation	NOUN
fbem-14878	333	24	for	for	ADP
fbem-14878	333	25	cross	cross	ADJ
fbem-14878	333	26	-	-	ADJ
fbem-14878	333	27	border	border	ADJ
fbem-14878	333	28	mergers	merger	NOUN
fbem-14878	333	29	and	and	CCONJ
fbem-14878	333	30	acquisitions	acquisition	NOUN
fbem-14878	333	31	.	.	PUNCT
fbem-14878	334	1	for	for	ADP
fbem-14878	334	2	the	the	DET
fbem-14878	334	3	political	political	ADJ
fbem-14878	334	4	review	review	NOUN
fbem-14878	334	5	of	of	ADP
fbem-14878	334	6	foreign	foreign	ADJ
fbem-14878	334	7	countries	country	NOUN
fbem-14878	334	8	,	,	PUNCT
fbem-14878	334	9	after	after	ADP
fbem-14878	334	10	deciding	decide	VERB
fbem-14878	334	11	to	to	PART
fbem-14878	334	12	acquire	acquire	VERB
fbem-14878	334	13	avolon	avolon	PROPN
fbem-14878	334	14	,	,	PUNCT
fbem-14878	334	15	hna	hna	PROPN
fbem-14878	334	16	submitted	submit	VERB
fbem-14878	334	17	a	a	DET
fbem-14878	334	18	review	review	NOUN
fbem-14878	334	19	application	application	NOUN
fbem-14878	334	20	to	to	ADP
fbem-14878	334	21	the	the	DET
fbem-14878	334	22	government	government	NOUN
fbem-14878	334	23	of	of	ADP
fbem-14878	334	24	the	the	DET
fbem-14878	334	25	acquired	acquire	VERB
fbem-14878	334	26	party	party	NOUN
fbem-14878	334	27	.	.	PUNCT
fbem-14878	335	1	after	after	ADP
fbem-14878	335	2	investigation	investigation	NOUN
fbem-14878	335	3	and	and	CCONJ
fbem-14878	335	4	approval	approval	NOUN
fbem-14878	335	5	,	,	PUNCT
fbem-14878	335	6	the	the	DET
fbem-14878	335	7	german	german	ADJ
fbem-14878	335	8	federal	federal	ADJ
fbem-14878	335	9	kotel	kotel	PROPN
fbem-14878	335	10	agency	agency	PROPN
fbem-14878	335	11	believed	believe	VERB
fbem-14878	335	12	that	that	SCONJ
fbem-14878	335	13	the	the	DET
fbem-14878	335	14	merger	merger	NOUN
fbem-14878	335	15	transaction	transaction	NOUN
fbem-14878	335	16	did	do	AUX
fbem-14878	335	17	not	not	PART
fbem-14878	335	18	violate	violate	VERB
fbem-14878	335	19	relevant	relevant	ADJ
fbem-14878	335	20	laws	law	NOUN
fbem-14878	335	21	and	and	CCONJ
fbem-14878	335	22	obtained	obtain	VERB
fbem-14878	335	23	the	the	DET
fbem-14878	335	24	consent	consent	NOUN
fbem-14878	335	25	of	of	ADP
fbem-14878	335	26	the	the	DET
fbem-14878	335	27	federal	federal	ADJ
fbem-14878	335	28	kotel	kotel	PROPN
fbem-14878	335	29	agency	agency	PROPN
fbem-14878	335	30	on	on	ADP
fbem-14878	335	31	october	october	PROPN
fbem-14878	335	32	23	23	NUM
fbem-14878	335	33	,	,	PUNCT
fbem-14878	335	34	2015	2015	NUM
fbem-14878	335	35	.	.	PUNCT
fbem-14878	336	1	in	in	ADP
fbem-14878	336	2	the	the	DET
fbem-14878	336	3	same	same	ADJ
fbem-14878	336	4	month	month	NOUN
fbem-14878	336	5	,	,	PUNCT
fbem-14878	336	6	it	it	PRON
fbem-14878	336	7	also	also	ADV
fbem-14878	336	8	received	receive	VERB
fbem-14878	336	9	approval	approval	NOUN
fbem-14878	336	10	from	from	ADP
fbem-14878	336	11	the	the	DET
fbem-14878	336	12	competition	competition	NOUN
fbem-14878	336	13	bureau	bureau	NOUN
fbem-14878	336	14	of	of	ADP
fbem-14878	336	15	the	the	DET
fbem-14878	336	16	federal	federal	PROPN
fbem-14878	336	17	trade	trade	PROPN
fbem-14878	336	18	commission	commission	PROPN
fbem-14878	336	19	of	of	ADP
fbem-14878	336	20	the	the	DET
fbem-14878	336	21	united	united	PROPN
fbem-14878	336	22	states	states	PROPN
fbem-14878	336	23	,	,	PUNCT
fbem-14878	336	24	and	and	CCONJ
fbem-14878	336	25	subsequently	subsequently	ADV
fbem-14878	336	26	the	the	DET
fbem-14878	336	27	federal	federal	ADJ
fbem-14878	336	28	economic	economic	ADJ
fbem-14878	336	29	competition	competition	NOUN
fbem-14878	336	30	commission	commission	NOUN
fbem-14878	336	31	of	of	ADP
fbem-14878	336	32	the	the	DET
fbem-14878	336	33	federal	federal	ADJ
fbem-14878	336	34	district	district	NOUN
fbem-14878	336	35	of	of	ADP
fbem-14878	336	36	mexico	mexico	PROPN
fbem-14878	336	37	approved	approve	VERB
fbem-14878	336	38	this	this	DET
fbem-14878	336	39	transaction	transaction	NOUN
fbem-14878	336	40	.	.	PUNCT
fbem-14878	337	1	at	at	ADP
fbem-14878	337	2	this	this	DET
fbem-14878	337	3	point	point	NOUN
fbem-14878	337	4	,	,	PUNCT
fbem-14878	337	5	hna	hna	PROPN
fbem-14878	337	6	has	have	AUX
fbem-14878	337	7	effectively	effectively	ADV
fbem-14878	337	8	addressed	address	VERB
fbem-14878	337	9	the	the	DET
fbem-14878	337	10	political	political	ADJ
fbem-14878	337	11	and	and	CCONJ
fbem-14878	337	12	legal	legal	ADJ
fbem-14878	337	13	risks	risk	NOUN
fbem-14878	337	14	involved	involve	VERB
fbem-14878	337	15	in	in	ADP
fbem-14878	337	16	cross	cross	ADJ
fbem-14878	337	17	-	-	ADJ
fbem-14878	337	18	border	border	ADJ
fbem-14878	337	19	mergers	merger	NOUN
fbem-14878	337	20	and	and	CCONJ
fbem-14878	337	21	acquisitions	acquisition	NOUN
fbem-14878	337	22	.	.	PUNCT
fbem-14878	338	1	(	(	PUNCT
fbem-14878	338	2	3	3	X
fbem-14878	338	3	)	)	PUNCT
fbem-14878	338	4	internal	internal	ADJ
fbem-14878	338	5	control	control	NOUN
fbem-14878	338	6	risk	risk	NOUN
fbem-14878	338	7	response	response	NOUN
fbem-14878	338	8	.	.	PUNCT
fbem-14878	339	1	as	as	ADP
fbem-14878	339	2	an	an	DET
fbem-14878	339	3	international	international	ADJ
fbem-14878	339	4	group	group	NOUN
fbem-14878	339	5	,	,	PUNCT
fbem-14878	339	6	hainan	hainan	PROPN
fbem-14878	339	7	airlines	airlines	PROPN
fbem-14878	339	8	has	have	VERB
fbem-14878	339	9	a	a	DET
fbem-14878	339	10	relatively	relatively	ADV
fbem-14878	339	11	complete	complete	ADJ
fbem-14878	339	12	internal	internal	ADJ
fbem-14878	339	13	control	control	NOUN
fbem-14878	339	14	system	system	NOUN
fbem-14878	339	15	.	.	PUNCT
fbem-14878	340	1	its	its	PRON
fbem-14878	340	2	subsidiary	subsidiary	NOUN
fbem-14878	340	3	bohai	bohai	PROPN
fbem-14878	340	4	financial	financial	ADJ
fbem-14878	340	5	control	control	NOUN
fbem-14878	340	6	has	have	AUX
fbem-14878	340	7	formulated	formulate	VERB
fbem-14878	340	8	its	its	PRON
fbem-14878	340	9	own	own	ADJ
fbem-14878	340	10	internal	internal	ADJ
fbem-14878	340	11	control	control	NOUN
fbem-14878	340	12	standards	standard	NOUN
fbem-14878	340	13	in	in	ADP
fbem-14878	340	14	accordance	accordance	NOUN
fbem-14878	340	15	with	with	ADP
fbem-14878	340	16	the	the	DET
fbem-14878	340	17	basic	basic	ADJ
fbem-14878	340	18	norms	norm	NOUN
fbem-14878	340	19	for	for	ADP
fbem-14878	340	20	enterprise	enterprise	NOUN
fbem-14878	340	21	internal	internal	ADJ
fbem-14878	340	22	control	control	NOUN
fbem-14878	340	23	and	and	CCONJ
fbem-14878	340	24	other	other	ADJ
fbem-14878	340	25	requirements	requirement	NOUN
fbem-14878	340	26	.	.	PUNCT
fbem-14878	341	1	establish	establish	VERB
fbem-14878	341	2	a	a	DET
fbem-14878	341	3	reasonable	reasonable	ADJ
fbem-14878	341	4	and	and	CCONJ
fbem-14878	341	5	standardized	standardized	ADJ
fbem-14878	341	6	internal	internal	ADJ
fbem-14878	341	7	control	control	NOUN
fbem-14878	341	8	system	system	NOUN
fbem-14878	341	9	within	within	ADP
fbem-14878	341	10	the	the	DET
fbem-14878	341	11	enterprise	enterprise	NOUN
fbem-14878	341	12	,	,	PUNCT
fbem-14878	341	13	and	and	CCONJ
fbem-14878	341	14	conduct	conduct	VERB
fbem-14878	341	15	daily	daily	ADJ
fbem-14878	341	16	and	and	CCONJ
fbem-14878	341	17	specialized	specialized	ADJ
fbem-14878	341	18	supervision	supervision	NOUN
fbem-14878	341	19	on	on	ADP
fbem-14878	341	20	internal	internal	ADJ
fbem-14878	341	21	control	control	NOUN
fbem-14878	341	22	.	.	PUNCT
fbem-14878	342	1	evaluate	evaluate	VERB
fbem-14878	342	2	the	the	DET
fbem-14878	342	3	company	company	NOUN
fbem-14878	342	4	and	and	CCONJ
fbem-14878	342	5	business	business	NOUN
fbem-14878	342	6	activities	activity	NOUN
fbem-14878	342	7	based	base	VERB
fbem-14878	342	8	on	on	ADP
fbem-14878	342	9	the	the	DET
fbem-14878	342	10	principle	principle	NOUN
fbem-14878	342	11	of	of	ADP
fbem-14878	342	12	risk	risk	NOUN
fbem-14878	342	13	orientation	orientation	NOUN
fbem-14878	342	14	.	.	PUNCT
fbem-14878	343	1	evaluate	evaluate	VERB
fbem-14878	343	2	the	the	DET
fbem-14878	343	3	effectiveness	effectiveness	NOUN
fbem-14878	343	4	of	of	ADP
fbem-14878	343	5	internal	internal	ADJ
fbem-14878	343	6	control	control	NOUN
fbem-14878	343	7	in	in	ADP
fbem-14878	343	8	the	the	DET
fbem-14878	343	9	annual	annual	ADJ
fbem-14878	343	10	internal	internal	ADJ
fbem-14878	343	11	control	control	NOUN
fbem-14878	343	12	evaluation	evaluation	NOUN
fbem-14878	343	13	report	report	NOUN
fbem-14878	343	14	,	,	PUNCT
fbem-14878	343	15	and	and	CCONJ
fbem-14878	343	16	adjust	adjust	VERB
fbem-14878	343	17	internal	internal	ADJ
fbem-14878	343	18	control	control	NOUN
fbem-14878	343	19	based	base	VERB
fbem-14878	343	20	on	on	ADP
fbem-14878	343	21	its	its	PRON
fbem-14878	343	22	own	own	ADJ
fbem-14878	343	23	business	business	NOUN
fbem-14878	343	24	scale	scale	NOUN
fbem-14878	343	25	,	,	PUNCT
fbem-14878	343	26	market	market	NOUN
fbem-14878	343	27	competition	competition	NOUN
fbem-14878	343	28	,	,	PUNCT
fbem-14878	343	29	and	and	CCONJ
fbem-14878	343	30	risk	risk	NOUN
fbem-14878	343	31	level	level	NOUN
fbem-14878	343	32	.	.	PUNCT
fbem-14878	344	1	good	good	ADJ
fbem-14878	344	2	internal	internal	ADJ
fbem-14878	344	3	control	control	NOUN
fbem-14878	344	4	has	have	AUX
fbem-14878	344	5	played	play	VERB
fbem-14878	344	6	a	a	DET
fbem-14878	344	7	good	good	ADJ
fbem-14878	344	8	role	role	NOUN
fbem-14878	344	9	in	in	ADP
fbem-14878	344	10	promoting	promote	VERB
fbem-14878	344	11	bohai	bohai	ADJ
fbem-14878	344	12	financial	financial	ADJ
fbem-14878	344	13	holding	holding	NOUN
fbem-14878	344	14	's	's	PART
fbem-14878	344	15	cross	cross	NOUN
fbem-14878	344	16	195	195	NUM
fbem-14878	344	17	border	border	NOUN
fbem-14878	344	18	mergers	merger	NOUN
fbem-14878	344	19	and	and	CCONJ
fbem-14878	344	20	acquisitions	acquisition	NOUN
fbem-14878	344	21	.	.	PUNCT
fbem-14878	345	1	(	(	PUNCT
fbem-14878	345	2	4	4	X
fbem-14878	345	3	)	)	PUNCT
fbem-14878	345	4	human	human	ADJ
fbem-14878	345	5	resource	resource	NOUN
fbem-14878	345	6	integration	integration	NOUN
fbem-14878	345	7	risk	risk	NOUN
fbem-14878	345	8	response	response	NOUN
fbem-14878	345	9	.	.	PUNCT
fbem-14878	346	1	human	human	ADJ
fbem-14878	346	2	resources	resource	NOUN
fbem-14878	346	3	are	be	AUX
fbem-14878	346	4	a	a	DET
fbem-14878	346	5	very	very	ADV
fbem-14878	346	6	important	important	ADJ
fbem-14878	346	7	part	part	NOUN
fbem-14878	346	8	of	of	ADP
fbem-14878	346	9	the	the	DET
fbem-14878	346	10	business	business	NOUN
fbem-14878	346	11	operation	operation	NOUN
fbem-14878	346	12	process	process	NOUN
fbem-14878	346	13	,	,	PUNCT
fbem-14878	346	14	and	and	CCONJ
fbem-14878	346	15	hna	hna	PROPN
fbem-14878	346	16	group	group	NOUN
fbem-14878	346	17	should	should	AUX
fbem-14878	346	18	focus	focus	VERB
fbem-14878	346	19	on	on	ADP
fbem-14878	346	20	addressing	address	VERB
fbem-14878	346	21	the	the	DET
fbem-14878	346	22	integration	integration	NOUN
fbem-14878	346	23	risks	risk	NOUN
fbem-14878	346	24	of	of	ADP
fbem-14878	346	25	human	human	ADJ
fbem-14878	346	26	resources	resource	NOUN
fbem-14878	346	27	when	when	SCONJ
fbem-14878	346	28	conducting	conduct	VERB
fbem-14878	346	29	largescale	largescale	NOUN
fbem-14878	346	30	continuous	continuous	ADJ
fbem-14878	346	31	mergers	merger	NOUN
fbem-14878	346	32	and	and	CCONJ
fbem-14878	346	33	acquisitions	acquisition	NOUN
fbem-14878	346	34	.	.	PUNCT
fbem-14878	347	1	to	to	PART
fbem-14878	347	2	address	address	VERB
fbem-14878	347	3	the	the	DET
fbem-14878	347	4	risks	risk	NOUN
fbem-14878	347	5	of	of	ADP
fbem-14878	347	6	human	human	ADJ
fbem-14878	347	7	resource	resource	NOUN
fbem-14878	347	8	integration	integration	NOUN
fbem-14878	347	9	,	,	PUNCT
fbem-14878	347	10	the	the	DET
fbem-14878	347	11	first	first	ADJ
fbem-14878	347	12	step	step	NOUN
fbem-14878	347	13	is	be	AUX
fbem-14878	347	14	to	to	PART
fbem-14878	347	15	actively	actively	ADV
fbem-14878	347	16	explore	explore	VERB
fbem-14878	347	17	and	and	CCONJ
fbem-14878	347	18	cultivate	cultivate	VERB
fbem-14878	347	19	senior	senior	ADJ
fbem-14878	347	20	management	management	NOUN
fbem-14878	347	21	personnel	personnel	NOUN
fbem-14878	347	22	within	within	ADP
fbem-14878	347	23	the	the	DET
fbem-14878	347	24	enterprise	enterprise	NOUN
fbem-14878	347	25	,	,	PUNCT
fbem-14878	347	26	or	or	CCONJ
fbem-14878	347	27	obtain	obtain	VERB
fbem-14878	347	28	senior	senior	ADJ
fbem-14878	347	29	management	management	NOUN
fbem-14878	347	30	talents	talent	NOUN
fbem-14878	347	31	from	from	ADP
fbem-14878	347	32	external	external	ADJ
fbem-14878	347	33	sources	source	NOUN
fbem-14878	347	34	through	through	ADP
fbem-14878	347	35	recruitment	recruitment	NOUN
fbem-14878	347	36	,	,	PUNCT
fbem-14878	347	37	headhunting	headhunte	VERB
fbem-14878	347	38	companies	company	NOUN
fbem-14878	347	39	,	,	PUNCT
fbem-14878	347	40	etc	etc	X
fbem-14878	347	41	.	.	X
fbem-14878	347	42	however	however	ADV
fbem-14878	347	43	,	,	PUNCT
fbem-14878	347	44	the	the	DET
fbem-14878	347	45	core	core	NOUN
fbem-14878	347	46	talents	talent	NOUN
fbem-14878	347	47	obtained	obtain	VERB
fbem-14878	347	48	within	within	ADP
fbem-14878	347	49	the	the	DET
fbem-14878	347	50	company	company	NOUN
fbem-14878	347	51	or	or	CCONJ
fbem-14878	347	52	through	through	ADP
fbem-14878	347	53	recruitment	recruitment	NOUN
fbem-14878	347	54	are	be	AUX
fbem-14878	347	55	limited	limit	VERB
fbem-14878	347	56	,	,	PUNCT
fbem-14878	347	57	and	and	CCONJ
fbem-14878	347	58	hainan	hainan	PROPN
fbem-14878	347	59	airlines	airlines	PROPN
fbem-14878	347	60	group	group	NOUN
fbem-14878	347	61	should	should	AUX
fbem-14878	347	62	pay	pay	VERB
fbem-14878	347	63	attention	attention	NOUN
fbem-14878	347	64	to	to	ADP
fbem-14878	347	65	the	the	DET
fbem-14878	347	66	flow	flow	NOUN
fbem-14878	347	67	of	of	ADP
fbem-14878	347	68	core	core	ADJ
fbem-14878	347	69	talents	talent	NOUN
fbem-14878	347	70	of	of	ADP
fbem-14878	347	71	the	the	DET
fbem-14878	347	72	acquired	acquire	VERB
fbem-14878	347	73	party	party	NOUN
fbem-14878	347	74	.	.	PUNCT
fbem-14878	348	1	after	after	ADP
fbem-14878	348	2	the	the	DET
fbem-14878	348	3	completion	completion	NOUN
fbem-14878	348	4	of	of	ADP
fbem-14878	348	5	the	the	DET
fbem-14878	348	6	merger	merger	NOUN
fbem-14878	348	7	and	and	CCONJ
fbem-14878	348	8	acquisition	acquisition	NOUN
fbem-14878	348	9	transaction	transaction	NOUN
fbem-14878	348	10	,	,	PUNCT
fbem-14878	348	11	efforts	effort	NOUN
fbem-14878	348	12	should	should	AUX
fbem-14878	348	13	be	be	AUX
fbem-14878	348	14	made	make	VERB
fbem-14878	348	15	to	to	PART
fbem-14878	348	16	retain	retain	VERB
fbem-14878	348	17	senior	senior	ADJ
fbem-14878	348	18	management	management	NOUN
fbem-14878	348	19	personnel	personnel	NOUN
fbem-14878	348	20	of	of	ADP
fbem-14878	348	21	the	the	DET
fbem-14878	348	22	acquired	acquire	VERB
fbem-14878	348	23	party	party	NOUN
fbem-14878	348	24	through	through	ADP
fbem-14878	348	25	communication	communication	NOUN
fbem-14878	348	26	and	and	CCONJ
fbem-14878	348	27	reward	reward	NOUN
fbem-14878	348	28	policies	policy	NOUN
fbem-14878	348	29	,	,	PUNCT
fbem-14878	348	30	improve	improve	VERB
fbem-14878	348	31	the	the	DET
fbem-14878	348	32	understanding	understanding	NOUN
fbem-14878	348	33	and	and	CCONJ
fbem-14878	348	34	favorability	favorability	NOUN
fbem-14878	348	35	of	of	ADP
fbem-14878	348	36	employees	employee	NOUN
fbem-14878	348	37	on	on	ADP
fbem-14878	348	38	both	both	DET
fbem-14878	348	39	sides	side	NOUN
fbem-14878	348	40	of	of	ADP
fbem-14878	348	41	the	the	DET
fbem-14878	348	42	merger	merger	NOUN
fbem-14878	348	43	and	and	CCONJ
fbem-14878	348	44	acquisition	acquisition	NOUN
fbem-14878	348	45	,	,	PUNCT
fbem-14878	348	46	enhance	enhance	VERB
fbem-14878	348	47	corporate	corporate	ADJ
fbem-14878	348	48	cohesion	cohesion	NOUN
fbem-14878	348	49	through	through	ADP
fbem-14878	348	50	training	training	NOUN
fbem-14878	348	51	and	and	CCONJ
fbem-14878	348	52	activities	activity	NOUN
fbem-14878	348	53	,	,	PUNCT
fbem-14878	348	54	reduce	reduce	VERB
fbem-14878	348	55	employee	employee	NOUN
fbem-14878	348	56	pressure	pressure	NOUN
fbem-14878	348	57	to	to	PART
fbem-14878	348	58	stabilize	stabilize	VERB
fbem-14878	348	59	employee	employee	NOUN
fbem-14878	348	60	work	work	NOUN
fbem-14878	348	61	efficiency	efficiency	NOUN
fbem-14878	348	62	,	,	PUNCT
fbem-14878	348	63	and	and	CCONJ
fbem-14878	348	64	improve	improve	VERB
fbem-14878	348	65	company	company	NOUN
fbem-14878	348	66	operational	operational	ADJ
fbem-14878	348	67	efficiency	efficiency	NOUN
fbem-14878	348	68	.	.	PUNCT
fbem-14878	349	1	after	after	SCONJ
fbem-14878	349	2	hainan	hainan	PROPN
fbem-14878	349	3	airlines	airlines	PROPN
fbem-14878	349	4	acquired	acquire	VERB
fbem-14878	349	5	avolon	avolon	PROPN
fbem-14878	349	6	,	,	PUNCT
fbem-14878	349	7	it	it	PRON
fbem-14878	349	8	gave	give	VERB
fbem-14878	349	9	the	the	DET
fbem-14878	349	10	other	other	ADJ
fbem-14878	349	11	party	party	NOUN
fbem-14878	349	12	sufficient	sufficient	ADJ
fbem-14878	349	13	management	management	NOUN
fbem-14878	349	14	authority	authority	NOUN
fbem-14878	349	15	,	,	PUNCT
fbem-14878	349	16	but	but	CCONJ
fbem-14878	349	17	did	do	AUX
fbem-14878	349	18	not	not	PART
fbem-14878	349	19	put	put	VERB
fbem-14878	349	20	pressure	pressure	NOUN
fbem-14878	349	21	on	on	ADP
fbem-14878	349	22	the	the	DET
fbem-14878	349	23	other	other	ADJ
fbem-14878	349	24	party	party	NOUN
fbem-14878	349	25	,	,	PUNCT
fbem-14878	349	26	making	make	VERB
fbem-14878	349	27	the	the	DET
fbem-14878	349	28	core	core	NOUN
fbem-14878	349	29	talents	talent	NOUN
fbem-14878	349	30	willing	willing	ADJ
fbem-14878	349	31	to	to	PART
fbem-14878	349	32	continue	continue	VERB
fbem-14878	349	33	to	to	PART
fbem-14878	349	34	stay	stay	VERB
fbem-14878	349	35	.	.	PUNCT
fbem-14878	350	1	through	through	ADP
fbem-14878	350	2	decentralization	decentralization	NOUN
fbem-14878	350	3	management	management	NOUN
fbem-14878	350	4	,	,	PUNCT
fbem-14878	350	5	avolon	avolon	PROPN
fbem-14878	350	6	,	,	PUNCT
fbem-14878	350	7	which	which	PRON
fbem-14878	350	8	joined	join	VERB
fbem-14878	350	9	hainan	hainan	PROPN
fbem-14878	350	10	airlines	airlines	PROPN
fbem-14878	350	11	group	group	PROPN
fbem-14878	350	12	,	,	PUNCT
fbem-14878	350	13	expanded	expand	VERB
fbem-14878	350	14	its	its	PRON
fbem-14878	350	15	business	business	NOUN
fbem-14878	350	16	scope	scope	NOUN
fbem-14878	350	17	from	from	ADP
fbem-14878	350	18	europe	europe	PROPN
fbem-14878	350	19	to	to	ADP
fbem-14878	350	20	the	the	DET
fbem-14878	350	21	asia	asia	PROPN
fbem-14878	350	22	pacific	pacific	PROPN
fbem-14878	350	23	market	market	NOUN
fbem-14878	350	24	in	in	ADP
fbem-14878	350	25	just	just	ADV
fbem-14878	350	26	six	six	NUM
fbem-14878	350	27	months	month	NOUN
fbem-14878	350	28	.	.	PUNCT
fbem-14878	351	1	subsequently	subsequently	ADV
fbem-14878	351	2	,	,	PUNCT
fbem-14878	351	3	hainan	hainan	PROPN
fbem-14878	351	4	airlines	airlines	PROPN
fbem-14878	351	5	incorporated	incorporate	VERB
fbem-14878	351	6	the	the	DET
fbem-14878	351	7	aircraft	aircraft	NOUN
fbem-14878	351	8	leasing	lease	VERB
fbem-14878	351	9	under	under	ADP
fbem-14878	351	10	the	the	DET
fbem-14878	351	11	acquired	acquire	VERB
fbem-14878	351	12	cit	cit	PROPN
fbem-14878	351	13	into	into	ADP
fbem-14878	351	14	avolon	avolon	PROPN
fbem-14878	351	15	,	,	PUNCT
fbem-14878	351	16	successfully	successfully	ADV
fbem-14878	351	17	promoting	promote	VERB
fbem-14878	351	18	it	it	PRON
fbem-14878	351	19	to	to	ADP
fbem-14878	351	20	the	the	DET
fbem-14878	351	21	world	world	NOUN
fbem-14878	351	22	's	's	PART
fbem-14878	351	23	third	third	ADV
fbem-14878	351	24	-	-	PUNCT
fbem-14878	351	25	largest	large	ADJ
fbem-14878	351	26	aircraft	aircraft	NOUN
fbem-14878	351	27	leasing	lease	VERB
fbem-14878	351	28	company	company	NOUN
fbem-14878	351	29	.	.	PUNCT
fbem-14878	352	1	hainan	hainan	PROPN
fbem-14878	352	2	airlines	airlines	PROPN
fbem-14878	352	3	and	and	CCONJ
fbem-14878	352	4	avolon	avolon	PROPN
fbem-14878	352	5	achieved	achieve	VERB
fbem-14878	352	6	a	a	DET
fbem-14878	352	7	win	win	NOUN
fbem-14878	352	8	-	-	PUNCT
fbem-14878	352	9	win	win	NOUN
fbem-14878	352	10	situation	situation	NOUN
fbem-14878	352	11	.	.	PUNCT
fbem-14878	353	1	5	5	X
fbem-14878	353	2	.	.	X
fbem-14878	353	3	conclusion	conclusion	NOUN
fbem-14878	353	4	in	in	ADP
fbem-14878	353	5	recent	recent	ADJ
fbem-14878	353	6	years	year	NOUN
fbem-14878	353	7	,	,	PUNCT
fbem-14878	353	8	under	under	ADP
fbem-14878	353	9	the	the	DET
fbem-14878	353	10	guidance	guidance	NOUN
fbem-14878	353	11	of	of	ADP
fbem-14878	353	12	the	the	DET
fbem-14878	353	13	national	national	ADJ
fbem-14878	353	14	"	"	PUNCT
fbem-14878	353	15	the	the	DET
fbem-14878	353	16	belt	belt	NOUN
fbem-14878	353	17	and	and	CCONJ
fbem-14878	353	18	road	road	NOUN
fbem-14878	353	19	"	"	PUNCT
fbem-14878	353	20	policy	policy	NOUN
fbem-14878	353	21	,	,	PUNCT
fbem-14878	353	22	china	china	PROPN
fbem-14878	353	23	's	's	PART
fbem-14878	353	24	cross	cross	ADJ
fbem-14878	353	25	-	-	ADJ
fbem-14878	353	26	border	border	ADJ
fbem-14878	353	27	mergers	merger	NOUN
fbem-14878	353	28	and	and	CCONJ
fbem-14878	353	29	acquisitions	acquisition	NOUN
fbem-14878	353	30	have	have	AUX
fbem-14878	353	31	seen	see	VERB
fbem-14878	353	32	an	an	DET
fbem-14878	353	33	increase	increase	NOUN
fbem-14878	353	34	in	in	ADP
fbem-14878	353	35	transactions	transaction	NOUN
fbem-14878	353	36	in	in	ADP
fbem-14878	353	37	cities	city	NOUN
fbem-14878	353	38	along	along	ADP
fbem-14878	353	39	the	the	DET
fbem-14878	353	40	line	line	NOUN
fbem-14878	353	41	.	.	PUNCT
fbem-14878	354	1	private	private	ADJ
fbem-14878	354	2	enterprises	enterprise	NOUN
fbem-14878	354	3	seize	seize	VERB
fbem-14878	354	4	the	the	DET
fbem-14878	354	5	opportunity	opportunity	NOUN
fbem-14878	354	6	to	to	PART
fbem-14878	354	7	vigorously	vigorously	ADV
fbem-14878	354	8	expand	expand	VERB
fbem-14878	354	9	the	the	DET
fbem-14878	354	10	international	international	ADJ
fbem-14878	354	11	market	market	NOUN
fbem-14878	354	12	.	.	PUNCT
fbem-14878	355	1	especially	especially	ADV
fbem-14878	355	2	hainan	hainan	PROPN
fbem-14878	355	3	airlines	airlines	PROPN
fbem-14878	355	4	,	,	PUNCT
fbem-14878	355	5	through	through	ADP
fbem-14878	355	6	a	a	DET
fbem-14878	355	7	series	series	NOUN
fbem-14878	355	8	of	of	ADP
fbem-14878	355	9	mergers	merger	NOUN
fbem-14878	355	10	and	and	CCONJ
fbem-14878	355	11	acquisitions	acquisition	NOUN
fbem-14878	355	12	,	,	PUNCT
fbem-14878	355	13	has	have	AUX
fbem-14878	355	14	become	become	VERB
fbem-14878	355	15	an	an	DET
fbem-14878	355	16	international	international	ADJ
fbem-14878	355	17	group	group	NOUN
fbem-14878	355	18	.	.	PUNCT
fbem-14878	356	1	with	with	ADP
fbem-14878	356	2	the	the	DET
fbem-14878	356	3	active	active	ADJ
fbem-14878	356	4	activities	activity	NOUN
fbem-14878	356	5	of	of	ADP
fbem-14878	356	6	cross	cross	ADJ
fbem-14878	356	7	-	-	ADJ
fbem-14878	356	8	border	border	ADJ
fbem-14878	356	9	mergers	merger	NOUN
fbem-14878	356	10	and	and	CCONJ
fbem-14878	356	11	acquisitions	acquisition	NOUN
fbem-14878	356	12	,	,	PUNCT
fbem-14878	356	13	the	the	DET
fbem-14878	356	14	risks	risk	NOUN
fbem-14878	356	15	of	of	ADP
fbem-14878	356	16	crossborder	crossborder	NOUN
fbem-14878	356	17	mergers	merger	NOUN
fbem-14878	356	18	and	and	CCONJ
fbem-14878	356	19	acquisitions	acquisition	NOUN
fbem-14878	356	20	have	have	AUX
fbem-14878	356	21	become	become	VERB
fbem-14878	356	22	more	more	ADV
fbem-14878	356	23	detailed	detailed	ADJ
fbem-14878	356	24	,	,	PUNCT
fbem-14878	356	25	especially	especially	ADV
fbem-14878	356	26	in	in	ADP
fbem-14878	356	27	the	the	DET
fbem-14878	356	28	era	era	NOUN
fbem-14878	356	29	of	of	ADP
fbem-14878	356	30	rapid	rapid	ADJ
fbem-14878	356	31	economic	economic	ADJ
fbem-14878	356	32	development	development	NOUN
fbem-14878	356	33	.	.	PUNCT
fbem-14878	357	1	chinese	chinese	ADJ
fbem-14878	357	2	enterprises	enterprise	NOUN
fbem-14878	357	3	should	should	AUX
fbem-14878	357	4	actively	actively	ADV
fbem-14878	357	5	implement	implement	VERB
fbem-14878	357	6	cross	cross	ADJ
fbem-14878	357	7	-	-	ADJ
fbem-14878	357	8	border	border	ADJ
fbem-14878	357	9	mergers	merger	NOUN
fbem-14878	357	10	and	and	CCONJ
fbem-14878	357	11	acquisitions	acquisition	NOUN
fbem-14878	357	12	while	while	SCONJ
fbem-14878	357	13	paying	pay	VERB
fbem-14878	357	14	attention	attention	NOUN
fbem-14878	357	15	to	to	ADP
fbem-14878	357	16	the	the	DET
fbem-14878	357	17	potential	potential	ADJ
fbem-14878	357	18	risks	risk	NOUN
fbem-14878	357	19	that	that	PRON
fbem-14878	357	20	may	may	AUX
fbem-14878	357	21	arise	arise	VERB
fbem-14878	357	22	during	during	ADP
fbem-14878	357	23	the	the	DET
fbem-14878	357	24	process	process	NOUN
fbem-14878	357	25	.	.	PUNCT
fbem-14878	358	1	risk	risk	NOUN
fbem-14878	358	2	management	management	NOUN
fbem-14878	358	3	should	should	AUX
fbem-14878	358	4	be	be	AUX
fbem-14878	358	5	placed	place	VERB
fbem-14878	358	6	as	as	ADP
fbem-14878	358	7	the	the	DET
fbem-14878	358	8	main	main	ADJ
fbem-14878	358	9	focus	focus	NOUN
fbem-14878	358	10	of	of	ADP
fbem-14878	358	11	cross	cross	ADJ
fbem-14878	358	12	-	-	ADJ
fbem-14878	358	13	border	border	ADJ
fbem-14878	358	14	mergers	merger	NOUN
fbem-14878	358	15	and	and	CCONJ
fbem-14878	358	16	acquisitions	acquisition	NOUN
fbem-14878	358	17	,	,	PUNCT
fbem-14878	358	18	learning	learn	VERB
fbem-14878	358	19	from	from	ADP
fbem-14878	358	20	the	the	DET
fbem-14878	358	21	experience	experience	NOUN
fbem-14878	358	22	of	of	ADP
fbem-14878	358	23	successful	successful	ADJ
fbem-14878	358	24	mergers	merger	NOUN
fbem-14878	358	25	and	and	CCONJ
fbem-14878	358	26	acquisitions	acquisition	NOUN
fbem-14878	358	27	,	,	PUNCT
fbem-14878	358	28	and	and	CCONJ
fbem-14878	358	29	summarizing	summarize	VERB
fbem-14878	358	30	the	the	DET
fbem-14878	358	31	lessons	lesson	NOUN
fbem-14878	358	32	of	of	ADP
fbem-14878	358	33	failed	fail	VERB
fbem-14878	358	34	mergers	merger	NOUN
fbem-14878	358	35	and	and	CCONJ
fbem-14878	358	36	acquisitions	acquisition	NOUN
fbem-14878	358	37	,	,	PUNCT
fbem-14878	358	38	enhance	enhance	VERB
fbem-14878	358	39	the	the	DET
fbem-14878	358	40	ability	ability	NOUN
fbem-14878	358	41	of	of	ADP
fbem-14878	358	42	enterprises	enterprise	NOUN
fbem-14878	358	43	to	to	PART
fbem-14878	358	44	prevent	prevent	VERB
fbem-14878	358	45	cross	cross	ADJ
fbem-14878	358	46	-	-	ADJ
fbem-14878	358	47	border	border	ADJ
fbem-14878	358	48	m&a	m&a	PROPN
fbem-14878	358	49	risks	risk	NOUN
fbem-14878	358	50	in	in	ADP
fbem-14878	358	51	practice	practice	NOUN
fbem-14878	358	52	.	.	PUNCT
fbem-14878	359	1	i	i	PRON
fbem-14878	359	2	hope	hope	VERB
fbem-14878	359	3	this	this	DET
fbem-14878	359	4	article	article	NOUN
fbem-14878	359	5	can	can	AUX
fbem-14878	359	6	provide	provide	VERB
fbem-14878	359	7	reference	reference	NOUN
fbem-14878	359	8	and	and	CCONJ
fbem-14878	359	9	guidance	guidance	NOUN
fbem-14878	359	10	for	for	ADP
fbem-14878	359	11	chinese	chinese	ADJ
fbem-14878	359	12	enterprises	enterprise	NOUN
fbem-14878	359	13	,	,	PUNCT
fbem-14878	359	14	especially	especially	ADV
fbem-14878	359	15	aviation	aviation	NOUN
fbem-14878	359	16	enterprises	enterprise	NOUN
fbem-14878	359	17	,	,	PUNCT
fbem-14878	359	18	to	to	PART
fbem-14878	359	19	cope	cope	VERB
fbem-14878	359	20	with	with	ADP
fbem-14878	359	21	cross	cross	ADJ
fbem-14878	359	22	-	-	ADJ
fbem-14878	359	23	border	border	ADJ
fbem-14878	359	24	m&a	m&a	PROPN
fbem-14878	359	25	risks	risk	NOUN
fbem-14878	359	26	,	,	PUNCT
fbem-14878	359	27	so	so	SCONJ
fbem-14878	359	28	that	that	SCONJ
fbem-14878	359	29	chinese	chinese	ADJ
fbem-14878	359	30	enterprises	enterprise	NOUN
fbem-14878	359	31	can	can	AUX
fbem-14878	359	32	more	more	ADV
fbem-14878	359	33	smoothly	smoothly	ADV
fbem-14878	359	34	prevent	prevent	VERB
fbem-14878	359	35	risks	risk	NOUN
fbem-14878	359	36	in	in	ADP
fbem-14878	359	37	future	future	ADJ
fbem-14878	359	38	cross	cross	ADJ
fbem-14878	359	39	-	-	ADJ
fbem-14878	359	40	border	border	ADJ
fbem-14878	359	41	m&a	m&a	PROPN
fbem-14878	359	42	.	.	PUNCT
fbem-14878	360	1	this	this	DET
fbem-14878	360	2	article	article	NOUN
fbem-14878	360	3	studies	study	VERB
fbem-14878	360	4	the	the	DET
fbem-14878	360	5	current	current	ADJ
fbem-14878	360	6	development	development	NOUN
fbem-14878	360	7	status	status	NOUN
fbem-14878	360	8	and	and	CCONJ
fbem-14878	360	9	characteristics	characteristic	NOUN
fbem-14878	360	10	of	of	ADP
fbem-14878	360	11	cross	cross	ADJ
fbem-14878	360	12	-	-	ADJ
fbem-14878	360	13	border	border	ADJ
fbem-14878	360	14	mergers	merger	NOUN
fbem-14878	360	15	and	and	CCONJ
fbem-14878	360	16	acquisitions	acquisition	NOUN
fbem-14878	360	17	by	by	ADP
fbem-14878	360	18	chinese	chinese	ADJ
fbem-14878	360	19	enterprises	enterprise	NOUN
fbem-14878	360	20	,	,	PUNCT
fbem-14878	360	21	analyzes	analyze	VERB
fbem-14878	360	22	the	the	DET
fbem-14878	360	23	risks	risk	NOUN
fbem-14878	360	24	and	and	CCONJ
fbem-14878	360	25	problems	problem	NOUN
fbem-14878	360	26	that	that	PRON
fbem-14878	360	27	may	may	AUX
fbem-14878	360	28	arise	arise	VERB
fbem-14878	360	29	in	in	ADP
fbem-14878	360	30	the	the	DET
fbem-14878	360	31	process	process	NOUN
fbem-14878	360	32	of	of	ADP
fbem-14878	360	33	cross	cross	ADJ
fbem-14878	360	34	-	-	ADJ
fbem-14878	360	35	border	border	ADJ
fbem-14878	360	36	mergers	merger	NOUN
fbem-14878	360	37	and	and	CCONJ
fbem-14878	360	38	acquisitions	acquisition	NOUN
fbem-14878	360	39	.	.	PUNCT
fbem-14878	361	1	through	through	ADP
fbem-14878	361	2	research	research	NOUN
fbem-14878	361	3	on	on	ADP
fbem-14878	361	4	the	the	DET
fbem-14878	361	5	cross	cross	ADJ
fbem-14878	361	6	-	-	ADJ
fbem-14878	361	7	border	border	ADJ
fbem-14878	361	8	m&a	m&a	PROPN
fbem-14878	361	9	industry	industry	NOUN
fbem-14878	361	10	in	in	ADP
fbem-14878	361	11	china	china	PROPN
fbem-14878	361	12	in	in	ADP
fbem-14878	361	13	recent	recent	ADJ
fbem-14878	361	14	years	year	NOUN
fbem-14878	361	15	,	,	PUNCT
fbem-14878	361	16	combined	combine	VERB
fbem-14878	361	17	with	with	ADP
fbem-14878	361	18	multiple	multiple	ADJ
fbem-14878	361	19	overseas	overseas	ADJ
fbem-14878	361	20	m&a	m&a	PROPN
fbem-14878	361	21	cases	case	NOUN
fbem-14878	361	22	of	of	ADP
fbem-14878	361	23	hainan	hainan	PROPN
fbem-14878	361	24	airlines	airline	NOUN
fbem-14878	361	25	in	in	ADP
fbem-14878	361	26	recent	recent	ADJ
fbem-14878	361	27	years	year	NOUN
fbem-14878	361	28	,	,	PUNCT
fbem-14878	361	29	and	and	CCONJ
fbem-14878	361	30	conducts	conduct	VERB
fbem-14878	361	31	specific	specific	ADJ
fbem-14878	361	32	analysis	analysis	NOUN
fbem-14878	361	33	on	on	ADP
fbem-14878	361	34	its	its	PRON
fbem-14878	361	35	acquisition	acquisition	NOUN
fbem-14878	361	36	of	of	ADP
fbem-14878	361	37	avolon	avolon	PROPN
fbem-14878	361	38	company	company	PROPN
fbem-14878	361	39	,	,	PUNCT
fbem-14878	361	40	it	it	PRON
fbem-14878	361	41	proposes	propose	VERB
fbem-14878	361	42	the	the	DET
fbem-14878	361	43	risks	risk	NOUN
fbem-14878	361	44	that	that	SCONJ
fbem-14878	361	45	enterprises	enterprise	NOUN
fbem-14878	361	46	should	should	AUX
fbem-14878	361	47	pay	pay	VERB
fbem-14878	361	48	attention	attention	NOUN
fbem-14878	361	49	to	to	ADP
fbem-14878	361	50	in	in	ADP
fbem-14878	361	51	cross	cross	ADJ
fbem-14878	361	52	-	-	ADJ
fbem-14878	361	53	border	border	ADJ
fbem-14878	361	54	m&a	m&a	PROPN
fbem-14878	361	55	and	and	CCONJ
fbem-14878	361	56	countermeasures	countermeasure	NOUN
fbem-14878	361	57	,	,	PUNCT
fbem-14878	361	58	summarizes	summarize	VERB
fbem-14878	361	59	the	the	DET
fbem-14878	361	60	successful	successful	ADJ
fbem-14878	361	61	experience	experience	NOUN
fbem-14878	361	62	of	of	ADP
fbem-14878	361	63	hainan	hainan	PROPN
fbem-14878	361	64	airlines	airlines	PROPN
fbem-14878	361	65	in	in	ADP
fbem-14878	361	66	cross	cross	ADJ
fbem-14878	361	67	-	-	ADJ
fbem-14878	361	68	border	border	ADJ
fbem-14878	361	69	m&a	m&a	PROPN
fbem-14878	361	70	,	,	PUNCT
fbem-14878	361	71	and	and	CCONJ
fbem-14878	361	72	provides	provide	VERB
fbem-14878	361	73	experience	experience	NOUN
fbem-14878	361	74	reference	reference	NOUN
fbem-14878	361	75	for	for	ADP
fbem-14878	361	76	private	private	ADJ
fbem-14878	361	77	enterprises	enterprise	NOUN
fbem-14878	361	78	to	to	PART
fbem-14878	361	79	"	"	PUNCT
fbem-14878	361	80	go	go	VERB
fbem-14878	361	81	global	global	ADJ
fbem-14878	361	82	"	"	PUNCT
fbem-14878	361	83	.	.	PUNCT
fbem-14878	362	1	references	reference	NOUN
fbem-14878	362	2	[	[	X
fbem-14878	362	3	1	1	X
fbem-14878	362	4	]	]	PUNCT
fbem-14878	362	5	chang	chang	PROPN
fbem-14878	362	6	haixia	haixia	PROPN
fbem-14878	362	7	.	.	PUNCT
fbem-14878	363	1	exploration	exploration	NOUN
fbem-14878	363	2	of	of	ADP
fbem-14878	363	3	cross	cross	NOUN
fbem-14878	363	4	border	border	NOUN
fbem-14878	363	5	m&a	m&a	PROPN
fbem-14878	363	6	strategies	strategy	NOUN
fbem-14878	363	7	[	[	X
fbem-14878	363	8	j	j	X
fbem-14878	363	9	]	]	X
fbem-14878	363	10	.	.	PUNCT
fbem-14878	364	1	journal	journal	PROPN
fbem-14878	364	2	of	of	ADP
fbem-14878	364	3	hebei	hebei	PROPN
fbem-14878	364	4	north	north	PROPN
fbem-14878	364	5	university	university	PROPN
fbem-14878	364	6	,	,	PUNCT
fbem-14878	364	7	2014	2014	NUM
fbem-14878	364	8	(	(	PUNCT
fbem-14878	364	9	8)	8)	NUM
fbem-14878	364	10	:	:	PUNCT
fbem-14878	364	11	75	75	NUM
fbem-14878	364	12	-	-	SYM
fbem-14878	364	13	78	78	NUM
fbem-14878	364	14	.	.	PUNCT
fbem-14878	365	1	[	[	X
fbem-14878	365	2	2	2	NUM
fbem-14878	365	3	]	]	X
fbem-14878	365	4	dong	dong	PROPN
fbem-14878	365	5	zhe	zhe	PROPN
fbem-14878	365	6	.	.	PUNCT
fbem-14878	366	1	risk	risk	NOUN
fbem-14878	366	2	analysis	analysis	NOUN
fbem-14878	366	3	of	of	ADP
fbem-14878	366	4	enterprise	enterprise	NOUN
fbem-14878	366	5	mergers	merger	NOUN
fbem-14878	366	6	and	and	CCONJ
fbem-14878	366	7	acquisitions	acquisition	NOUN
fbem-14878	367	1	[	[	X
fbem-14878	367	2	j	j	X
fbem-14878	367	3	]	]	X
fbem-14878	367	4	.	.	PUNCT
fbem-14878	368	1	modern	modern	ADJ
fbem-14878	368	2	business	business	NOUN
fbem-14878	368	3	,	,	PUNCT
fbem-14878	368	4	2012	2012	NUM
fbem-14878	368	5	(	(	PUNCT
fbem-14878	368	6	5	5	NUM
fbem-14878	368	7	):	):	PUNCT
fbem-14878	368	8	52	52	NUM
fbem-14878	368	9	-	-	SYM
fbem-14878	368	10	54	54	NUM
fbem-14878	368	11	.	.	PUNCT
fbem-14878	369	1	[	[	X
fbem-14878	369	2	3	3	X
fbem-14878	369	3	]	]	X
fbem-14878	369	4	hua	hua	PROPN
fbem-14878	369	5	kui	kui	PROPN
fbem-14878	369	6	.	.	PUNCT
fbem-14878	370	1	financial	financial	ADJ
fbem-14878	370	2	risk	risk	NOUN
fbem-14878	370	3	control	control	NOUN
fbem-14878	370	4	in	in	ADP
fbem-14878	370	5	enterprise	enterprise	NOUN
fbem-14878	370	6	mergers	merger	NOUN
fbem-14878	370	7	and	and	CCONJ
fbem-14878	370	8	acquisitions	acquisition	NOUN
fbem-14878	370	9	based	base	VERB
fbem-14878	370	10	on	on	ADP
fbem-14878	370	11	transactions	transaction	NOUN
fbem-14878	370	12	and	and	CCONJ
fbem-14878	370	13	integration	integration	NOUN
fbem-14878	370	14	:	:	PUNCT
fbem-14878	370	15	a	a	DET
fbem-14878	370	16	case	case	NOUN
fbem-14878	370	17	study	study	NOUN
fbem-14878	370	18	of	of	ADP
fbem-14878	370	19	china	china	PROPN
fbem-14878	370	20	eastern	eastern	PROPN
fbem-14878	370	21	airlines	airline	NOUN
fbem-14878	370	22	mergers	merger	NOUN
fbem-14878	370	23	and	and	CCONJ
fbem-14878	370	24	acquisitions	acquisition	NOUN
fbem-14878	370	25	with	with	ADP
fbem-14878	370	26	shanghai	shanghai	PROPN
fbem-14878	370	27	airlines	airline	NOUN
fbem-14878	371	1	[	[	X
fbem-14878	371	2	d	d	X
fbem-14878	371	3	]	]	X
fbem-14878	371	4	.	.	PUNCT
fbem-14878	372	1	east	east	PROPN
fbem-14878	372	2	china	china	PROPN
fbem-14878	372	3	university	university	PROPN
fbem-14878	372	4	of	of	ADP
fbem-14878	372	5	science	science	NOUN
fbem-14878	372	6	and	and	CCONJ
fbem-14878	372	7	technology	technology	NOUN
fbem-14878	372	8	,	,	PUNCT
fbem-14878	372	9	2014	2014	NUM
fbem-14878	372	10	.	.	PUNCT
fbem-14878	373	1	[	[	X
fbem-14878	373	2	4	4	X
fbem-14878	373	3	]	]	X
fbem-14878	373	4	huang	huang	PROPN
fbem-14878	373	5	zhongwen	zhongwen	PROPN
fbem-14878	373	6	.	.	PUNCT
fbem-14878	374	1	review	review	NOUN
fbem-14878	374	2	of	of	ADP
fbem-14878	374	3	eight	eight	NUM
fbem-14878	374	4	major	major	ADJ
fbem-14878	374	5	mergers	merger	NOUN
fbem-14878	374	6	and	and	CCONJ
fbem-14878	374	7	acquisitions	acquisition	NOUN
fbem-14878	374	8	theory	theory	NOUN
fbem-14878	374	9	[	[	X
fbem-14878	374	10	j	j	X
fbem-14878	374	11	]	]	X
fbem-14878	374	12	.	.	PUNCT
fbem-14878	375	1	productivity	productivity	NOUN
fbem-14878	375	2	research	research	PROPN
fbem-14878	375	3	,	,	PUNCT
fbem-14878	375	4	2004	2004	NUM
fbem-14878	375	5	(	(	PUNCT
fbem-14878	375	6	5	5	NUM
fbem-14878	375	7	):	):	PUNCT
fbem-14878	375	8	187188	187188	NUM
fbem-14878	375	9	+	+	SYM
fbem-14878	375	10	191	191	NUM
fbem-14878	375	11	.	.	PUNCT
fbem-14878	376	1	[	[	X
fbem-14878	376	2	5	5	X
fbem-14878	376	3	]	]	X
fbem-14878	376	4	jia	jia	PROPN
fbem-14878	376	5	lin	lin	PROPN
fbem-14878	376	6	.	.	PUNCT
fbem-14878	377	1	research	research	NOUN
fbem-14878	377	2	on	on	ADP
fbem-14878	377	3	the	the	DET
fbem-14878	377	4	risks	risk	NOUN
fbem-14878	377	5	and	and	CCONJ
fbem-14878	377	6	control	control	NOUN
fbem-14878	377	7	of	of	ADP
fbem-14878	377	8	overseas	overseas	ADJ
fbem-14878	377	9	mergers	merger	NOUN
fbem-14878	377	10	and	and	CCONJ
fbem-14878	377	11	acquisitions	acquisition	NOUN
fbem-14878	377	12	of	of	ADP
fbem-14878	377	13	chinese	chinese	ADJ
fbem-14878	377	14	enterprises	enterprise	NOUN
fbem-14878	378	1	[	[	X
fbem-14878	378	2	d	d	X
fbem-14878	378	3	]	]	X
fbem-14878	378	4	.	.	PUNCT
fbem-14878	379	1	southwest	southwest	PROPN
fbem-14878	379	2	university	university	PROPN
fbem-14878	379	3	of	of	ADP
fbem-14878	379	4	finance	finance	NOUN
fbem-14878	379	5	and	and	CCONJ
fbem-14878	379	6	economics	economic	NOUN
fbem-14878	379	7	,	,	PUNCT
fbem-14878	379	8	2014	2014	NUM
fbem-14878	379	9	.	.	PUNCT