id	sid	tid	token	lemma	pos
fbem-22289	1	1	frontiers	frontier	NOUN
fbem-22289	1	2	in	in	ADP
fbem-22289	1	3	business	business	NOUN
fbem-22289	1	4	,	,	PUNCT
fbem-22289	1	5	economics	economic	NOUN
fbem-22289	1	6	and	and	CCONJ
fbem-22289	1	7	management	management	NOUN
fbem-22289	1	8	issn	issn	PROPN
fbem-22289	1	9	:	:	PUNCT
fbem-22289	1	10	2766	2766	NUM
fbem-22289	1	11	-	-	PUNCT
fbem-22289	1	12	824x	824x	NUM
fbem-22289	1	13	|	|	ADJ
fbem-22289	1	14	vol	vol	NOUN
fbem-22289	1	15	.	.	PROPN
fbem-22289	1	16	15	15	NUM
fbem-22289	1	17	,	,	PUNCT
fbem-22289	1	18	no	no	INTJ
fbem-22289	1	19	.	.	NOUN
fbem-22289	1	20	2	2	NUM
fbem-22289	1	21	,	,	PUNCT
fbem-22289	1	22	2024	2024	NUM
fbem-22289	1	23	249	249	NUM
fbem-22289	1	24	a	a	DET
fbem-22289	1	25	study	study	NOUN
fbem-22289	1	26	on	on	ADP
fbem-22289	1	27	the	the	DET
fbem-22289	1	28	impact	impact	NOUN
fbem-22289	1	29	of	of	ADP
fbem-22289	1	30	mixed	mixed	ADJ
fbem-22289	1	31	reform	reform	NOUN
fbem-22289	1	32	on	on	ADP
fbem-22289	1	33	the	the	DET
fbem-22289	1	34	financial	financial	ADJ
fbem-22289	1	35	performance	performance	NOUN
fbem-22289	1	36	of	of	ADP
fbem-22289	1	37	state	state	NOUN
fbem-22289	1	38	-	-	PUNCT
fbem-22289	1	39	owned	own	VERB
fbem-22289	1	40	enterprises	enterprise	NOUN
fbem-22289	1	41	-a	-a	PUNCT
fbem-22289	1	42	case	case	NOUN
fbem-22289	1	43	study	study	NOUN
fbem-22289	1	44	of	of	ADP
fbem-22289	1	45	yunnan	yunnan	PROPN
fbem-22289	1	46	baiyao	baiyao	PROPN
fbem-22289	1	47	jianyu	jianyu	PROPN
fbem-22289	1	48	lu	lu	PROPN
fbem-22289	1	49	,	,	PUNCT
fbem-22289	1	50	yiqiu	yiqiu	PROPN
fbem-22289	1	51	chen	chen	PROPN
fbem-22289	1	52	college	college	PROPN
fbem-22289	1	53	of	of	ADP
fbem-22289	1	54	economic	economic	ADJ
fbem-22289	1	55	management	management	NOUN
fbem-22289	1	56	,	,	PUNCT
fbem-22289	1	57	foshan	foshan	PROPN
fbem-22289	1	58	university	university	PROPN
fbem-22289	1	59	,	,	PUNCT
fbem-22289	1	60	foshan	foshan	PROPN
fbem-22289	1	61	,	,	PUNCT
fbem-22289	1	62	china	china	PROPN
fbem-22289	1	63	abstract	abstract	NOUN
fbem-22289	1	64	:	:	PUNCT
fbem-22289	1	65	the	the	DET
fbem-22289	1	66	concept	concept	NOUN
fbem-22289	1	67	of	of	ADP
fbem-22289	1	68	mixed	mixed	ADJ
fbem-22289	1	69	ownership	ownership	NOUN
fbem-22289	1	70	reform	reform	NOUN
fbem-22289	1	71	was	be	AUX
fbem-22289	1	72	first	first	ADV
fbem-22289	1	73	put	put	VERB
fbem-22289	1	74	forward	forward	ADV
fbem-22289	1	75	in	in	ADP
fbem-22289	1	76	the	the	DET
fbem-22289	1	77	1990s	1990	NOUN
fbem-22289	1	78	,	,	PUNCT
fbem-22289	1	79	and	and	CCONJ
fbem-22289	1	80	has	have	AUX
fbem-22289	1	81	been	be	AUX
fbem-22289	1	82	developed	develop	VERB
fbem-22289	1	83	and	and	CCONJ
fbem-22289	1	84	strengthened	strengthen	VERB
fbem-22289	1	85	year	year	NOUN
fbem-22289	1	86	by	by	ADP
fbem-22289	1	87	year	year	NOUN
fbem-22289	1	88	.	.	PUNCT
fbem-22289	2	1	its	its	PRON
fbem-22289	2	2	main	main	ADJ
fbem-22289	2	3	purpose	purpose	NOUN
fbem-22289	2	4	is	be	AUX
fbem-22289	2	5	to	to	PART
fbem-22289	2	6	stimulate	stimulate	VERB
fbem-22289	2	7	the	the	DET
fbem-22289	2	8	internal	internal	ADJ
fbem-22289	2	9	vitality	vitality	NOUN
fbem-22289	2	10	of	of	ADP
fbem-22289	2	11	enterprises	enterprise	NOUN
fbem-22289	2	12	by	by	ADP
fbem-22289	2	13	introducing	introduce	VERB
fbem-22289	2	14	the	the	DET
fbem-22289	2	15	combination	combination	NOUN
fbem-22289	2	16	of	of	ADP
fbem-22289	2	17	non	non	ADJ
fbem-22289	2	18	-	-	ADJ
fbem-22289	2	19	stateowned	stateowned	ADJ
fbem-22289	2	20	capital	capital	NOUN
fbem-22289	2	21	and	and	CCONJ
fbem-22289	2	22	state	state	NOUN
fbem-22289	2	23	-	-	PUNCT
fbem-22289	2	24	owned	own	VERB
fbem-22289	2	25	capital	capital	NOUN
fbem-22289	2	26	,	,	PUNCT
fbem-22289	2	27	and	and	CCONJ
fbem-22289	2	28	optimize	optimize	VERB
fbem-22289	2	29	the	the	DET
fbem-22289	2	30	management	management	NOUN
fbem-22289	2	31	mechanism	mechanism	NOUN
fbem-22289	2	32	through	through	ADP
fbem-22289	2	33	the	the	DET
fbem-22289	2	34	implementation	implementation	NOUN
fbem-22289	2	35	of	of	ADP
fbem-22289	2	36	mixed	mixed	ADJ
fbem-22289	2	37	ownership	ownership	NOUN
fbem-22289	2	38	reform	reform	NOUN
fbem-22289	2	39	,	,	PUNCT
fbem-22289	2	40	so	so	SCONJ
fbem-22289	2	41	as	as	SCONJ
fbem-22289	2	42	to	to	PART
fbem-22289	2	43	promote	promote	VERB
fbem-22289	2	44	economic	economic	ADJ
fbem-22289	2	45	development	development	NOUN
fbem-22289	2	46	and	and	CCONJ
fbem-22289	2	47	enhance	enhance	VERB
fbem-22289	2	48	the	the	DET
fbem-22289	2	49	competitiveness	competitiveness	NOUN
fbem-22289	2	50	of	of	ADP
fbem-22289	2	51	enterprises	enterprise	NOUN
fbem-22289	2	52	.	.	PUNCT
fbem-22289	3	1	this	this	DET
fbem-22289	3	2	reform	reform	NOUN
fbem-22289	3	3	process	process	NOUN
fbem-22289	3	4	not	not	PART
fbem-22289	3	5	only	only	ADV
fbem-22289	3	6	contributes	contribute	VERB
fbem-22289	3	7	to	to	ADP
fbem-22289	3	8	innovation	innovation	NOUN
fbem-22289	3	9	and	and	CCONJ
fbem-22289	3	10	efficiency	efficiency	NOUN
fbem-22289	3	11	within	within	ADP
fbem-22289	3	12	the	the	DET
fbem-22289	3	13	company	company	NOUN
fbem-22289	3	14	,	,	PUNCT
fbem-22289	3	15	but	but	CCONJ
fbem-22289	3	16	also	also	ADV
fbem-22289	3	17	lays	lay	VERB
fbem-22289	3	18	a	a	DET
fbem-22289	3	19	solid	solid	ADJ
fbem-22289	3	20	foundation	foundation	NOUN
fbem-22289	3	21	for	for	ADP
fbem-22289	3	22	the	the	DET
fbem-22289	3	23	long	long	ADJ
fbem-22289	3	24	-	-	PUNCT
fbem-22289	3	25	term	term	NOUN
fbem-22289	3	26	development	development	NOUN
fbem-22289	3	27	of	of	ADP
fbem-22289	3	28	the	the	DET
fbem-22289	3	29	company	company	NOUN
fbem-22289	3	30	.	.	PUNCT
fbem-22289	4	1	yunnan	yunnan	PROPN
fbem-22289	4	2	baiyao	baiyao	PROPN
fbem-22289	4	3	co.	co.	PROPN
fbem-22289	4	4	,	,	PUNCT
fbem-22289	4	5	ltd	ltd	PROPN
fbem-22289	4	6	.	.	PROPN
fbem-22289	4	7	is	be	AUX
fbem-22289	4	8	a	a	DET
fbem-22289	4	9	well	well	ADV
fbem-22289	4	10	-	-	PUNCT
fbem-22289	4	11	known	know	VERB
fbem-22289	4	12	pharmaceutical	pharmaceutical	NOUN
fbem-22289	4	13	enterprise	enterprise	NOUN
fbem-22289	4	14	,	,	PUNCT
fbem-22289	4	15	which	which	PRON
fbem-22289	4	16	has	have	VERB
fbem-22289	4	17	a	a	DET
fbem-22289	4	18	significant	significant	ADJ
fbem-22289	4	19	influence	influence	NOUN
fbem-22289	4	20	and	and	CCONJ
fbem-22289	4	21	market	market	NOUN
fbem-22289	4	22	position	position	NOUN
fbem-22289	4	23	in	in	ADP
fbem-22289	4	24	the	the	DET
fbem-22289	4	25	national	national	ADJ
fbem-22289	4	26	pharmaceutical	pharmaceutical	NOUN
fbem-22289	4	27	industry	industry	NOUN
fbem-22289	4	28	,	,	PUNCT
fbem-22289	4	29	and	and	CCONJ
fbem-22289	4	30	is	be	AUX
fbem-22289	4	31	also	also	ADV
fbem-22289	4	32	a	a	DET
fbem-22289	4	33	key	key	ADJ
fbem-22289	4	34	enterprise	enterprise	NOUN
fbem-22289	4	35	in	in	ADP
fbem-22289	4	36	the	the	DET
fbem-22289	4	37	early	early	ADJ
fbem-22289	4	38	adoption	adoption	NOUN
fbem-22289	4	39	of	of	ADP
fbem-22289	4	40	mixed	mixed	ADJ
fbem-22289	4	41	reform	reform	NOUN
fbem-22289	4	42	in	in	ADP
fbem-22289	4	43	china	china	PROPN
fbem-22289	4	44	.	.	PUNCT
fbem-22289	5	1	therefore	therefore	ADV
fbem-22289	5	2	,	,	PUNCT
fbem-22289	5	3	it	it	PRON
fbem-22289	5	4	is	be	AUX
fbem-22289	5	5	of	of	ADP
fbem-22289	5	6	great	great	ADJ
fbem-22289	5	7	reference	reference	NOUN
fbem-22289	5	8	value	value	NOUN
fbem-22289	5	9	and	and	CCONJ
fbem-22289	5	10	significance	significance	NOUN
fbem-22289	5	11	to	to	PART
fbem-22289	5	12	analyze	analyze	VERB
fbem-22289	5	13	and	and	CCONJ
fbem-22289	5	14	study	study	VERB
fbem-22289	5	15	the	the	DET
fbem-22289	5	16	financial	financial	ADJ
fbem-22289	5	17	performance	performance	NOUN
fbem-22289	5	18	of	of	ADP
fbem-22289	5	19	yunnan	yunnan	PROPN
fbem-22289	5	20	baiyao	baiyao	PROPN
fbem-22289	5	21	after	after	ADP
fbem-22289	5	22	the	the	DET
fbem-22289	5	23	mixed	mixed	ADJ
fbem-22289	5	24	reform	reform	NOUN
fbem-22289	5	25	.	.	PUNCT
fbem-22289	6	1	at	at	ADP
fbem-22289	6	2	present	present	ADJ
fbem-22289	6	3	,	,	PUNCT
fbem-22289	6	4	the	the	DET
fbem-22289	6	5	country	country	NOUN
fbem-22289	6	6	is	be	AUX
fbem-22289	6	7	vigorously	vigorously	ADV
fbem-22289	6	8	promoting	promote	VERB
fbem-22289	6	9	the	the	DET
fbem-22289	6	10	mixed	mixed	ADJ
fbem-22289	6	11	ownership	ownership	NOUN
fbem-22289	6	12	reform	reform	NOUN
fbem-22289	6	13	of	of	ADP
fbem-22289	6	14	state	state	NOUN
fbem-22289	6	15	owned	own	VERB
fbem-22289	6	16	enterprises	enterprise	NOUN
fbem-22289	6	17	.	.	PUNCT
fbem-22289	7	1	based	base	VERB
fbem-22289	7	2	on	on	ADP
fbem-22289	7	3	this	this	DET
fbem-22289	7	4	background	background	NOUN
fbem-22289	7	5	,	,	PUNCT
fbem-22289	7	6	this	this	DET
fbem-22289	7	7	paper	paper	NOUN
fbem-22289	7	8	,	,	PUNCT
fbem-22289	7	9	by	by	ADP
fbem-22289	7	10	analyzing	analyze	VERB
fbem-22289	7	11	the	the	DET
fbem-22289	7	12	financial	financial	ADJ
fbem-22289	7	13	performance	performance	NOUN
fbem-22289	7	14	of	of	ADP
fbem-22289	7	15	enterprises	enterprise	NOUN
fbem-22289	7	16	and	and	CCONJ
fbem-22289	7	17	applying	apply	VERB
fbem-22289	7	18	relevant	relevant	ADJ
fbem-22289	7	19	theories	theory	NOUN
fbem-22289	7	20	involved	involve	VERB
fbem-22289	7	21	,	,	PUNCT
fbem-22289	7	22	makes	make	VERB
fbem-22289	7	23	a	a	DET
fbem-22289	7	24	detailed	detailed	ADJ
fbem-22289	7	25	case	case	NOUN
fbem-22289	7	26	analysis	analysis	NOUN
fbem-22289	7	27	of	of	ADP
fbem-22289	7	28	the	the	DET
fbem-22289	7	29	development	development	NOUN
fbem-22289	7	30	status	status	NOUN
fbem-22289	7	31	of	of	ADP
fbem-22289	7	32	yunnan	yunnan	PROPN
fbem-22289	7	33	baiyao	baiyao	PROPN
fbem-22289	7	34	after	after	ADP
fbem-22289	7	35	the	the	DET
fbem-22289	7	36	mixed	mixed	ADJ
fbem-22289	7	37	reform	reform	NOUN
fbem-22289	7	38	,	,	PUNCT
fbem-22289	7	39	with	with	ADP
fbem-22289	7	40	a	a	DET
fbem-22289	7	41	view	view	NOUN
fbem-22289	7	42	to	to	ADP
fbem-22289	7	43	providing	provide	VERB
fbem-22289	7	44	some	some	DET
fbem-22289	7	45	suggestions	suggestion	NOUN
fbem-22289	7	46	for	for	ADP
fbem-22289	7	47	similar	similar	ADJ
fbem-22289	7	48	enterprises	enterprise	NOUN
fbem-22289	7	49	or	or	CCONJ
fbem-22289	7	50	other	other	ADJ
fbem-22289	7	51	enterprises	enterprise	NOUN
fbem-22289	7	52	with	with	ADP
fbem-22289	7	53	the	the	DET
fbem-22289	7	54	intention	intention	NOUN
fbem-22289	7	55	of	of	ADP
fbem-22289	7	56	mixed	mixed	ADJ
fbem-22289	7	57	reform	reform	NOUN
fbem-22289	7	58	.	.	PUNCT
fbem-22289	8	1	keywords	keyword	NOUN
fbem-22289	8	2	:	:	PUNCT
fbem-22289	8	3	reform	reform	NOUN
fbem-22289	8	4	of	of	ADP
fbem-22289	8	5	mixed	mixed	ADJ
fbem-22289	8	6	mix	mix	NOUN
fbem-22289	8	7	,	,	PUNCT
fbem-22289	8	8	yunnan	yunnan	NOUN
fbem-22289	8	9	baiyao	baiyao	NOUN
fbem-22289	8	10	,	,	PUNCT
fbem-22289	8	11	state	state	NOUN
fbem-22289	8	12	-	-	PUNCT
fbem-22289	8	13	owned	own	VERB
fbem-22289	8	14	enterprise	enterprise	NOUN
fbem-22289	8	15	.	.	PUNCT
fbem-22289	9	1	1	1	X
fbem-22289	9	2	.	.	X
fbem-22289	9	3	research	research	NOUN
fbem-22289	9	4	background	background	NOUN
fbem-22289	9	5	in	in	ADP
fbem-22289	9	6	the	the	DET
fbem-22289	9	7	1990s	1990	NOUN
fbem-22289	9	8	,	,	PUNCT
fbem-22289	9	9	china	china	PROPN
fbem-22289	9	10	began	begin	VERB
fbem-22289	9	11	to	to	PART
fbem-22289	9	12	allow	allow	VERB
fbem-22289	9	13	private	private	ADJ
fbem-22289	9	14	capital	capital	NOUN
fbem-22289	9	15	and	and	CCONJ
fbem-22289	9	16	foreign	foreign	ADJ
fbem-22289	9	17	capital	capital	NOUN
fbem-22289	9	18	to	to	PART
fbem-22289	9	19	participate	participate	VERB
fbem-22289	9	20	in	in	ADP
fbem-22289	9	21	the	the	DET
fbem-22289	9	22	reform	reform	NOUN
fbem-22289	9	23	of	of	ADP
fbem-22289	9	24	state	state	NOUN
fbem-22289	9	25	-	-	PUNCT
fbem-22289	9	26	owned	own	VERB
fbem-22289	9	27	enterprises	enterprise	NOUN
fbem-22289	9	28	,	,	PUNCT
fbem-22289	9	29	marking	mark	VERB
fbem-22289	9	30	the	the	DET
fbem-22289	9	31	start	start	NOUN
fbem-22289	9	32	of	of	ADP
fbem-22289	9	33	mixed	mixed	ADJ
fbem-22289	9	34	ownership	ownership	NOUN
fbem-22289	9	35	reform	reform	NOUN
fbem-22289	9	36	.	.	PUNCT
fbem-22289	10	1	this	this	DET
fbem-22289	10	2	reform	reform	NOUN
fbem-22289	10	3	program	program	NOUN
fbem-22289	10	4	is	be	AUX
fbem-22289	10	5	mainly	mainly	ADV
fbem-22289	10	6	to	to	PART
fbem-22289	10	7	attract	attract	VERB
fbem-22289	10	8	external	external	ADJ
fbem-22289	10	9	capital	capital	NOUN
fbem-22289	10	10	to	to	PART
fbem-22289	10	11	restructure	restructure	VERB
fbem-22289	10	12	state	state	NOUN
fbem-22289	10	13	-	-	PUNCT
fbem-22289	10	14	owned	own	VERB
fbem-22289	10	15	enterprises	enterprise	NOUN
fbem-22289	10	16	to	to	PART
fbem-22289	10	17	achieve	achieve	VERB
fbem-22289	10	18	the	the	DET
fbem-22289	10	19	purpose	purpose	NOUN
fbem-22289	10	20	of	of	ADP
fbem-22289	10	21	promoting	promote	VERB
fbem-22289	10	22	productivity	productivity	NOUN
fbem-22289	10	23	development	development	NOUN
fbem-22289	10	24	.	.	PUNCT
fbem-22289	11	1	however	however	ADV
fbem-22289	11	2	,	,	PUNCT
fbem-22289	11	3	the	the	DET
fbem-22289	11	4	concrete	concrete	ADJ
fbem-22289	11	5	proposal	proposal	NOUN
fbem-22289	11	6	and	and	CCONJ
fbem-22289	11	7	importance	importance	NOUN
fbem-22289	11	8	of	of	ADP
fbem-22289	11	9	mixed	mixed	ADJ
fbem-22289	11	10	reform	reform	NOUN
fbem-22289	11	11	increased	increase	VERB
fbem-22289	11	12	in	in	ADP
fbem-22289	11	13	the	the	DET
fbem-22289	11	14	following	following	ADJ
fbem-22289	11	15	years	year	NOUN
fbem-22289	11	16	.	.	PUNCT
fbem-22289	12	1	the	the	DET
fbem-22289	12	2	landmark	landmark	PROPN
fbem-22289	12	3	document	document	NOUN
fbem-22289	12	4	,	,	PUNCT
fbem-22289	12	5	the	the	DET
fbem-22289	12	6	2013	2013	NUM
fbem-22289	12	7	decision	decision	NOUN
fbem-22289	12	8	on	on	ADP
fbem-22289	12	9	comprehensively	comprehensively	ADV
fbem-22289	12	10	deepening	deepen	VERB
fbem-22289	12	11	reform	reform	NOUN
fbem-22289	12	12	,	,	PUNCT
fbem-22289	12	13	clearly	clearly	ADV
fbem-22289	12	14	pointed	point	VERB
fbem-22289	12	15	out	out	ADP
fbem-22289	12	16	that	that	SCONJ
fbem-22289	12	17	the	the	DET
fbem-22289	12	18	reform	reform	NOUN
fbem-22289	12	19	of	of	ADP
fbem-22289	12	20	state	state	NOUN
fbem-22289	12	21	-	-	PUNCT
fbem-22289	12	22	owned	own	VERB
fbem-22289	12	23	enterprises	enterprise	NOUN
fbem-22289	12	24	must	must	AUX
fbem-22289	12	25	conform	conform	VERB
fbem-22289	12	26	to	to	ADP
fbem-22289	12	27	the	the	DET
fbem-22289	12	28	development	development	NOUN
fbem-22289	12	29	of	of	ADP
fbem-22289	12	30	the	the	DET
fbem-22289	12	31	socialist	socialist	ADJ
fbem-22289	12	32	market	market	NOUN
fbem-22289	12	33	economy	economy	NOUN
fbem-22289	12	34	.	.	PUNCT
fbem-22289	13	1	in	in	ADP
fbem-22289	13	2	particular	particular	ADJ
fbem-22289	13	3	,	,	PUNCT
fbem-22289	13	4	it	it	PRON
fbem-22289	13	5	emphasizes	emphasize	VERB
fbem-22289	13	6	the	the	DET
fbem-22289	13	7	central	central	ADJ
fbem-22289	13	8	role	role	NOUN
fbem-22289	13	9	of	of	ADP
fbem-22289	13	10	mixed	mixed	ADJ
fbem-22289	13	11	ownership	ownership	NOUN
fbem-22289	13	12	reform	reform	NOUN
fbem-22289	13	13	in	in	ADP
fbem-22289	13	14	this	this	DET
fbem-22289	13	15	round	round	NOUN
fbem-22289	13	16	of	of	ADP
fbem-22289	13	17	state	state	NOUN
fbem-22289	13	18	-	-	PUNCT
fbem-22289	13	19	owned	own	VERB
fbem-22289	13	20	assets	asset	NOUN
fbem-22289	13	21	and	and	CCONJ
fbem-22289	13	22	soe	soe	PROPN
fbem-22289	13	23	reform	reform	NOUN
fbem-22289	13	24	,	,	PUNCT
fbem-22289	13	25	viewing	view	VERB
fbem-22289	13	26	it	it	PRON
fbem-22289	13	27	as	as	ADP
fbem-22289	13	28	an	an	DET
fbem-22289	13	29	important	important	ADJ
fbem-22289	13	30	breakthrough	breakthrough	NOUN
fbem-22289	13	31	.	.	PUNCT
fbem-22289	14	1	then	then	ADV
fbem-22289	14	2	,	,	PUNCT
fbem-22289	14	3	at	at	ADP
fbem-22289	14	4	the	the	DET
fbem-22289	14	5	fourth	fourth	ADJ
fbem-22289	14	6	plenary	plenary	ADJ
fbem-22289	14	7	session	session	NOUN
fbem-22289	14	8	of	of	ADP
fbem-22289	14	9	the	the	DET
fbem-22289	14	10	18th	18th	ADJ
fbem-22289	14	11	cpc	cpc	PROPN
fbem-22289	14	12	central	central	PROPN
fbem-22289	14	13	committee	committee	PROPN
fbem-22289	14	14	held	hold	VERB
fbem-22289	14	15	the	the	DET
fbem-22289	14	16	following	following	ADJ
fbem-22289	14	17	year	year	NOUN
fbem-22289	14	18	,	,	PUNCT
fbem-22289	14	19	mixed	mixed	ADJ
fbem-22289	14	20	reform	reform	NOUN
fbem-22289	14	21	was	be	AUX
fbem-22289	14	22	mentioned	mention	VERB
fbem-22289	14	23	again	again	ADV
fbem-22289	14	24	and	and	CCONJ
fbem-22289	14	25	received	receive	VERB
fbem-22289	14	26	attention	attention	NOUN
fbem-22289	14	27	.	.	PUNCT
fbem-22289	15	1	subsequently	subsequently	ADV
fbem-22289	15	2	,	,	PUNCT
fbem-22289	15	3	in	in	ADP
fbem-22289	15	4	order	order	NOUN
fbem-22289	15	5	to	to	PART
fbem-22289	15	6	further	far	ADV
fbem-22289	15	7	promote	promote	VERB
fbem-22289	15	8	the	the	DET
fbem-22289	15	9	process	process	NOUN
fbem-22289	15	10	,	,	PUNCT
fbem-22289	15	11	the	the	DET
fbem-22289	15	12	state	state	NOUN
fbem-22289	15	13	council	council	PROPN
fbem-22289	15	14	issued	issue	VERB
fbem-22289	15	15	the	the	DET
fbem-22289	15	16	opinions	opinion	NOUN
fbem-22289	15	17	on	on	ADP
fbem-22289	15	18	stateowned	stateowne	VERB
fbem-22289	15	19	enterprises	enterprise	NOUN
fbem-22289	15	20	to	to	PART
fbem-22289	15	21	develop	develop	VERB
fbem-22289	15	22	mixed	mixed	ADJ
fbem-22289	15	23	ownership	ownership	NOUN
fbem-22289	15	24	economy	economy	NOUN
fbem-22289	15	25	in	in	ADP
fbem-22289	15	26	2015	2015	NUM
fbem-22289	15	27	,	,	PUNCT
fbem-22289	15	28	which	which	PRON
fbem-22289	15	29	undoubtedly	undoubtedly	ADV
fbem-22289	15	30	injected	inject	VERB
fbem-22289	15	31	new	new	ADJ
fbem-22289	15	32	vitality	vitality	NOUN
fbem-22289	15	33	into	into	ADP
fbem-22289	15	34	the	the	DET
fbem-22289	15	35	mixed	mixed	ADJ
fbem-22289	15	36	ownership	ownership	NOUN
fbem-22289	15	37	reform	reform	NOUN
fbem-22289	15	38	and	and	CCONJ
fbem-22289	15	39	promoted	promote	VERB
fbem-22289	15	40	its	its	PRON
fbem-22289	15	41	in	in	ADP
fbem-22289	15	42	-	-	PUNCT
fbem-22289	15	43	depth	depth	NOUN
fbem-22289	15	44	development	development	NOUN
fbem-22289	15	45	.	.	PUNCT
fbem-22289	16	1	by	by	ADP
fbem-22289	16	2	the	the	DET
fbem-22289	16	3	end	end	NOUN
fbem-22289	16	4	of	of	ADP
fbem-22289	16	5	2013	2013	NUM
fbem-22289	16	6	,	,	PUNCT
fbem-22289	16	7	the	the	DET
fbem-22289	16	8	mixed	mixed	ADJ
fbem-22289	16	9	ownership	ownership	NOUN
fbem-22289	16	10	reform	reform	NOUN
fbem-22289	16	11	had	have	AUX
fbem-22289	16	12	been	be	AUX
fbem-22289	16	13	fully	fully	ADV
fbem-22289	16	14	developed	develop	VERB
fbem-22289	16	15	,	,	PUNCT
fbem-22289	16	16	and	and	CCONJ
fbem-22289	16	17	the	the	DET
fbem-22289	16	18	proportion	proportion	NOUN
fbem-22289	16	19	was	be	AUX
fbem-22289	16	20	increasing	increase	VERB
fbem-22289	16	21	.	.	PUNCT
fbem-22289	17	1	specifically	specifically	ADV
fbem-22289	17	2	,	,	PUNCT
fbem-22289	17	3	whether	whether	SCONJ
fbem-22289	17	4	it	it	PRON
fbem-22289	17	5	is	be	AUX
fbem-22289	17	6	a	a	DET
fbem-22289	17	7	central	central	ADJ
fbem-22289	17	8	enterprise	enterprise	NOUN
fbem-22289	17	9	or	or	CCONJ
fbem-22289	17	10	a	a	DET
fbem-22289	17	11	local	local	ADJ
fbem-22289	17	12	state	state	NOUN
fbem-22289	17	13	-	-	PUNCT
fbem-22289	17	14	owned	own	VERB
fbem-22289	17	15	enterprise	enterprise	NOUN
fbem-22289	17	16	,	,	PUNCT
fbem-22289	17	17	the	the	DET
fbem-22289	17	18	mixed	mixed	ADJ
fbem-22289	17	19	reform	reform	NOUN
fbem-22289	17	20	has	have	AUX
fbem-22289	17	21	made	make	VERB
fbem-22289	17	22	obvious	obvious	ADJ
fbem-22289	17	23	progress	progress	NOUN
fbem-22289	17	24	.	.	PUNCT
fbem-22289	18	1	more	more	ADJ
fbem-22289	18	2	than	than	ADP
fbem-22289	18	3	70	70	NUM
fbem-22289	18	4	%	%	NOUN
fbem-22289	18	5	of	of	ADP
fbem-22289	18	6	the	the	DET
fbem-22289	18	7	central	central	ADJ
fbem-22289	18	8	enterprises	enterprise	NOUN
fbem-22289	18	9	have	have	AUX
fbem-22289	18	10	been	be	AUX
fbem-22289	18	11	mixedchanged	mixedchange	VERB
fbem-22289	18	12	,	,	PUNCT
fbem-22289	18	13	while	while	SCONJ
fbem-22289	18	14	the	the	DET
fbem-22289	18	15	proportion	proportion	NOUN
fbem-22289	18	16	of	of	ADP
fbem-22289	18	17	local	local	ADJ
fbem-22289	18	18	state	state	NOUN
fbem-22289	18	19	-	-	PUNCT
fbem-22289	18	20	owned	own	VERB
fbem-22289	18	21	enterprises	enterprise	NOUN
fbem-22289	18	22	has	have	AUX
fbem-22289	18	23	also	also	ADV
fbem-22289	18	24	reached	reach	VERB
fbem-22289	18	25	more	more	ADJ
fbem-22289	18	26	than	than	ADP
fbem-22289	18	27	54	54	NUM
fbem-22289	18	28	%	%	NOUN
fbem-22289	18	29	.	.	PUNCT
fbem-22289	19	1	this	this	DET
fbem-22289	19	2	data	data	NOUN
fbem-22289	19	3	shows	show	VERB
fbem-22289	19	4	that	that	SCONJ
fbem-22289	19	5	the	the	DET
fbem-22289	19	6	popularity	popularity	NOUN
fbem-22289	19	7	and	and	CCONJ
fbem-22289	19	8	depth	depth	NOUN
fbem-22289	19	9	of	of	ADP
fbem-22289	19	10	mixed	mixed	ADJ
fbem-22289	19	11	reform	reform	NOUN
fbem-22289	19	12	in	in	ADP
fbem-22289	19	13	state	state	NOUN
fbem-22289	19	14	-	-	PUNCT
fbem-22289	19	15	owned	own	VERB
fbem-22289	19	16	enterprises	enterprise	NOUN
fbem-22289	19	17	are	be	AUX
fbem-22289	19	18	constantly	constantly	ADV
fbem-22289	19	19	improving	improve	VERB
fbem-22289	19	20	.	.	PUNCT
fbem-22289	20	1	2	2	X
fbem-22289	20	2	.	.	X
fbem-22289	20	3	research	research	NOUN
fbem-22289	20	4	purpose	purpose	NOUN
fbem-22289	20	5	and	and	CCONJ
fbem-22289	20	6	significance	significance	NOUN
fbem-22289	20	7	at	at	ADP
fbem-22289	20	8	present	present	ADJ
fbem-22289	20	9	,	,	PUNCT
fbem-22289	20	10	mixed	mixed	ADJ
fbem-22289	20	11	ownership	ownership	NOUN
fbem-22289	20	12	reform	reform	NOUN
fbem-22289	20	13	has	have	AUX
fbem-22289	20	14	become	become	VERB
fbem-22289	20	15	an	an	DET
fbem-22289	20	16	important	important	ADJ
fbem-22289	20	17	means	mean	NOUN
fbem-22289	20	18	for	for	SCONJ
fbem-22289	20	19	many	many	ADJ
fbem-22289	20	20	state	state	NOUN
fbem-22289	20	21	-	-	PUNCT
fbem-22289	20	22	owned	own	VERB
fbem-22289	20	23	enterprises	enterprise	NOUN
fbem-22289	20	24	to	to	PART
fbem-22289	20	25	enhance	enhance	VERB
fbem-22289	20	26	their	their	PRON
fbem-22289	20	27	market	market	NOUN
fbem-22289	20	28	competitiveness	competitiveness	NOUN
fbem-22289	20	29	.	.	PUNCT
fbem-22289	21	1	as	as	ADV
fbem-22289	21	2	more	more	ADJ
fbem-22289	21	3	and	and	CCONJ
fbem-22289	21	4	more	more	ADJ
fbem-22289	21	5	enterprises	enterprise	NOUN
fbem-22289	21	6	carry	carry	VERB
fbem-22289	21	7	out	out	ADP
fbem-22289	21	8	mixed	mixed	ADJ
fbem-22289	21	9	ownership	ownership	NOUN
fbem-22289	21	10	reform	reform	NOUN
fbem-22289	21	11	,	,	PUNCT
fbem-22289	21	12	the	the	DET
fbem-22289	21	13	problems	problem	NOUN
fbem-22289	21	14	that	that	PRON
fbem-22289	21	15	arise	arise	VERB
fbem-22289	21	16	also	also	ADV
fbem-22289	21	17	urgently	urgently	ADV
fbem-22289	21	18	need	need	VERB
fbem-22289	21	19	to	to	PART
fbem-22289	21	20	be	be	AUX
fbem-22289	21	21	solved	solve	VERB
fbem-22289	21	22	,	,	PUNCT
fbem-22289	21	23	especially	especially	ADV
fbem-22289	21	24	in	in	ADP
fbem-22289	21	25	recent	recent	ADJ
fbem-22289	21	26	years	year	NOUN
fbem-22289	21	27	,	,	PUNCT
fbem-22289	21	28	the	the	DET
fbem-22289	21	29	development	development	NOUN
fbem-22289	21	30	of	of	ADP
fbem-22289	21	31	the	the	DET
fbem-22289	21	32	pharmaceutical	pharmaceutical	NOUN
fbem-22289	21	33	industry	industry	NOUN
fbem-22289	21	34	is	be	AUX
fbem-22289	21	35	not	not	PART
fbem-22289	21	36	ideal	ideal	ADJ
fbem-22289	21	37	,	,	PUNCT
fbem-22289	21	38	although	although	SCONJ
fbem-22289	21	39	the	the	DET
fbem-22289	21	40	number	number	NOUN
fbem-22289	21	41	and	and	CCONJ
fbem-22289	21	42	scale	scale	NOUN
fbem-22289	21	43	of	of	ADP
fbem-22289	21	44	state	state	NOUN
fbem-22289	21	45	-	-	PUNCT
fbem-22289	21	46	owned	own	VERB
fbem-22289	21	47	pharmaceutical	pharmaceutical	NOUN
fbem-22289	21	48	enterprises	enterprise	NOUN
fbem-22289	21	49	have	have	AUX
fbem-22289	21	50	increased	increase	VERB
fbem-22289	21	51	significantly	significantly	ADV
fbem-22289	21	52	,	,	PUNCT
fbem-22289	21	53	but	but	CCONJ
fbem-22289	21	54	in	in	ADP
fbem-22289	21	55	the	the	DET
fbem-22289	21	56	overall	overall	ADJ
fbem-22289	21	57	indicator	indicator	NOUN
fbem-22289	21	58	growth	growth	NOUN
fbem-22289	21	59	rate	rate	NOUN
fbem-22289	21	60	has	have	AUX
fbem-22289	21	61	declined	decline	VERB
fbem-22289	21	62	.	.	PUNCT
fbem-22289	22	1	according	accord	VERB
fbem-22289	22	2	to	to	ADP
fbem-22289	22	3	the	the	DET
fbem-22289	22	4	data	datum	NOUN
fbem-22289	22	5	of	of	ADP
fbem-22289	22	6	the	the	DET
fbem-22289	22	7	national	national	PROPN
fbem-22289	22	8	bureau	bureau	PROPN
fbem-22289	22	9	of	of	ADP
fbem-22289	22	10	statistics	statistic	NOUN
fbem-22289	22	11	,	,	PUNCT
fbem-22289	22	12	the	the	DET
fbem-22289	22	13	added	add	VERB
fbem-22289	22	14	value	value	NOUN
fbem-22289	22	15	of	of	ADP
fbem-22289	22	16	the	the	DET
fbem-22289	22	17	pharmaceutical	pharmaceutical	NOUN
fbem-22289	22	18	industry	industry	NOUN
fbem-22289	22	19	in	in	ADP
fbem-22289	22	20	203	203	NUM
fbem-22289	22	21	fell	fall	VERB
fbem-22289	22	22	by	by	ADP
fbem-22289	22	23	5.2	5.2	NUM
fbem-22289	22	24	%	%	NOUN
fbem-22289	22	25	compared	compare	VERB
fbem-22289	22	26	with	with	ADP
fbem-22289	22	27	the	the	DET
fbem-22289	22	28	previous	previous	ADJ
fbem-22289	22	29	year	year	NOUN
fbem-22289	22	30	,	,	PUNCT
fbem-22289	22	31	while	while	SCONJ
fbem-22289	22	32	profits	profit	NOUN
fbem-22289	22	33	and	and	CCONJ
fbem-22289	22	34	revenue	revenue	NOUN
fbem-22289	22	35	also	also	ADV
fbem-22289	22	36	showed	show	VERB
fbem-22289	22	37	a	a	DET
fbem-22289	22	38	significant	significant	ADJ
fbem-22289	22	39	decline	decline	NOUN
fbem-22289	22	40	.	.	PUNCT
fbem-22289	23	1	in	in	ADP
fbem-22289	23	2	view	view	NOUN
fbem-22289	23	3	of	of	ADP
fbem-22289	23	4	this	this	DET
fbem-22289	23	5	phenomenon	phenomenon	NOUN
fbem-22289	23	6	,	,	PUNCT
fbem-22289	23	7	yunnan	yunnan	NOUN
fbem-22289	23	8	baiyao	baiyao	NOUN
fbem-22289	23	9	,	,	PUNCT
fbem-22289	23	10	as	as	ADP
fbem-22289	23	11	one	one	NUM
fbem-22289	23	12	of	of	ADP
fbem-22289	23	13	the	the	DET
fbem-22289	23	14	leading	lead	VERB
fbem-22289	23	15	enterprises	enterprise	NOUN
fbem-22289	23	16	in	in	ADP
fbem-22289	23	17	the	the	DET
fbem-22289	23	18	state	state	NOUN
fbem-22289	23	19	-	-	PUNCT
fbem-22289	23	20	owned	own	VERB
fbem-22289	23	21	pharmaceutical	pharmaceutical	NOUN
fbem-22289	23	22	industry	industry	NOUN
fbem-22289	23	23	,	,	PUNCT
fbem-22289	23	24	has	have	AUX
fbem-22289	23	25	become	become	VERB
fbem-22289	23	26	the	the	DET
fbem-22289	23	27	focus	focus	NOUN
fbem-22289	23	28	of	of	ADP
fbem-22289	23	29	research	research	NOUN
fbem-22289	23	30	on	on	ADP
fbem-22289	23	31	the	the	DET
fbem-22289	23	32	impact	impact	NOUN
fbem-22289	23	33	of	of	ADP
fbem-22289	23	34	its	its	PRON
fbem-22289	23	35	mixed	mixed	ADJ
fbem-22289	23	36	reform	reform	NOUN
fbem-22289	23	37	on	on	ADP
fbem-22289	23	38	corporate	corporate	ADJ
fbem-22289	23	39	financial	financial	ADJ
fbem-22289	23	40	performance	performance	NOUN
fbem-22289	23	41	.	.	PUNCT
fbem-22289	24	1	by	by	ADP
fbem-22289	24	2	analyzing	analyze	VERB
fbem-22289	24	3	the	the	DET
fbem-22289	24	4	experience	experience	NOUN
fbem-22289	24	5	and	and	CCONJ
fbem-22289	24	6	enlightenment	enlightenment	NOUN
fbem-22289	24	7	of	of	ADP
fbem-22289	24	8	yunnan	yunnan	PROPN
fbem-22289	24	9	baiyao	baiyao	NOUN
fbem-22289	24	10	in	in	ADP
fbem-22289	24	11	the	the	DET
fbem-22289	24	12	process	process	NOUN
fbem-22289	24	13	of	of	ADP
fbem-22289	24	14	mixed	mixed	ADJ
fbem-22289	24	15	reform	reform	NOUN
fbem-22289	24	16	,	,	PUNCT
fbem-22289	24	17	it	it	PRON
fbem-22289	24	18	can	can	AUX
fbem-22289	24	19	provide	provide	VERB
fbem-22289	24	20	effective	effective	ADJ
fbem-22289	24	21	reference	reference	NOUN
fbem-22289	24	22	for	for	ADP
fbem-22289	24	23	other	other	ADJ
fbem-22289	24	24	related	related	ADJ
fbem-22289	24	25	enterprises	enterprise	NOUN
fbem-22289	24	26	or	or	CCONJ
fbem-22289	24	27	industries	industry	NOUN
fbem-22289	24	28	.	.	PUNCT
fbem-22289	25	1	3	3	X
fbem-22289	25	2	.	.	X
fbem-22289	25	3	case	case	NOUN
fbem-22289	25	4	overview	overview	VERB
fbem-22289	25	5	3.1	3.1	NUM
fbem-22289	25	6	.	.	PUNCT
fbem-22289	26	1	overview	overview	NOUN
fbem-22289	26	2	of	of	ADP
fbem-22289	26	3	yunnan	yunnan	PROPN
fbem-22289	26	4	baiyao	baiyao	PROPN
fbem-22289	26	5	holding	holding	PROPN
fbem-22289	26	6	co.	co.	PROPN
fbem-22289	26	7	,	,	PUNCT
fbem-22289	26	8	ltd	ltd	PROPN
fbem-22289	26	9	yunnan	yunnan	PROPN
fbem-22289	26	10	baiyao	baiyao	PROPN
fbem-22289	26	11	group	group	PROPN
fbem-22289	26	12	co.	co.	PROPN
fbem-22289	26	13	,	,	PUNCT
fbem-22289	26	14	ltd	ltd	PROPN
fbem-22289	26	15	.	.	PROPN
fbem-22289	26	16	(	(	PUNCT
fbem-22289	26	17	referred	refer	VERB
fbem-22289	26	18	to	to	ADP
fbem-22289	26	19	as	as	ADP
fbem-22289	26	20	"	"	PUNCT
fbem-22289	26	21	yunnan	yunnan	NOUN
fbem-22289	26	22	baiyao	baiyao	NOUN
fbem-22289	26	23	"	"	PUNCT
fbem-22289	26	24	)	)	PUNCT
fbem-22289	26	25	,	,	PUNCT
fbem-22289	26	26	located	locate	VERB
fbem-22289	26	27	in	in	ADP
fbem-22289	26	28	kunming	kunming	PROPN
fbem-22289	26	29	,	,	PUNCT
fbem-22289	26	30	yunnan	yunnan	PROPN
fbem-22289	26	31	province	province	PROPN
fbem-22289	26	32	,	,	PUNCT
fbem-22289	26	33	is	be	AUX
fbem-22289	26	34	a	a	DET
fbem-22289	26	35	national	national	ADJ
fbem-22289	26	36	well	well	ADV
fbem-22289	26	37	-	-	PUNCT
fbem-22289	26	38	known	know	VERB
fbem-22289	26	39	pharmaceutical	pharmaceutical	NOUN
fbem-22289	26	40	enterprise	enterprise	NOUN
fbem-22289	26	41	enjoying	enjoy	VERB
fbem-22289	26	42	the	the	DET
fbem-22289	26	43	reputation	reputation	NOUN
fbem-22289	26	44	of	of	ADP
fbem-22289	26	45	"	"	PUNCT
fbem-22289	26	46	chinese	chinese	ADJ
fbem-22289	26	47	treasure	treasure	NOUN
fbem-22289	26	48	and	and	CCONJ
fbem-22289	26	49	sacred	sacred	ADJ
fbem-22289	26	50	medicine	medicine	NOUN
fbem-22289	26	51	in	in	ADP
fbem-22289	26	52	traumatology	traumatology	NOUN
fbem-22289	26	53	"	"	PUNCT
fbem-22289	26	54	.	.	PUNCT
fbem-22289	27	1	its	its	PRON
fbem-22289	27	2	mixed	mixed	ADJ
fbem-22289	27	3	ownership	ownership	NOUN
fbem-22289	27	4	reform	reform	NOUN
fbem-22289	27	5	began	begin	VERB
fbem-22289	27	6	in	in	ADP
fbem-22289	27	7	2016	2016	NUM
fbem-22289	27	8	and	and	CCONJ
fbem-22289	27	9	was	be	AUX
fbem-22289	27	10	completed	complete	VERB
fbem-22289	27	11	in	in	ADP
fbem-22289	27	12	2019	2019	NUM
fbem-22289	27	13	,	,	PUNCT
fbem-22289	27	14	going	go	VERB
fbem-22289	27	15	through	through	ADP
fbem-22289	27	16	three	three	NUM
fbem-22289	27	17	stages	stage	NOUN
fbem-22289	27	18	,	,	PUNCT
fbem-22289	27	19	the	the	DET
fbem-22289	27	20	first	first	ADJ
fbem-22289	27	21	two	two	NUM
fbem-22289	27	22	stages	stage	NOUN
fbem-22289	27	23	mainly	mainly	ADV
fbem-22289	27	24	focused	focus	VERB
fbem-22289	27	25	on	on	ADP
fbem-22289	27	26	the	the	DET
fbem-22289	27	27	introduction	introduction	NOUN
fbem-22289	27	28	of	of	ADP
fbem-22289	27	29	250	250	NUM
fbem-22289	27	30	strategic	strategic	ADJ
fbem-22289	27	31	investors	investor	NOUN
fbem-22289	27	32	,	,	PUNCT
fbem-22289	27	33	and	and	CCONJ
fbem-22289	27	34	the	the	DET
fbem-22289	27	35	third	third	ADJ
fbem-22289	27	36	stage	stage	NOUN
fbem-22289	27	37	is	be	AUX
fbem-22289	27	38	the	the	DET
fbem-22289	27	39	vertical	vertical	ADJ
fbem-22289	27	40	deepening	deepening	NOUN
fbem-22289	27	41	of	of	ADP
fbem-22289	27	42	the	the	DET
fbem-22289	27	43	mixed	mixed	ADJ
fbem-22289	27	44	ownership	ownership	NOUN
fbem-22289	27	45	reform	reform	NOUN
fbem-22289	27	46	.	.	PUNCT
fbem-22289	28	1	the	the	DET
fbem-22289	28	2	mixed	mixed	ADJ
fbem-22289	28	3	reform	reform	NOUN
fbem-22289	28	4	is	be	AUX
fbem-22289	28	5	unique	unique	ADJ
fbem-22289	28	6	in	in	ADP
fbem-22289	28	7	state	state	NOUN
fbem-22289	28	8	-	-	PUNCT
fbem-22289	28	9	owned	own	VERB
fbem-22289	28	10	enterprises	enterprise	NOUN
fbem-22289	28	11	,	,	PUNCT
fbem-22289	28	12	not	not	PART
fbem-22289	28	13	only	only	ADV
fbem-22289	28	14	the	the	DET
fbem-22289	28	15	proportion	proportion	NOUN
fbem-22289	28	16	of	of	ADP
fbem-22289	28	17	strategic	strategic	ADJ
fbem-22289	28	18	investors	investor	NOUN
fbem-22289	28	19	is	be	AUX
fbem-22289	28	20	high	high	ADJ
fbem-22289	28	21	,	,	PUNCT
fbem-22289	28	22	but	but	CCONJ
fbem-22289	28	23	also	also	ADV
fbem-22289	28	24	involves	involve	VERB
fbem-22289	28	25	a	a	DET
fbem-22289	28	26	large	large	ADJ
fbem-22289	28	27	amount	amount	NOUN
fbem-22289	28	28	of	of	ADP
fbem-22289	28	29	capital	capital	NOUN
fbem-22289	28	30	.	.	PUNCT
fbem-22289	29	1	3.2	3.2	NUM
fbem-22289	29	2	.	.	PUNCT
fbem-22289	30	1	yunnan	yunnan	PROPN
fbem-22289	30	2	baiyao	baiyao	PROPN
fbem-22289	30	3	holding	holding	PROPN
fbem-22289	30	4	co.	co.	PROPN
fbem-22289	30	5	,	,	PUNCT
fbem-22289	30	6	ltd	ltd	PROPN
fbem-22289	30	7	.	.	PROPN
fbem-22289	30	8	mixed	mixed	ADJ
fbem-22289	30	9	change	change	NOUN
fbem-22289	30	10	cause	cause	VERB
fbem-22289	30	11	the	the	DET
fbem-22289	30	12	first	first	ADJ
fbem-22289	30	13	point	point	NOUN
fbem-22289	30	14	is	be	AUX
fbem-22289	30	15	to	to	PART
fbem-22289	30	16	respond	respond	VERB
fbem-22289	30	17	to	to	ADP
fbem-22289	30	18	national	national	ADJ
fbem-22289	30	19	policies	policy	NOUN
fbem-22289	30	20	and	and	CCONJ
fbem-22289	30	21	market	market	NOUN
fbem-22289	30	22	needs	need	NOUN
fbem-22289	30	23	.	.	PUNCT
fbem-22289	31	1	driven	drive	VERB
fbem-22289	31	2	by	by	ADP
fbem-22289	31	3	the	the	DET
fbem-22289	31	4	new	new	ADJ
fbem-22289	31	5	economic	economic	ADJ
fbem-22289	31	6	situation	situation	NOUN
fbem-22289	31	7	and	and	CCONJ
fbem-22289	31	8	the	the	DET
fbem-22289	31	9	wave	wave	NOUN
fbem-22289	31	10	of	of	ADP
fbem-22289	31	11	state	state	NOUN
fbem-22289	31	12	-	-	PUNCT
fbem-22289	31	13	owned	own	VERB
fbem-22289	31	14	enterprise	enterprise	NOUN
fbem-22289	31	15	reform	reform	NOUN
fbem-22289	31	16	,	,	PUNCT
fbem-22289	31	17	yunnan	yunnan	NOUN
fbem-22289	31	18	baiyao	baiyao	NOUN
fbem-22289	31	19	,	,	PUNCT
fbem-22289	31	20	as	as	ADP
fbem-22289	31	21	a	a	DET
fbem-22289	31	22	stateowned	stateowne	VERB
fbem-22289	31	23	enterprise	enterprise	NOUN
fbem-22289	31	24	,	,	PUNCT
fbem-22289	31	25	actively	actively	ADV
fbem-22289	31	26	responded	respond	VERB
fbem-22289	31	27	to	to	ADP
fbem-22289	31	28	the	the	DET
fbem-22289	31	29	central	central	ADJ
fbem-22289	31	30	stateowned	stateowne	VERB
fbem-22289	31	31	enterprise	enterprise	NOUN
fbem-22289	31	32	reform	reform	NOUN
fbem-22289	31	33	plan	plan	NOUN
fbem-22289	31	34	to	to	PART
fbem-22289	31	35	cooperate	cooperate	VERB
fbem-22289	31	36	with	with	ADP
fbem-22289	31	37	the	the	DET
fbem-22289	31	38	smooth	smooth	ADJ
fbem-22289	31	39	completion	completion	NOUN
fbem-22289	31	40	of	of	ADP
fbem-22289	31	41	economic	economic	ADJ
fbem-22289	31	42	transformation	transformation	NOUN
fbem-22289	31	43	.	.	PUNCT
fbem-22289	32	1	at	at	ADP
fbem-22289	32	2	the	the	DET
fbem-22289	32	3	same	same	ADJ
fbem-22289	32	4	time	time	NOUN
fbem-22289	32	5	,	,	PUNCT
fbem-22289	32	6	the	the	DET
fbem-22289	32	7	pharmaceutical	pharmaceutical	NOUN
fbem-22289	32	8	industry	industry	NOUN
fbem-22289	32	9	is	be	AUX
fbem-22289	32	10	in	in	ADP
fbem-22289	32	11	a	a	DET
fbem-22289	32	12	period	period	NOUN
fbem-22289	32	13	of	of	ADP
fbem-22289	32	14	transformation	transformation	NOUN
fbem-22289	32	15	and	and	CCONJ
fbem-22289	32	16	upgrading	upgrading	NOUN
fbem-22289	32	17	,	,	PUNCT
fbem-22289	32	18	from	from	ADP
fbem-22289	32	19	large	large	ADJ
fbem-22289	32	20	industrial	industrial	ADJ
fbem-22289	32	21	products	product	NOUN
fbem-22289	32	22	,	,	PUNCT
fbem-22289	32	23	large	large	ADJ
fbem-22289	32	24	coal	coal	NOUN
fbem-22289	32	25	manufacturing	manufacturing	NOUN
fbem-22289	32	26	to	to	ADP
fbem-22289	32	27	service	service	NOUN
fbem-22289	32	28	-	-	PUNCT
fbem-22289	32	29	oriented	orient	VERB
fbem-22289	32	30	products	product	NOUN
fbem-22289	32	31	,	,	PUNCT
fbem-22289	32	32	service	service	NOUN
fbem-22289	32	33	-	-	PUNCT
fbem-22289	32	34	oriented	orient	VERB
fbem-22289	32	35	enterprises	enterprise	NOUN
fbem-22289	32	36	,	,	PUNCT
fbem-22289	32	37	yunnan	yunnan	NOUN
fbem-22289	32	38	baiyao	baiyao	NOUN
fbem-22289	32	39	also	also	ADV
fbem-22289	32	40	needs	need	VERB
fbem-22289	32	41	to	to	PART
fbem-22289	32	42	accelerate	accelerate	VERB
fbem-22289	32	43	the	the	DET
fbem-22289	32	44	transformation	transformation	NOUN
fbem-22289	32	45	and	and	CCONJ
fbem-22289	32	46	upgrading	upgrading	NOUN
fbem-22289	32	47	of	of	ADP
fbem-22289	32	48	the	the	DET
fbem-22289	32	49	pharmaceutical	pharmaceutical	ADJ
fbem-22289	32	50	industry	industry	NOUN
fbem-22289	32	51	through	through	ADP
fbem-22289	32	52	mixed	mixed	ADJ
fbem-22289	32	53	reform	reform	NOUN
fbem-22289	32	54	.	.	PUNCT
fbem-22289	33	1	the	the	DET
fbem-22289	33	2	second	second	NOUN
fbem-22289	33	3	is	be	AUX
fbem-22289	33	4	to	to	PART
fbem-22289	33	5	improve	improve	VERB
fbem-22289	33	6	competitiveness	competitiveness	NOUN
fbem-22289	33	7	and	and	CCONJ
fbem-22289	33	8	profitability	profitability	NOUN
fbem-22289	33	9	.	.	PUNCT
fbem-22289	34	1	another	another	DET
fbem-22289	34	2	important	important	ADJ
fbem-22289	34	3	reason	reason	NOUN
fbem-22289	34	4	for	for	ADP
fbem-22289	34	5	yunnan	yunnan	NOUN
fbem-22289	34	6	baiyao	baiyao	ADJ
fbem-22289	34	7	mixed	mixed	ADJ
fbem-22289	34	8	reform	reform	NOUN
fbem-22289	34	9	is	be	AUX
fbem-22289	34	10	to	to	PART
fbem-22289	34	11	enhance	enhance	VERB
fbem-22289	34	12	the	the	DET
fbem-22289	34	13	competitiveness	competitiveness	NOUN
fbem-22289	34	14	and	and	CCONJ
fbem-22289	34	15	profitability	profitability	NOUN
fbem-22289	34	16	of	of	ADP
fbem-22289	34	17	enterprises	enterprise	NOUN
fbem-22289	34	18	.	.	PUNCT
fbem-22289	35	1	by	by	ADP
fbem-22289	35	2	introducing	introduce	VERB
fbem-22289	35	3	strategic	strategic	ADJ
fbem-22289	35	4	investors	investor	NOUN
fbem-22289	35	5	,	,	PUNCT
fbem-22289	35	6	reforming	reform	VERB
fbem-22289	35	7	the	the	DET
fbem-22289	35	8	management	management	NOUN
fbem-22289	35	9	system	system	NOUN
fbem-22289	35	10	,	,	PUNCT
fbem-22289	35	11	strengthening	strengthen	VERB
fbem-22289	35	12	scientific	scientific	ADJ
fbem-22289	35	13	research	research	NOUN
fbem-22289	35	14	and	and	CCONJ
fbem-22289	35	15	technological	technological	ADJ
fbem-22289	35	16	innovation	innovation	NOUN
fbem-22289	35	17	,	,	PUNCT
fbem-22289	35	18	expanding	expand	VERB
fbem-22289	35	19	the	the	DET
fbem-22289	35	20	market	market	NOUN
fbem-22289	35	21	,	,	PUNCT
fbem-22289	35	22	and	and	CCONJ
fbem-22289	35	23	strengthening	strengthen	VERB
fbem-22289	35	24	corporate	corporate	ADJ
fbem-22289	35	25	social	social	ADJ
fbem-22289	35	26	responsibility	responsibility	NOUN
fbem-22289	35	27	,	,	PUNCT
fbem-22289	35	28	yunnan	yunnan	PROPN
fbem-22289	35	29	baiyao	baiyao	PROPN
fbem-22289	35	30	aims	aim	VERB
fbem-22289	35	31	to	to	PART
fbem-22289	35	32	achieve	achieve	VERB
fbem-22289	35	33	sustainable	sustainable	ADJ
fbem-22289	35	34	development	development	NOUN
fbem-22289	35	35	and	and	CCONJ
fbem-22289	35	36	the	the	DET
fbem-22289	35	37	development	development	NOUN
fbem-22289	35	38	of	of	ADP
fbem-22289	35	39	the	the	DET
fbem-22289	35	40	health	health	NOUN
fbem-22289	35	41	industry	industry	NOUN
fbem-22289	35	42	.	.	PUNCT
fbem-22289	36	1	the	the	DET
fbem-22289	36	2	third	third	ADJ
fbem-22289	36	3	point	point	NOUN
fbem-22289	36	4	is	be	AUX
fbem-22289	36	5	to	to	PART
fbem-22289	36	6	optimize	optimize	VERB
fbem-22289	36	7	corporate	corporate	ADJ
fbem-22289	36	8	governance	governance	NOUN
fbem-22289	36	9	structure	structure	NOUN
fbem-22289	36	10	.	.	PUNCT
fbem-22289	37	1	through	through	ADP
fbem-22289	37	2	the	the	DET
fbem-22289	37	3	introduction	introduction	NOUN
fbem-22289	37	4	of	of	ADP
fbem-22289	37	5	private	private	ADJ
fbem-22289	37	6	capital	capital	NOUN
fbem-22289	37	7	,	,	PUNCT
fbem-22289	37	8	the	the	DET
fbem-22289	37	9	ownership	ownership	NOUN
fbem-22289	37	10	structure	structure	NOUN
fbem-22289	37	11	of	of	ADP
fbem-22289	37	12	the	the	DET
fbem-22289	37	13	company	company	NOUN
fbem-22289	37	14	can	can	AUX
fbem-22289	37	15	be	be	AUX
fbem-22289	37	16	adjusted	adjust	VERB
fbem-22289	37	17	,	,	PUNCT
fbem-22289	37	18	so	so	SCONJ
fbem-22289	37	19	that	that	SCONJ
fbem-22289	37	20	private	private	ADJ
fbem-22289	37	21	capital	capital	NOUN
fbem-22289	37	22	can	can	AUX
fbem-22289	37	23	get	get	VERB
fbem-22289	37	24	more	more	ADJ
fbem-22289	37	25	say	say	VERB
fbem-22289	37	26	in	in	ADP
fbem-22289	37	27	the	the	DET
fbem-22289	37	28	board	board	NOUN
fbem-22289	37	29	of	of	ADP
fbem-22289	37	30	directors	director	NOUN
fbem-22289	37	31	.	.	PUNCT
fbem-22289	38	1	this	this	DET
fbem-22289	38	2	reform	reform	NOUN
fbem-22289	38	3	can	can	AUX
fbem-22289	38	4	realize	realize	VERB
fbem-22289	38	5	the	the	DET
fbem-22289	38	6	mutual	mutual	ADJ
fbem-22289	38	7	checks	check	NOUN
fbem-22289	38	8	and	and	CCONJ
fbem-22289	38	9	balances	balance	NOUN
fbem-22289	38	10	between	between	ADP
fbem-22289	38	11	state	state	NOUN
fbem-22289	38	12	-	-	PUNCT
fbem-22289	38	13	owned	own	VERB
fbem-22289	38	14	capital	capital	NOUN
fbem-22289	38	15	and	and	CCONJ
fbem-22289	38	16	private	private	ADJ
fbem-22289	38	17	capital	capital	NOUN
fbem-22289	38	18	,	,	PUNCT
fbem-22289	38	19	effectively	effectively	ADV
fbem-22289	38	20	enhance	enhance	VERB
fbem-22289	38	21	the	the	DET
fbem-22289	38	22	scientific	scientific	ADJ
fbem-22289	38	23	and	and	CCONJ
fbem-22289	38	24	efficient	efficient	ADJ
fbem-22289	38	25	decisionmaking	decisionmaking	NOUN
fbem-22289	38	26	of	of	ADP
fbem-22289	38	27	the	the	DET
fbem-22289	38	28	board	board	NOUN
fbem-22289	38	29	of	of	ADP
fbem-22289	38	30	directors	director	NOUN
fbem-22289	38	31	,	,	PUNCT
fbem-22289	38	32	and	and	CCONJ
fbem-22289	38	33	further	far	ADV
fbem-22289	38	34	improve	improve	VERB
fbem-22289	38	35	the	the	DET
fbem-22289	38	36	overall	overall	ADJ
fbem-22289	38	37	governance	governance	NOUN
fbem-22289	38	38	level	level	NOUN
fbem-22289	38	39	of	of	ADP
fbem-22289	38	40	the	the	DET
fbem-22289	38	41	company	company	NOUN
fbem-22289	38	42	.	.	PUNCT
fbem-22289	39	1	the	the	DET
fbem-22289	39	2	fourth	fourth	ADJ
fbem-22289	39	3	is	be	AUX
fbem-22289	39	4	to	to	PART
fbem-22289	39	5	ease	ease	VERB
fbem-22289	39	6	financial	financial	ADJ
fbem-22289	39	7	pressure	pressure	NOUN
fbem-22289	39	8	.	.	PUNCT
fbem-22289	40	1	the	the	DET
fbem-22289	40	2	introduction	introduction	NOUN
fbem-22289	40	3	of	of	ADP
fbem-22289	40	4	strategic	strategic	ADJ
fbem-22289	40	5	investors	investor	NOUN
fbem-22289	40	6	can	can	AUX
fbem-22289	40	7	alleviate	alleviate	VERB
fbem-22289	40	8	the	the	DET
fbem-22289	40	9	problem	problem	NOUN
fbem-22289	40	10	of	of	ADP
fbem-22289	40	11	insufficient	insufficient	ADJ
fbem-22289	40	12	liquidity	liquidity	NOUN
fbem-22289	40	13	by	by	ADP
fbem-22289	40	14	injecting	inject	VERB
fbem-22289	40	15	more	more	ADJ
fbem-22289	40	16	working	work	VERB
fbem-22289	40	17	capital	capital	NOUN
fbem-22289	40	18	into	into	ADP
fbem-22289	40	19	yunnan	yunnan	PROPN
fbem-22289	40	20	baiyao	baiyao	NOUN
fbem-22289	40	21	.	.	PUNCT
fbem-22289	41	1	this	this	PRON
fbem-22289	41	2	is	be	AUX
fbem-22289	41	3	conducive	conducive	ADJ
fbem-22289	41	4	to	to	ADP
fbem-22289	41	5	the	the	DET
fbem-22289	41	6	company	company	NOUN
fbem-22289	41	7	's	's	PART
fbem-22289	41	8	further	further	ADJ
fbem-22289	41	9	expansion	expansion	NOUN
fbem-22289	41	10	,	,	PUNCT
fbem-22289	41	11	increase	increase	VERB
fbem-22289	41	12	investment	investment	NOUN
fbem-22289	41	13	in	in	ADP
fbem-22289	41	14	new	new	ADJ
fbem-22289	41	15	product	product	NOUN
fbem-22289	41	16	research	research	NOUN
fbem-22289	41	17	and	and	CCONJ
fbem-22289	41	18	development	development	NOUN
fbem-22289	41	19	,	,	PUNCT
fbem-22289	41	20	so	so	SCONJ
fbem-22289	41	21	as	as	SCONJ
fbem-22289	41	22	to	to	PART
fbem-22289	41	23	effectively	effectively	ADV
fbem-22289	41	24	improve	improve	VERB
fbem-22289	41	25	the	the	DET
fbem-22289	41	26	enterprise	enterprise	NOUN
fbem-22289	41	27	's	's	PART
fbem-22289	41	28	innovation	innovation	NOUN
fbem-22289	41	29	ability	ability	NOUN
fbem-22289	41	30	and	and	CCONJ
fbem-22289	41	31	comprehensive	comprehensive	ADJ
fbem-22289	41	32	competitiveness	competitiveness	NOUN
fbem-22289	41	33	.	.	PUNCT
fbem-22289	42	1	3.3	3.3	NUM
fbem-22289	42	2	.	.	PUNCT
fbem-22289	43	1	analysis	analysis	NOUN
fbem-22289	43	2	of	of	ADP
fbem-22289	43	3	yunnan	yunnan	NOUN
fbem-22289	43	4	baiyao	baiyao	ADJ
fbem-22289	43	5	mixed	mix	VERB
fbem-22289	43	6	reform	reform	NOUN
fbem-22289	43	7	path	path	NOUN
fbem-22289	43	8	it	it	PRON
fbem-22289	43	9	is	be	AUX
fbem-22289	43	10	very	very	ADV
fbem-22289	43	11	important	important	ADJ
fbem-22289	43	12	to	to	PART
fbem-22289	43	13	analyze	analyze	VERB
fbem-22289	43	14	the	the	DET
fbem-22289	43	15	mixed	mix	VERB
fbem-22289	43	16	reform	reform	NOUN
fbem-22289	43	17	path	path	NOUN
fbem-22289	43	18	of	of	ADP
fbem-22289	43	19	yunnan	yunnan	PROPN
fbem-22289	43	20	baiyao	baiyao	NOUN
fbem-22289	43	21	to	to	PART
fbem-22289	43	22	continuously	continuously	ADV
fbem-22289	43	23	enhance	enhance	VERB
fbem-22289	43	24	its	its	PRON
fbem-22289	43	25	competitiveness	competitiveness	NOUN
fbem-22289	43	26	in	in	ADP
fbem-22289	43	27	the	the	DET
fbem-22289	43	28	competitive	competitive	ADJ
fbem-22289	43	29	market	market	NOUN
fbem-22289	43	30	.	.	PUNCT
fbem-22289	44	1	in	in	ADP
fbem-22289	44	2	the	the	DET
fbem-22289	44	3	process	process	NOUN
fbem-22289	44	4	of	of	ADP
fbem-22289	44	5	mixed	mixed	ADJ
fbem-22289	44	6	reform	reform	NOUN
fbem-22289	44	7	started	start	VERB
fbem-22289	44	8	in	in	ADP
fbem-22289	44	9	2016	2016	NUM
fbem-22289	44	10	,	,	PUNCT
fbem-22289	44	11	yunnan	yunnan	PROPN
fbem-22289	44	12	baiyao	baiyao	NOUN
fbem-22289	44	13	mainly	mainly	ADV
fbem-22289	44	14	adopted	adopt	VERB
fbem-22289	44	15	three	three	NUM
fbem-22289	44	16	strategies	strategy	NOUN
fbem-22289	44	17	:	:	PUNCT
fbem-22289	44	18	employee	employee	NOUN
fbem-22289	44	19	shareholding	shareholding	NOUN
fbem-22289	44	20	,	,	PUNCT
fbem-22289	44	21	overall	overall	ADJ
fbem-22289	44	22	listing	listing	NOUN
fbem-22289	44	23	and	and	CCONJ
fbem-22289	44	24	capital	capital	NOUN
fbem-22289	44	25	expansion	expansion	NOUN
fbem-22289	44	26	.	.	PUNCT
fbem-22289	45	1	in	in	ADP
fbem-22289	45	2	july	july	PROPN
fbem-22289	45	3	2016	2016	NUM
fbem-22289	45	4	,	,	PUNCT
fbem-22289	45	5	sasac	sasac	NOUN
fbem-22289	45	6	approved	approve	VERB
fbem-22289	45	7	the	the	DET
fbem-22289	45	8	capital	capital	NOUN
fbem-22289	45	9	increase	increase	NOUN
fbem-22289	45	10	and	and	CCONJ
fbem-22289	45	11	share	share	VERB
fbem-22289	45	12	expansion	expansion	NOUN
fbem-22289	45	13	plan	plan	NOUN
fbem-22289	45	14	of	of	ADP
fbem-22289	45	15	baiyao	baiyao	ADJ
fbem-22289	45	16	holdings	holding	NOUN
fbem-22289	45	17	.	.	PUNCT
fbem-22289	46	1	in	in	ADP
fbem-22289	46	2	december	december	PROPN
fbem-22289	46	3	of	of	ADP
fbem-22289	46	4	the	the	DET
fbem-22289	46	5	same	same	ADJ
fbem-22289	46	6	year	year	NOUN
fbem-22289	46	7	,	,	PUNCT
fbem-22289	46	8	new	new	ADJ
fbem-22289	46	9	huadu	huadu	ADJ
fbem-22289	46	10	and	and	CCONJ
fbem-22289	46	11	yunnan	yunnan	PROPN
fbem-22289	46	12	province	province	PROPN
fbem-22289	46	13	sasac	sasac	NOUN
fbem-22289	46	14	reached	reach	VERB
fbem-22289	46	15	an	an	DET
fbem-22289	46	16	equity	equity	NOUN
fbem-22289	46	17	cooperation	cooperation	NOUN
fbem-22289	46	18	agreement	agreement	NOUN
fbem-22289	46	19	,	,	PUNCT
fbem-22289	46	20	and	and	CCONJ
fbem-22289	46	21	invested	invest	VERB
fbem-22289	46	22	25.37	25.37	NUM
fbem-22289	46	23	billion	billion	NUM
fbem-22289	46	24	yuan	yuan	NOUN
fbem-22289	46	25	,	,	PUNCT
fbem-22289	46	26	and	and	CCONJ
fbem-22289	46	27	completed	complete	VERB
fbem-22289	46	28	the	the	DET
fbem-22289	46	29	capital	capital	NOUN
fbem-22289	46	30	increase	increase	NOUN
fbem-22289	46	31	in	in	ADP
fbem-22289	46	32	march	march	PROPN
fbem-22289	46	33	of	of	ADP
fbem-22289	46	34	the	the	DET
fbem-22289	46	35	following	following	ADJ
fbem-22289	46	36	year	year	NOUN
fbem-22289	46	37	,	,	PUNCT
fbem-22289	46	38	with	with	ADP
fbem-22289	46	39	both	both	DET
fbem-22289	46	40	parties	party	NOUN
fbem-22289	46	41	holding	hold	VERB
fbem-22289	46	42	45	45	NUM
fbem-22289	46	43	%	%	NOUN
fbem-22289	46	44	equity	equity	NOUN
fbem-22289	46	45	.	.	PUNCT
fbem-22289	47	1	subsequently	subsequently	ADV
fbem-22289	47	2	,	,	PUNCT
fbem-22289	47	3	jiangsu	jiangsu	PROPN
fbem-22289	47	4	yuyue	yuyue	PROPN
fbem-22289	47	5	obtained	obtain	VERB
fbem-22289	47	6	10	10	NUM
fbem-22289	47	7	%	%	NOUN
fbem-22289	47	8	of	of	ADP
fbem-22289	47	9	yunnan	yunnan	PROPN
fbem-22289	47	10	baiyao	baiyao	PROPN
fbem-22289	47	11	's	's	PART
fbem-22289	47	12	equity	equity	NOUN
fbem-22289	47	13	through	through	ADP
fbem-22289	47	14	a	a	DET
fbem-22289	47	15	capital	capital	NOUN
fbem-22289	47	16	increase	increase	NOUN
fbem-22289	47	17	of	of	ADP
fbem-22289	47	18	5.638	5.638	NUM
fbem-22289	47	19	billion	billion	NUM
fbem-22289	47	20	yuan	yuan	NOUN
fbem-22289	47	21	in	in	ADP
fbem-22289	47	22	june	june	PROPN
fbem-22289	47	23	2017	2017	NUM
fbem-22289	47	24	,	,	PUNCT
fbem-22289	47	25	forming	form	VERB
fbem-22289	47	26	an	an	DET
fbem-22289	47	27	equity	equity	NOUN
fbem-22289	47	28	structure	structure	NOUN
fbem-22289	47	29	with	with	ADP
fbem-22289	47	30	yunnan	yunnan	PROPN
fbem-22289	47	31	sasac	sasac	NOUN
fbem-22289	47	32	,	,	PUNCT
fbem-22289	47	33	new	new	ADJ
fbem-22289	47	34	huadu	huadu	NOUN
fbem-22289	47	35	and	and	CCONJ
fbem-22289	47	36	jiangsu	jiangsu	PROPN
fbem-22289	47	37	yuyue	yuyue	PROPN
fbem-22289	47	38	holding	hold	VERB
fbem-22289	47	39	45	45	NUM
fbem-22289	47	40	%	%	NOUN
fbem-22289	47	41	,	,	PUNCT
fbem-22289	47	42	45	45	NUM
fbem-22289	47	43	%	%	NOUN
fbem-22289	47	44	and	and	CCONJ
fbem-22289	47	45	10	10	NUM
fbem-22289	47	46	%	%	NOUN
fbem-22289	47	47	respectively	respectively	ADV
fbem-22289	47	48	.	.	PUNCT
fbem-22289	48	1	in	in	ADP
fbem-22289	48	2	january	january	PROPN
fbem-22289	48	3	2018	2018	NUM
fbem-22289	48	4	,	,	PUNCT
fbem-22289	48	5	yunnan	yunnan	NOUN
fbem-22289	48	6	baiyao	baiyao	NOUN
fbem-22289	48	7	implemented	implement	VERB
fbem-22289	48	8	the	the	DET
fbem-22289	48	9	strategy	strategy	NOUN
fbem-22289	48	10	of	of	ADP
fbem-22289	48	11	absorbing	absorb	VERB
fbem-22289	48	12	and	and	CCONJ
fbem-22289	48	13	merging	merge	VERB
fbem-22289	48	14	the	the	DET
fbem-22289	48	15	holding	hold	VERB
fbem-22289	48	16	parent	parent	NOUN
fbem-22289	48	17	company	company	NOUN
fbem-22289	48	18	to	to	PART
fbem-22289	48	19	achieve	achieve	VERB
fbem-22289	48	20	the	the	DET
fbem-22289	48	21	overall	overall	ADJ
fbem-22289	48	22	listing	listing	NOUN
fbem-22289	48	23	,	,	PUNCT
fbem-22289	48	24	and	and	CCONJ
fbem-22289	48	25	this	this	DET
fbem-22289	48	26	strategy	strategy	NOUN
fbem-22289	48	27	was	be	AUX
fbem-22289	48	28	completed	complete	VERB
fbem-22289	48	29	in	in	ADP
fbem-22289	48	30	april	april	PROPN
fbem-22289	48	31	of	of	ADP
fbem-22289	48	32	the	the	DET
fbem-22289	48	33	following	following	ADJ
fbem-22289	48	34	year	year	NOUN
fbem-22289	48	35	,	,	PUNCT
fbem-22289	48	36	when	when	SCONJ
fbem-22289	48	37	the	the	DET
fbem-22289	48	38	shareholding	shareholding	NOUN
fbem-22289	48	39	ratio	ratio	NOUN
fbem-22289	48	40	of	of	ADP
fbem-22289	48	41	yunnan	yunnan	PROPN
fbem-22289	48	42	sasac	sasac	NOUN
fbem-22289	48	43	,	,	PUNCT
fbem-22289	48	44	new	new	ADJ
fbem-22289	48	45	huadu	huadu	NOUN
fbem-22289	48	46	and	and	CCONJ
fbem-22289	48	47	jiangsu	jiangsu	PROPN
fbem-22289	48	48	yuyue	yuyue	PROPN
fbem-22289	48	49	was	be	AUX
fbem-22289	48	50	adjusted	adjust	VERB
fbem-22289	48	51	to	to	ADP
fbem-22289	48	52	25.14	25.14	NUM
fbem-22289	48	53	%	%	NOUN
fbem-22289	48	54	,	,	PUNCT
fbem-22289	48	55	25.14	25.14	NUM
fbem-22289	48	56	%	%	NOUN
fbem-22289	48	57	and	and	CCONJ
fbem-22289	48	58	5.9	5.9	NUM
fbem-22289	48	59	%	%	NOUN
fbem-22289	48	60	.	.	PUNCT
fbem-22289	49	1	in	in	ADP
fbem-22289	49	2	addition	addition	NOUN
fbem-22289	49	3	,	,	PUNCT
fbem-22289	49	4	yunnan	yunnan	NOUN
fbem-22289	49	5	baiyao	baiyao	NOUN
fbem-22289	49	6	launched	launch	VERB
fbem-22289	49	7	an	an	DET
fbem-22289	49	8	employee	employee	NOUN
fbem-22289	49	9	stock	stock	NOUN
fbem-22289	49	10	ownership	ownership	NOUN
fbem-22289	49	11	incentive	incentive	NOUN
fbem-22289	49	12	plan	plan	NOUN
fbem-22289	49	13	in	in	ADP
fbem-22289	49	14	january	january	PROPN
fbem-22289	49	15	2018	2018	NUM
fbem-22289	49	16	to	to	PART
fbem-22289	49	17	buy	buy	VERB
fbem-22289	49	18	back	back	ADP
fbem-22289	49	19	company	company	NOUN
fbem-22289	49	20	shares	share	NOUN
fbem-22289	49	21	to	to	PART
fbem-22289	49	22	motivate	motivate	VERB
fbem-22289	49	23	employees	employee	NOUN
fbem-22289	49	24	.	.	PUNCT
fbem-22289	50	1	in	in	ADP
fbem-22289	50	2	march	march	PROPN
fbem-22289	50	3	2010	2010	NUM
fbem-22289	50	4	,	,	PUNCT
fbem-22289	50	5	the	the	DET
fbem-22289	50	6	company	company	NOUN
fbem-22289	50	7	again	again	ADV
fbem-22289	50	8	implemented	implement	VERB
fbem-22289	50	9	the	the	DET
fbem-22289	50	10	employee	employee	NOUN
fbem-22289	50	11	stock	stock	NOUN
fbem-22289	50	12	ownership	ownership	NOUN
fbem-22289	50	13	plan	plan	NOUN
fbem-22289	50	14	through	through	ADP
fbem-22289	50	15	share	share	NOUN
fbem-22289	50	16	buybacks	buyback	NOUN
fbem-22289	50	17	,	,	PUNCT
fbem-22289	50	18	which	which	PRON
fbem-22289	50	19	not	not	PART
fbem-22289	50	20	only	only	ADV
fbem-22289	50	21	stimulated	stimulate	VERB
fbem-22289	50	22	the	the	DET
fbem-22289	50	23	enthusiasm	enthusiasm	NOUN
fbem-22289	50	24	of	of	ADP
fbem-22289	50	25	employees	employee	NOUN
fbem-22289	50	26	,	,	PUNCT
fbem-22289	50	27	but	but	CCONJ
fbem-22289	50	28	also	also	ADV
fbem-22289	50	29	attracted	attract	VERB
fbem-22289	50	30	external	external	ADJ
fbem-22289	50	31	talents	talent	NOUN
fbem-22289	50	32	and	and	CCONJ
fbem-22289	50	33	established	establish	VERB
fbem-22289	50	34	a	a	DET
fbem-22289	50	35	sustainable	sustainable	ADJ
fbem-22289	50	36	incentive	incentive	NOUN
fbem-22289	50	37	mechanism	mechanism	NOUN
fbem-22289	50	38	.	.	PUNCT
fbem-22289	51	1	these	these	DET
fbem-22289	51	2	mixed	mixed	ADJ
fbem-22289	51	3	reform	reform	NOUN
fbem-22289	51	4	measures	measure	NOUN
fbem-22289	51	5	have	have	AUX
fbem-22289	51	6	jointly	jointly	ADV
fbem-22289	51	7	promoted	promote	VERB
fbem-22289	51	8	the	the	DET
fbem-22289	51	9	competitiveness	competitiveness	NOUN
fbem-22289	51	10	of	of	ADP
fbem-22289	51	11	yunnan	yunnan	NOUN
fbem-22289	51	12	baiyao	baiyao	NOUN
fbem-22289	51	13	in	in	ADP
fbem-22289	51	14	the	the	DET
fbem-22289	51	15	market	market	NOUN
fbem-22289	51	16	.	.	PUNCT
fbem-22289	52	1	4	4	X
fbem-22289	52	2	.	.	X
fbem-22289	52	3	the	the	DET
fbem-22289	52	4	influence	influence	NOUN
fbem-22289	52	5	of	of	ADP
fbem-22289	52	6	yunnan	yunnan	PROPN
fbem-22289	52	7	baiyao	baiyao	ADJ
fbem-22289	52	8	mixed	mixed	ADJ
fbem-22289	52	9	reform	reform	NOUN
fbem-22289	52	10	on	on	ADP
fbem-22289	52	11	the	the	DET
fbem-22289	52	12	financial	financial	ADJ
fbem-22289	52	13	performance	performance	NOUN
fbem-22289	52	14	of	of	ADP
fbem-22289	52	15	enterprises	enterprise	NOUN
fbem-22289	52	16	4.1	4.1	NUM
fbem-22289	52	17	.	.	PUNCT
fbem-22289	53	1	profitability	profitability	NOUN
fbem-22289	53	2	analysis	analysis	NOUN
fbem-22289	53	3	profitability	profitability	NOUN
fbem-22289	53	4	usually	usually	ADV
fbem-22289	53	5	refers	refer	VERB
fbem-22289	53	6	to	to	ADP
fbem-22289	53	7	the	the	DET
fbem-22289	53	8	ability	ability	NOUN
fbem-22289	53	9	of	of	ADP
fbem-22289	53	10	enterprises	enterprise	NOUN
fbem-22289	53	11	to	to	PART
fbem-22289	53	12	obtain	obtain	VERB
fbem-22289	53	13	profits	profit	NOUN
fbem-22289	53	14	within	within	ADP
fbem-22289	53	15	a	a	DET
fbem-22289	53	16	certain	certain	ADJ
fbem-22289	53	17	period	period	NOUN
fbem-22289	53	18	of	of	ADP
fbem-22289	53	19	time	time	NOUN
fbem-22289	53	20	.	.	PUNCT
fbem-22289	54	1	this	this	DET
fbem-22289	54	2	paper	paper	NOUN
fbem-22289	54	3	mainly	mainly	ADV
fbem-22289	54	4	chooses	choose	VERB
fbem-22289	54	5	net	net	ADJ
fbem-22289	54	6	interest	interest	NOUN
fbem-22289	54	7	rate	rate	NOUN
fbem-22289	54	8	,	,	PUNCT
fbem-22289	54	9	return	return	VERB
fbem-22289	54	10	on	on	ADP
fbem-22289	54	11	equity	equity	NOUN
fbem-22289	54	12	and	and	CCONJ
fbem-22289	54	13	return	return	VERB
fbem-22289	54	14	on	on	ADP
fbem-22289	54	15	total	total	ADJ
fbem-22289	54	16	assets	asset	NOUN
fbem-22289	54	17	as	as	ADP
fbem-22289	54	18	the	the	DET
fbem-22289	54	19	measurement	measurement	NOUN
fbem-22289	54	20	indicators	indicator	NOUN
fbem-22289	54	21	of	of	ADP
fbem-22289	54	22	profitability	profitability	NOUN
fbem-22289	54	23	.	.	PUNCT
fbem-22289	55	1	table	table	NOUN
fbem-22289	55	2	1	1	NUM
fbem-22289	55	3	.	.	PUNCT
fbem-22289	56	1	profitability	profitability	NOUN
fbem-22289	56	2	analysis	analysis	NOUN
fbem-22289	56	3	year	year	NOUN
fbem-22289	56	4	2015	2015	NUM
fbem-22289	56	5	2016	2016	NUM
fbem-22289	56	6	2017	2017	NUM
fbem-22289	56	7	2018	2018	NUM
fbem-22289	56	8	2019	2019	NUM
fbem-22289	56	9	2020	2020	NUM
fbem-22289	56	10	2021	2021	NUM
fbem-22289	56	11	2022	2022	NUM
fbem-22289	56	12	2023	2023	NUM
fbem-22289	56	13	net	net	ADJ
fbem-22289	56	14	profit	profit	NOUN
fbem-22289	56	15	margin	margin	NOUN
fbem-22289	56	16	(	(	PUNCT
fbem-22289	56	17	%	%	NOUN
fbem-22289	56	18	)	)	PUNCT
fbem-22289	56	19	13.29	13.29	NUM
fbem-22289	56	20	13.08	13.08	NUM
fbem-22289	56	21	12.88	12.88	NUM
fbem-22289	56	22	12.88	12.88	NUM
fbem-22289	56	23	14.07	14.07	NUM
fbem-22289	56	24	16.83	16.83	NUM
fbem-22289	56	25	7.69	7.69	NUM
fbem-22289	56	26	7.78	7.78	NUM
fbem-22289	56	27	10.54	10.54	NUM
fbem-22289	56	28	return	return	NOUN
fbem-22289	56	29	on	on	ADP
fbem-22289	56	30	equity	equity	NOUN
fbem-22289	56	31	(	(	PUNCT
fbem-22289	56	32	%	%	NOUN
fbem-22289	56	33	)	)	PUNCT
fbem-22289	56	34	22.43	22.43	NUM
fbem-22289	56	35	20.03	20.03	NUM
fbem-22289	56	36	7.92	7.92	NUM
fbem-22289	56	37	9.06	9.06	NUM
fbem-22289	56	38	10.31	10.31	NUM
fbem-22289	56	39	14.46	14.46	NUM
fbem-22289	56	40	7.58	7.58	NUM
fbem-22289	56	41	7.87	7.87	NUM
fbem-22289	56	42	10.51	10.51	NUM
fbem-22289	56	43	return	return	NOUN
fbem-22289	56	44	on	on	ADP
fbem-22289	56	45	total	total	ADJ
fbem-22289	56	46	assets	asset	NOUN
fbem-22289	56	47	(	(	PUNCT
fbem-22289	56	48	%	%	INTJ
fbem-22289	56	49	)	)	PUNCT
fbem-22289	56	50	15.47	15.47	NUM
fbem-22289	56	51	13.36	13.36	NUM
fbem-22289	56	52	11.98	11.98	NUM
fbem-22289	56	53	8.53	8.53	NUM
fbem-22289	56	54	8.06	8.06	NUM
fbem-22289	56	55	10.51	10.51	NUM
fbem-22289	56	56	5.2	5.2	NUM
fbem-22289	56	57	5.38	5.38	NUM
fbem-22289	56	58	7.7	7.7	NUM
fbem-22289	56	59	as	as	SCONJ
fbem-22289	56	60	can	can	AUX
fbem-22289	56	61	be	be	AUX
fbem-22289	56	62	seen	see	VERB
fbem-22289	56	63	from	from	ADP
fbem-22289	56	64	table	table	NOUN
fbem-22289	56	65	1	1	NUM
fbem-22289	56	66	,	,	PUNCT
fbem-22289	56	67	the	the	DET
fbem-22289	56	68	net	net	ADJ
fbem-22289	56	69	interest	interest	NOUN
fbem-22289	56	70	rate	rate	NOUN
fbem-22289	56	71	of	of	ADP
fbem-22289	56	72	yunnan	yunnan	PROPN
fbem-22289	56	73	baiyao	baiyao	PROPN
fbem-22289	56	74	stabilized	stabilize	VERB
fbem-22289	56	75	at	at	ADP
fbem-22289	56	76	about	about	ADV
fbem-22289	56	77	13	13	NUM
fbem-22289	56	78	%	%	NOUN
fbem-22289	56	79	after	after	ADP
fbem-22289	56	80	the	the	DET
fbem-22289	56	81	mixed	mixed	ADJ
fbem-22289	56	82	reform	reform	NOUN
fbem-22289	56	83	,	,	PUNCT
fbem-22289	56	84	indicating	indicate	VERB
fbem-22289	56	85	that	that	SCONJ
fbem-22289	56	86	the	the	DET
fbem-22289	56	87	product	product	NOUN
fbem-22289	56	88	structure	structure	NOUN
fbem-22289	56	89	did	do	AUX
fbem-22289	56	90	not	not	PART
fbem-22289	56	91	change	change	VERB
fbem-22289	56	92	significantly	significantly	ADV
fbem-22289	56	93	.	.	PUNCT
fbem-22289	57	1	however	however	ADV
fbem-22289	57	2	,	,	PUNCT
fbem-22289	57	3	net	net	ADJ
fbem-22289	57	4	profit	profit	NOUN
fbem-22289	57	5	,	,	PUNCT
fbem-22289	57	6	return	return	VERB
fbem-22289	57	7	on	on	ADP
fbem-22289	57	8	equity	equity	NOUN
fbem-22289	57	9	and	and	CCONJ
fbem-22289	57	10	return	return	VERB
fbem-22289	57	11	on	on	ADP
fbem-22289	57	12	total	total	ADJ
fbem-22289	57	13	assets	asset	NOUN
fbem-22289	57	14	declined	decline	VERB
fbem-22289	57	15	significantly	significantly	ADV
fbem-22289	57	16	in	in	ADP
fbem-22289	57	17	2010	2010	NUM
fbem-22289	57	18	,	,	PUNCT
fbem-22289	57	19	mainly	mainly	ADV
fbem-22289	57	20	due	due	ADP
fbem-22289	57	21	to	to	ADP
fbem-22289	57	22	two	two	NUM
fbem-22289	57	23	factors	factor	NOUN
fbem-22289	57	24	.	.	PUNCT
fbem-22289	58	1	the	the	DET
fbem-22289	58	2	first	first	ADJ
fbem-22289	58	3	is	be	AUX
fbem-22289	58	4	that	that	SCONJ
fbem-22289	58	5	the	the	DET
fbem-22289	58	6	market	market	NOUN
fbem-22289	58	7	value	value	NOUN
fbem-22289	58	8	of	of	ADP
fbem-22289	58	9	xiaomi	xiaomi	PROPN
fbem-22289	58	10	group	group	PROPN
fbem-22289	58	11	,	,	PUNCT
fbem-22289	58	12	hengrui	hengrui	PROPN
fbem-22289	58	13	medicine	medicine	PROPN
fbem-22289	58	14	,	,	PUNCT
fbem-22289	58	15	tencent	tencent	NOUN
fbem-22289	58	16	holdings	holding	NOUN
fbem-22289	58	17	and	and	CCONJ
fbem-22289	58	18	other	other	ADJ
fbem-22289	58	19	stocks	stock	NOUN
fbem-22289	58	20	held	hold	VERB
fbem-22289	58	21	by	by	ADP
fbem-22289	58	22	yunnan	yunnan	PROPN
fbem-22289	58	23	baiyao	baiyao	NOUN
fbem-22289	58	24	in	in	ADP
fbem-22289	58	25	201	201	NUM
fbem-22289	58	26	fell	fall	VERB
fbem-22289	58	27	sharply	sharply	ADV
fbem-22289	58	28	during	during	ADP
fbem-22289	58	29	the	the	DET
fbem-22289	58	30	reporting	reporting	NOUN
fbem-22289	58	31	period	period	NOUN
fbem-22289	58	32	,	,	PUNCT
fbem-22289	58	33	resulting	result	VERB
fbem-22289	58	34	in	in	ADP
fbem-22289	58	35	a	a	DET
fbem-22289	58	36	loss	loss	NOUN
fbem-22289	58	37	of	of	ADP
fbem-22289	58	38	about	about	ADP
fbem-22289	58	39	1.614	1.614	NUM
fbem-22289	58	40	billion	billion	NUM
fbem-22289	58	41	yuan	yuan	NOUN
fbem-22289	58	42	,	,	PUNCT
fbem-22289	58	43	which	which	PRON
fbem-22289	58	44	is	be	AUX
fbem-22289	58	45	the	the	DET
fbem-22289	58	46	main	main	ADJ
fbem-22289	58	47	reason	reason	NOUN
fbem-22289	58	48	for	for	ADP
fbem-22289	58	49	its	its	PRON
fbem-22289	58	50	net	net	ADJ
fbem-22289	58	51	profit	profit	NOUN
fbem-22289	58	52	nearly	nearly	ADV
fbem-22289	58	53	halved	halve	VERB
fbem-22289	58	54	.	.	PUNCT
fbem-22289	59	1	secondly	secondly	ADV
fbem-22289	59	2	,	,	PUNCT
fbem-22289	59	3	in	in	ADP
fbem-22289	59	4	the	the	DET
fbem-22289	59	5	non	non	ADJ
fbem-22289	59	6	-	-	ADJ
fbem-22289	59	7	main	main	ADJ
fbem-22289	59	8	business	business	NOUN
fbem-22289	59	9	,	,	PUNCT
fbem-22289	59	10	yunnan	yunnan	PROPN
fbem-22289	59	11	baiyao	baiyao	PROPN
fbem-22289	59	12	's	's	PART
fbem-22289	59	13	fair	fair	ADJ
fbem-22289	59	14	value	value	NOUN
fbem-22289	59	15	change	change	NOUN
fbem-22289	59	16	profit	profit	NOUN
fbem-22289	59	17	and	and	CCONJ
fbem-22289	59	18	loss	loss	NOUN
fbem-22289	59	19	decreased	decrease	VERB
fbem-22289	59	20	significantly	significantly	ADV
fbem-22289	59	21	by	by	ADP
fbem-22289	59	22	about	about	ADP
fbem-22289	59	23	1.929	1.929	NUM
fbem-22289	59	24	billion	billion	NUM
fbem-22289	59	25	yuan	yuan	NOUN
fbem-22289	59	26	,	,	PUNCT
fbem-22289	59	27	accounting	account	VERB
fbem-22289	59	28	for	for	ADP
fbem-22289	59	29	5.41	5.41	NUM
fbem-22289	59	30	%	%	NOUN
fbem-22289	59	31	of	of	ADP
fbem-22289	59	32	its	its	PRON
fbem-22289	59	33	total	total	ADJ
fbem-22289	59	34	profit	profit	NOUN
fbem-22289	59	35	,	,	PUNCT
fbem-22289	59	36	which	which	PRON
fbem-22289	59	37	significantly	significantly	ADV
fbem-22289	59	38	affected	affect	VERB
fbem-22289	59	39	its	its	PRON
fbem-22289	59	40	return	return	NOUN
fbem-22289	59	41	rate	rate	NOUN
fbem-22289	59	42	.	.	PUNCT
fbem-22289	60	1	4.2	4.2	NUM
fbem-22289	60	2	.	.	PUNCT
fbem-22289	61	1	development	development	NOUN
fbem-22289	61	2	ability	ability	NOUN
fbem-22289	61	3	analysis	analysis	NOUN
fbem-22289	61	4	the	the	DET
fbem-22289	61	5	ability	ability	NOUN
fbem-22289	61	6	to	to	PART
fbem-22289	61	7	develop	develop	VERB
fbem-22289	61	8	is	be	AUX
fbem-22289	61	9	the	the	DET
fbem-22289	61	10	key	key	ADJ
fbem-22289	61	11	potential	potential	NOUN
fbem-22289	61	12	for	for	ADP
fbem-22289	61	13	an	an	DET
fbem-22289	61	14	enterprise	enterprise	NOUN
fbem-22289	61	15	to	to	PART
fbem-22289	61	16	survive	survive	VERB
fbem-22289	61	17	and	and	CCONJ
fbem-22289	61	18	continue	continue	VERB
fbem-22289	61	19	to	to	PART
fbem-22289	61	20	grow	grow	VERB
fbem-22289	61	21	.	.	PUNCT
fbem-22289	62	1	in	in	ADP
fbem-22289	62	2	order	order	NOUN
fbem-22289	62	3	to	to	PART
fbem-22289	62	4	evaluate	evaluate	VERB
fbem-22289	62	5	this	this	DET
fbem-22289	62	6	ability	ability	NOUN
fbem-22289	62	7	,	,	PUNCT
fbem-22289	62	8	this	this	DET
fbem-22289	62	9	paper	paper	NOUN
fbem-22289	62	10	uses	use	VERB
fbem-22289	62	11	the	the	DET
fbem-22289	62	12	growth	growth	NOUN
fbem-22289	62	13	rate	rate	NOUN
fbem-22289	62	14	of	of	ADP
fbem-22289	62	15	operating	operate	VERB
fbem-22289	62	16	income	income	NOUN
fbem-22289	62	17	and	and	CCONJ
fbem-22289	62	18	the	the	DET
fbem-22289	62	19	growth	growth	NOUN
fbem-22289	62	20	rate	rate	NOUN
fbem-22289	62	21	of	of	ADP
fbem-22289	62	22	attributable	attributable	ADJ
fbem-22289	62	23	net	net	ADJ
fbem-22289	62	24	interest	interest	NOUN
fbem-22289	62	25	rate	rate	NOUN
fbem-22289	62	26	as	as	ADP
fbem-22289	62	27	measurement	measurement	NOUN
fbem-22289	62	28	indicators	indicator	NOUN
fbem-22289	62	29	to	to	PART
fbem-22289	62	30	analyze	analyze	VERB
fbem-22289	62	31	the	the	DET
fbem-22289	62	32	growth	growth	NOUN
fbem-22289	62	33	potential	potential	NOUN
fbem-22289	62	34	of	of	ADP
fbem-22289	62	35	enterprises	enterprise	NOUN
fbem-22289	62	36	.	.	PUNCT
fbem-22289	63	1	251	251	NUM
fbem-22289	63	2	table	table	NOUN
fbem-22289	63	3	2	2	NUM
fbem-22289	63	4	.	.	PUNCT
fbem-22289	63	5	development	development	NOUN
fbem-22289	63	6	ability	ability	NOUN
fbem-22289	63	7	analysis	analysis	NOUN
fbem-22289	63	8	year	year	NOUN
fbem-22289	63	9	2015	2015	NUM
fbem-22289	63	10	2016	2016	NUM
fbem-22289	63	11	2017	2017	NUM
fbem-22289	63	12	2018	2018	NUM
fbem-22289	63	13	2019	2019	NUM
fbem-22289	63	14	2020	2020	NUM
fbem-22289	63	15	2021	2021	NUM
fbem-22289	63	16	2022	2022	NUM
fbem-22289	63	17	2023	2023	NUM
fbem-22289	63	18	growth	growth	NOUN
fbem-22289	63	19	rate	rate	NOUN
fbem-22289	63	20	of	of	ADP
fbem-22289	63	21	operating	operate	VERB
fbem-22289	63	22	income	income	NOUN
fbem-22289	63	23	(	(	PUNCT
fbem-22289	63	24	%	%	NOUN
fbem-22289	63	25	)	)	PUNCT
fbem-22289	63	26	10.22	10.22	NUM
fbem-22289	63	27	8.06	8.06	NUM
fbem-22289	63	28	8.5	8.5	NUM
fbem-22289	63	29	11.11	11.11	NUM
fbem-22289	63	30	9.80	9.80	NUM
fbem-22289	63	31	10.38	10.38	NUM
fbem-22289	63	32	11.09	11.09	NUM
fbem-22289	63	33	0.31	0.31	NUM
fbem-22289	63	34	7.19	7.19	NUM
fbem-22289	63	35	growth	growth	NOUN
fbem-22289	63	36	rate	rate	NOUN
fbem-22289	63	37	of	of	ADP
fbem-22289	63	38	attributable	attributable	ADJ
fbem-22289	63	39	net	net	ADJ
fbem-22289	63	40	profit	profit	NOUN
fbem-22289	63	41	(	(	PUNCT
fbem-22289	63	42	%	%	NOUN
fbem-22289	63	43	)	)	PUNCT
fbem-22289	63	44	10.56	10.56	NUM
fbem-22289	63	45	5.38	5.38	NUM
fbem-22289	63	46	7.71	7.71	NUM
fbem-22289	63	47	11.09	11.09	NUM
fbem-22289	63	48	19.75	19.75	NUM
fbem-22289	63	49	31.85	31.85	NUM
fbem-22289	63	50	-49.15	-49.15	PROPN
fbem-22289	63	51	7	7	NUM
fbem-22289	63	52	36.41	36.41	NUM
fbem-22289	63	53	as	as	SCONJ
fbem-22289	63	54	can	can	AUX
fbem-22289	63	55	be	be	AUX
fbem-22289	63	56	seen	see	VERB
fbem-22289	63	57	from	from	ADP
fbem-22289	63	58	table	table	NOUN
fbem-22289	63	59	2	2	NUM
fbem-22289	63	60	,	,	PUNCT
fbem-22289	63	61	after	after	SCONJ
fbem-22289	63	62	yunnan	yunnan	PROPN
fbem-22289	63	63	baiyao	baiyao	PROPN
fbem-22289	63	64	completed	complete	VERB
fbem-22289	63	65	the	the	DET
fbem-22289	63	66	mixed	mixed	ADJ
fbem-22289	63	67	reform	reform	NOUN
fbem-22289	63	68	in	in	ADP
fbem-22289	63	69	2017	2017	NUM
fbem-22289	63	70	,	,	PUNCT
fbem-22289	63	71	the	the	DET
fbem-22289	63	72	growth	growth	NOUN
fbem-22289	63	73	rate	rate	NOUN
fbem-22289	63	74	of	of	ADP
fbem-22289	63	75	operating	operate	VERB
fbem-22289	63	76	income	income	NOUN
fbem-22289	63	77	continued	continue	VERB
fbem-22289	63	78	to	to	PART
fbem-22289	63	79	be	be	AUX
fbem-22289	63	80	high	high	ADJ
fbem-22289	63	81	,	,	PUNCT
fbem-22289	63	82	especially	especially	ADV
fbem-22289	63	83	in	in	ADP
fbem-22289	63	84	2018	2018	NUM
fbem-22289	63	85	,	,	PUNCT
fbem-22289	63	86	the	the	DET
fbem-22289	63	87	growth	growth	NOUN
fbem-22289	63	88	rate	rate	NOUN
fbem-22289	63	89	reached	reach	VERB
fbem-22289	63	90	1.1	1.1	NUM
fbem-22289	63	91	%	%	NOUN
fbem-22289	63	92	,	,	PUNCT
fbem-22289	63	93	which	which	PRON
fbem-22289	63	94	was	be	AUX
fbem-22289	63	95	significantly	significantly	ADV
fbem-22289	63	96	higher	high	ADJ
fbem-22289	63	97	than	than	ADP
fbem-22289	63	98	before	before	ADP
fbem-22289	63	99	the	the	DET
fbem-22289	63	100	mixed	mixed	ADJ
fbem-22289	63	101	reform	reform	NOUN
fbem-22289	63	102	,	,	PUNCT
fbem-22289	63	103	indicating	indicate	VERB
fbem-22289	63	104	that	that	SCONJ
fbem-22289	63	105	the	the	DET
fbem-22289	63	106	mixed	mixed	ADJ
fbem-22289	63	107	reform	reform	NOUN
fbem-22289	63	108	had	have	VERB
fbem-22289	63	109	a	a	DET
fbem-22289	63	110	positive	positive	ADJ
fbem-22289	63	111	effect	effect	NOUN
fbem-22289	63	112	on	on	ADP
fbem-22289	63	113	the	the	DET
fbem-22289	63	114	development	development	NOUN
fbem-22289	63	115	of	of	ADP
fbem-22289	63	116	enterprises	enterprise	NOUN
fbem-22289	63	117	.	.	PUNCT
fbem-22289	64	1	however	however	ADV
fbem-22289	64	2	,	,	PUNCT
fbem-22289	64	3	although	although	SCONJ
fbem-22289	64	4	the	the	DET
fbem-22289	64	5	growth	growth	NOUN
fbem-22289	64	6	rate	rate	NOUN
fbem-22289	64	7	of	of	ADP
fbem-22289	64	8	attributable	attributable	ADJ
fbem-22289	64	9	net	net	ADJ
fbem-22289	64	10	profit	profit	NOUN
fbem-22289	64	11	showed	show	VERB
fbem-22289	64	12	an	an	DET
fbem-22289	64	13	upward	upward	ADJ
fbem-22289	64	14	trend	trend	NOUN
fbem-22289	64	15	after	after	ADP
fbem-22289	64	16	the	the	DET
fbem-22289	64	17	mixed	mixed	ADJ
fbem-22289	64	18	reform	reform	NOUN
fbem-22289	64	19	,	,	PUNCT
fbem-22289	64	20	it	it	PRON
fbem-22289	64	21	turned	turn	VERB
fbem-22289	64	22	negative	negative	ADJ
fbem-22289	64	23	in	in	ADP
fbem-22289	64	24	201	201	NUM
fbem-22289	64	25	.	.	PUNCT
fbem-22289	65	1	this	this	DET
fbem-22289	65	2	performance	performance	NOUN
fbem-22289	65	3	was	be	AUX
fbem-22289	65	4	mainly	mainly	ADV
fbem-22289	65	5	affected	affect	VERB
fbem-22289	65	6	by	by	ADP
fbem-22289	65	7	the	the	DET
fbem-22289	65	8	failure	failure	NOUN
fbem-22289	65	9	of	of	ADP
fbem-22289	65	10	securities	security	NOUN
fbem-22289	65	11	investment	investment	NOUN
fbem-22289	65	12	business	business	NOUN
fbem-22289	65	13	,	,	PUNCT
fbem-22289	65	14	and	and	CCONJ
fbem-22289	65	15	the	the	DET
fbem-22289	65	16	changes	change	NOUN
fbem-22289	65	17	in	in	ADP
fbem-22289	65	18	the	the	DET
fbem-22289	65	19	net	net	ADJ
fbem-22289	65	20	value	value	NOUN
fbem-22289	65	21	of	of	ADP
fbem-22289	65	22	some	some	DET
fbem-22289	65	23	securities	security	NOUN
fbem-22289	65	24	and	and	CCONJ
fbem-22289	65	25	funds	fund	NOUN
fbem-22289	65	26	held	hold	VERB
fbem-22289	65	27	by	by	ADP
fbem-22289	65	28	the	the	DET
fbem-22289	65	29	company	company	NOUN
fbem-22289	65	30	resulted	result	VERB
fbem-22289	65	31	in	in	ADP
fbem-22289	65	32	the	the	DET
fbem-22289	65	33	loss	loss	NOUN
fbem-22289	65	34	of	of	ADP
fbem-22289	65	35	fair	fair	ADJ
fbem-22289	65	36	value	value	NOUN
fbem-22289	65	37	changes	change	NOUN
fbem-22289	65	38	.	.	PUNCT
fbem-22289	66	1	therefore	therefore	ADV
fbem-22289	66	2	,	,	PUNCT
fbem-22289	66	3	investment	investment	NOUN
fbem-22289	66	4	activities	activity	NOUN
fbem-22289	66	5	have	have	VERB
fbem-22289	66	6	a	a	DET
fbem-22289	66	7	considerable	considerable	ADJ
fbem-22289	66	8	impact	impact	NOUN
fbem-22289	66	9	on	on	ADP
fbem-22289	66	10	the	the	DET
fbem-22289	66	11	indicators	indicator	NOUN
fbem-22289	66	12	of	of	ADP
fbem-22289	66	13	the	the	DET
fbem-22289	66	14	company	company	NOUN
fbem-22289	66	15	's	's	PART
fbem-22289	66	16	development	development	NOUN
fbem-22289	66	17	ability	ability	NOUN
fbem-22289	66	18	to	to	ADP
fbem-22289	66	19	a	a	DET
fbem-22289	66	20	certain	certain	ADJ
fbem-22289	66	21	extent	extent	NOUN
fbem-22289	66	22	.	.	PUNCT
fbem-22289	67	1	4.3	4.3	NUM
fbem-22289	67	2	.	.	PUNCT
fbem-22289	68	1	solvency	solvency	NOUN
fbem-22289	68	2	analysis	analysis	NOUN
fbem-22289	68	3	in	in	ADP
fbem-22289	68	4	order	order	NOUN
fbem-22289	68	5	to	to	PART
fbem-22289	68	6	evaluate	evaluate	VERB
fbem-22289	68	7	the	the	DET
fbem-22289	68	8	impact	impact	NOUN
fbem-22289	68	9	of	of	ADP
fbem-22289	68	10	mixed	mixed	ADJ
fbem-22289	68	11	reform	reform	NOUN
fbem-22289	68	12	on	on	ADP
fbem-22289	68	13	the	the	DET
fbem-22289	68	14	solvency	solvency	NOUN
fbem-22289	68	15	of	of	ADP
fbem-22289	68	16	enterprises	enterprise	NOUN
fbem-22289	68	17	,	,	PUNCT
fbem-22289	68	18	this	this	DET
fbem-22289	68	19	paper	paper	NOUN
fbem-22289	68	20	selected	select	VERB
fbem-22289	68	21	the	the	DET
fbem-22289	68	22	asset	asset	NOUN
fbem-22289	68	23	-	-	PUNCT
fbem-22289	68	24	liability	liability	NOUN
fbem-22289	68	25	ratio	ratio	NOUN
fbem-22289	68	26	in	in	ADP
fbem-22289	68	27	the	the	DET
fbem-22289	68	28	long	long	ADJ
fbem-22289	68	29	-	-	PUNCT
fbem-22289	68	30	term	term	NOUN
fbem-22289	68	31	solvency	solvency	NOUN
fbem-22289	68	32	index	index	NOUN
fbem-22289	68	33	,	,	PUNCT
fbem-22289	68	34	and	and	CCONJ
fbem-22289	68	35	the	the	DET
fbem-22289	68	36	current	current	ADJ
fbem-22289	68	37	ratio	ratio	NOUN
fbem-22289	68	38	and	and	CCONJ
fbem-22289	68	39	quick	quick	ADJ
fbem-22289	68	40	ratio	ratio	NOUN
fbem-22289	68	41	in	in	ADP
fbem-22289	68	42	the	the	DET
fbem-22289	68	43	short	short	ADJ
fbem-22289	68	44	-	-	PUNCT
fbem-22289	68	45	term	term	NOUN
fbem-22289	68	46	solvency	solvency	NOUN
fbem-22289	68	47	index	index	NOUN
fbem-22289	68	48	as	as	ADP
fbem-22289	68	49	analysis	analysis	NOUN
fbem-22289	68	50	tools	tool	NOUN
fbem-22289	68	51	.	.	PUNCT
fbem-22289	69	1	these	these	DET
fbem-22289	69	2	indicators	indicator	NOUN
fbem-22289	69	3	will	will	AUX
fbem-22289	69	4	help	help	VERB
fbem-22289	69	5	us	we	PRON
fbem-22289	69	6	deeply	deeply	ADV
fbem-22289	69	7	understand	understand	VERB
fbem-22289	69	8	the	the	DET
fbem-22289	69	9	specific	specific	ADJ
fbem-22289	69	10	effect	effect	NOUN
fbem-22289	69	11	of	of	ADP
fbem-22289	69	12	mixed	mixed	ADJ
fbem-22289	69	13	reform	reform	NOUN
fbem-22289	69	14	on	on	ADP
fbem-22289	69	15	the	the	DET
fbem-22289	69	16	financial	financial	ADJ
fbem-22289	69	17	soundness	soundness	NOUN
fbem-22289	69	18	of	of	ADP
fbem-22289	69	19	enterprises	enterprise	NOUN
fbem-22289	69	20	.	.	PUNCT
fbem-22289	70	1	table	table	NOUN
fbem-22289	70	2	3	3	NUM
fbem-22289	70	3	.	.	PUNCT
fbem-22289	71	1	solvency	solvency	NOUN
fbem-22289	71	2	analysis	analysis	NOUN
fbem-22289	71	3	year	year	NOUN
fbem-22289	71	4	2015	2015	NUM
fbem-22289	71	5	2016	2016	NUM
fbem-22289	71	6	2017	2017	NUM
fbem-22289	71	7	2018	2018	NUM
fbem-22289	71	8	2019	2019	NUM
fbem-22289	71	9	2020	2020	NUM
fbem-22289	71	10	2021	2021	NUM
fbem-22289	71	11	2022	2022	NUM
fbem-22289	71	12	2023	2023	NUM
fbem-22289	71	13	debt	debt	NOUN
fbem-22289	71	14	-	-	PUNCT
fbem-22289	71	15	to	to	ADP
fbem-22289	71	16	-	-	PUNCT
fbem-22289	71	17	asset	asset	NOUN
fbem-22289	71	18	ratio	ratio	NOUN
fbem-22289	71	19	(	(	PUNCT
fbem-22289	71	20	%	%	INTJ
fbem-22289	71	21	)	)	PUNCT
fbem-22289	71	22	29.87	29.87	NUM
fbem-22289	71	23	35.56	35.56	NUM
fbem-22289	71	24	34.51	34.51	NUM
fbem-22289	71	25	25.84	25.84	NUM
fbem-22289	71	26	23.28	23.28	NUM
fbem-22289	71	27	30.56	30.56	NUM
fbem-22289	71	28	26.56	26.56	NUM
fbem-22289	71	29	27.75	27.75	NUM
fbem-22289	71	30	25.80	25.80	NUM
fbem-22289	71	31	liquidity	liquidity	NOUN
fbem-22289	71	32	ratio	ratio	NOUN
fbem-22289	71	33	(	(	PUNCT
fbem-22289	71	34	%	%	INTJ
fbem-22289	71	35	)	)	PUNCT
fbem-22289	71	36	3.615	3.615	NUM
fbem-22289	71	37	3.277	3.277	NUM
fbem-22289	71	38	3.336	3.336	NUM
fbem-22289	71	39	3.79	3.79	NUM
fbem-22289	71	40	4.649	4.649	NUM
fbem-22289	71	41	3.15	3.15	NUM
fbem-22289	71	42	3.578	3.578	NUM
fbem-22289	71	43	2.631	2.631	NUM
fbem-22289	71	44	2.851	2.851	NUM
fbem-22289	71	45	quick	quick	ADJ
fbem-22289	71	46	ratio	ratio	NOUN
fbem-22289	71	47	(	(	PUNCT
fbem-22289	71	48	%	%	INTJ
fbem-22289	71	49	)	)	PUNCT
fbem-22289	71	50	2.412	2.412	NUM
fbem-22289	71	51	2.25	2.25	NUM
fbem-22289	71	52	2.185	2.185	NUM
fbem-22289	71	53	2.938	2.938	NUM
fbem-22289	71	54	3.428	3.428	NUM
fbem-22289	71	55	2.448	2.448	NUM
fbem-22289	71	56	2.919	2.919	NUM
fbem-22289	71	57	2.042	2.042	NUM
fbem-22289	71	58	2.345	2.345	NUM
fbem-22289	71	59	it	it	PRON
fbem-22289	71	60	can	can	AUX
fbem-22289	71	61	be	be	AUX
fbem-22289	71	62	seen	see	VERB
fbem-22289	71	63	from	from	ADP
fbem-22289	71	64	table	table	NOUN
fbem-22289	71	65	3	3	NUM
fbem-22289	71	66	that	that	SCONJ
fbem-22289	71	67	the	the	DET
fbem-22289	71	68	current	current	ADJ
fbem-22289	71	69	ratio	ratio	NOUN
fbem-22289	71	70	and	and	CCONJ
fbem-22289	71	71	quick	quick	ADJ
fbem-22289	71	72	ratio	ratio	NOUN
fbem-22289	71	73	of	of	ADP
fbem-22289	71	74	yunnan	yunnan	NOUN
fbem-22289	71	75	baiyao	baiyao	NOUN
fbem-22289	71	76	from	from	ADP
fbem-22289	71	77	2015	2015	NUM
fbem-22289	71	78	to	to	ADP
fbem-22289	71	79	2018	2018	NUM
fbem-22289	71	80	showed	show	VERB
fbem-22289	71	81	a	a	DET
fbem-22289	71	82	stable	stable	ADJ
fbem-22289	71	83	posture	posture	NOUN
fbem-22289	71	84	,	,	PUNCT
fbem-22289	71	85	maintaining	maintain	VERB
fbem-22289	71	86	a	a	DET
fbem-22289	71	87	good	good	ADJ
fbem-22289	71	88	level	level	NOUN
fbem-22289	71	89	of	of	ADP
fbem-22289	71	90	short	short	ADJ
fbem-22289	71	91	-	-	PUNCT
fbem-22289	71	92	term	term	NOUN
fbem-22289	71	93	solvency	solvency	NOUN
fbem-22289	71	94	.	.	PUNCT
fbem-22289	72	1	after	after	ADP
fbem-22289	72	2	the	the	DET
fbem-22289	72	3	completion	completion	NOUN
fbem-22289	72	4	of	of	ADP
fbem-22289	72	5	the	the	DET
fbem-22289	72	6	mixed	mixed	ADJ
fbem-22289	72	7	reform	reform	NOUN
fbem-22289	72	8	in	in	ADP
fbem-22289	72	9	2019	2019	NUM
fbem-22289	72	10	,	,	PUNCT
fbem-22289	72	11	new	new	ADJ
fbem-22289	72	12	strategic	strategic	ADJ
fbem-22289	72	13	investors	investor	NOUN
fbem-22289	72	14	were	be	AUX
fbem-22289	72	15	introduced	introduce	VERB
fbem-22289	72	16	,	,	PUNCT
fbem-22289	72	17	which	which	PRON
fbem-22289	72	18	brought	bring	VERB
fbem-22289	72	19	more	more	ADJ
fbem-22289	72	20	capital	capital	NOUN
fbem-22289	72	21	and	and	CCONJ
fbem-22289	72	22	resources	resource	NOUN
fbem-22289	72	23	to	to	ADP
fbem-22289	72	24	the	the	DET
fbem-22289	72	25	company	company	NOUN
fbem-22289	72	26	,	,	PUNCT
fbem-22289	72	27	and	and	CCONJ
fbem-22289	72	28	the	the	DET
fbem-22289	72	29	addition	addition	NOUN
fbem-22289	72	30	of	of	ADP
fbem-22289	72	31	private	private	ADJ
fbem-22289	72	32	capital	capital	NOUN
fbem-22289	72	33	enhanced	enhance	VERB
fbem-22289	72	34	the	the	DET
fbem-22289	72	35	company	company	NOUN
fbem-22289	72	36	's	's	PART
fbem-22289	72	37	solvency	solvency	NOUN
fbem-22289	72	38	.	.	PUNCT
fbem-22289	73	1	moreover	moreover	ADV
fbem-22289	73	2	,	,	PUNCT
fbem-22289	73	3	the	the	DET
fbem-22289	73	4	mixed	mixed	ADJ
fbem-22289	73	5	reform	reform	NOUN
fbem-22289	73	6	may	may	AUX
fbem-22289	73	7	promote	promote	VERB
fbem-22289	73	8	the	the	DET
fbem-22289	73	9	company	company	NOUN
fbem-22289	73	10	's	's	PART
fbem-22289	73	11	business	business	NOUN
fbem-22289	73	12	restructuring	restructuring	NOUN
fbem-22289	73	13	and	and	CCONJ
fbem-22289	73	14	optimization	optimization	NOUN
fbem-22289	73	15	,	,	PUNCT
fbem-22289	73	16	improve	improve	VERB
fbem-22289	73	17	the	the	DET
fbem-22289	73	18	utilization	utilization	NOUN
fbem-22289	73	19	efficiency	efficiency	NOUN
fbem-22289	73	20	of	of	ADP
fbem-22289	73	21	assets	asset	NOUN
fbem-22289	73	22	,	,	PUNCT
fbem-22289	73	23	and	and	CCONJ
fbem-22289	73	24	further	far	ADV
fbem-22289	73	25	enhance	enhance	VERB
fbem-22289	73	26	the	the	DET
fbem-22289	73	27	company	company	NOUN
fbem-22289	73	28	's	's	PART
fbem-22289	73	29	liquidity	liquidity	NOUN
fbem-22289	73	30	.	.	PUNCT
fbem-22289	74	1	in	in	ADP
fbem-22289	74	2	addition	addition	NOUN
fbem-22289	74	3	,	,	PUNCT
fbem-22289	74	4	the	the	DET
fbem-22289	74	5	company	company	NOUN
fbem-22289	74	6	's	's	PART
fbem-22289	74	7	governance	governance	NOUN
fbem-22289	74	8	structure	structure	NOUN
fbem-22289	74	9	and	and	CCONJ
fbem-22289	74	10	management	management	NOUN
fbem-22289	74	11	mechanism	mechanism	NOUN
fbem-22289	74	12	may	may	AUX
fbem-22289	74	13	be	be	AUX
fbem-22289	74	14	improved	improve	VERB
fbem-22289	74	15	,	,	PUNCT
fbem-22289	74	16	improving	improve	VERB
fbem-22289	74	17	the	the	DET
fbem-22289	74	18	company	company	NOUN
fbem-22289	74	19	's	's	PART
fbem-22289	74	20	operational	operational	ADJ
fbem-22289	74	21	efficiency	efficiency	NOUN
fbem-22289	74	22	and	and	CCONJ
fbem-22289	74	23	management	management	NOUN
fbem-22289	74	24	level	level	NOUN
fbem-22289	74	25	,	,	PUNCT
fbem-22289	74	26	and	and	CCONJ
fbem-22289	74	27	also	also	ADV
fbem-22289	74	28	helping	help	VERB
fbem-22289	74	29	to	to	PART
fbem-22289	74	30	improve	improve	VERB
fbem-22289	74	31	the	the	DET
fbem-22289	74	32	current	current	ADJ
fbem-22289	74	33	ratio	ratio	NOUN
fbem-22289	74	34	and	and	CCONJ
fbem-22289	74	35	quick	quick	ADJ
fbem-22289	74	36	ratio	ratio	NOUN
fbem-22289	74	37	.	.	PUNCT
fbem-22289	75	1	before	before	ADP
fbem-22289	75	2	the	the	DET
fbem-22289	75	3	mixed	mixed	ADJ
fbem-22289	75	4	reform	reform	NOUN
fbem-22289	75	5	,	,	PUNCT
fbem-22289	75	6	yunnan	yunnan	PROPN
fbem-22289	75	7	baiyao	baiyao	PROPN
fbem-22289	75	8	's	's	PART
fbem-22289	75	9	asset	asset	NOUN
fbem-22289	75	10	-	-	PUNCT
fbem-22289	75	11	liability	liability	NOUN
fbem-22289	75	12	ratio	ratio	NOUN
fbem-22289	75	13	was	be	AUX
fbem-22289	75	14	stable	stable	ADJ
fbem-22289	75	15	at	at	ADP
fbem-22289	75	16	about	about	ADV
fbem-22289	75	17	30	30	NUM
fbem-22289	75	18	%	%	NOUN
fbem-22289	75	19	.	.	PUNCT
fbem-22289	76	1	with	with	ADP
fbem-22289	76	2	the	the	DET
fbem-22289	76	3	injection	injection	NOUN
fbem-22289	76	4	of	of	ADP
fbem-22289	76	5	private	private	ADJ
fbem-22289	76	6	capital	capital	NOUN
fbem-22289	76	7	,	,	PUNCT
fbem-22289	76	8	the	the	DET
fbem-22289	76	9	debt	debt	NOUN
fbem-22289	76	10	-	-	PUNCT
fbem-22289	76	11	to	to	ADP
fbem-22289	76	12	-	-	PUNCT
fbem-22289	76	13	asset	asset	NOUN
fbem-22289	76	14	ratio	ratio	NOUN
fbem-22289	76	15	dropped	drop	VERB
fbem-22289	76	16	significantly	significantly	ADV
fbem-22289	76	17	to	to	ADP
fbem-22289	76	18	25	25	NUM
fbem-22289	76	19	%	%	NOUN
fbem-22289	76	20	.	.	PUNCT
fbem-22289	77	1	however	however	ADV
fbem-22289	77	2	,	,	PUNCT
fbem-22289	77	3	the	the	DET
fbem-22289	77	4	surge	surge	NOUN
fbem-22289	77	5	in	in	ADP
fbem-22289	77	6	borrowing	borrowing	NOUN
fbem-22289	77	7	caused	cause	VERB
fbem-22289	77	8	by	by	ADP
fbem-22289	77	9	the	the	DET
fbem-22289	77	10	epidemic	epidemic	NOUN
fbem-22289	77	11	in	in	ADP
fbem-22289	77	12	2019	2019	NUM
fbem-22289	77	13	has	have	AUX
fbem-22289	77	14	led	lead	VERB
fbem-22289	77	15	to	to	ADP
fbem-22289	77	16	a	a	DET
fbem-22289	77	17	rapid	rapid	ADJ
fbem-22289	77	18	recovery	recovery	NOUN
fbem-22289	77	19	in	in	ADP
fbem-22289	77	20	the	the	DET
fbem-22289	77	21	debt	debt	NOUN
fbem-22289	77	22	-	-	PUNCT
fbem-22289	77	23	to	to	ADP
fbem-22289	77	24	-	-	PUNCT
fbem-22289	77	25	asset	asset	NOUN
fbem-22289	77	26	ratio	ratio	NOUN
fbem-22289	77	27	.	.	PUNCT
fbem-22289	78	1	however	however	ADV
fbem-22289	78	2	,	,	PUNCT
fbem-22289	78	3	after	after	ADP
fbem-22289	78	4	20	20	NUM
fbem-22289	78	5	years	year	NOUN
fbem-22289	78	6	,	,	PUNCT
fbem-22289	78	7	due	due	ADP
fbem-22289	78	8	to	to	ADP
fbem-22289	78	9	the	the	DET
fbem-22289	78	10	effective	effective	ADJ
fbem-22289	78	11	asset	asset	NOUN
fbem-22289	78	12	management	management	NOUN
fbem-22289	78	13	and	and	CCONJ
fbem-22289	78	14	control	control	NOUN
fbem-22289	78	15	of	of	ADP
fbem-22289	78	16	the	the	DET
fbem-22289	78	17	company	company	NOUN
fbem-22289	78	18	,	,	PUNCT
fbem-22289	78	19	the	the	DET
fbem-22289	78	20	asset	asset	NOUN
fbem-22289	78	21	-	-	PUNCT
fbem-22289	78	22	liability	liability	NOUN
fbem-22289	78	23	ratio	ratio	NOUN
fbem-22289	78	24	has	have	AUX
fbem-22289	78	25	declined	decline	VERB
fbem-22289	78	26	compared	compare	VERB
fbem-22289	78	27	with	with	ADP
fbem-22289	78	28	the	the	DET
fbem-22289	78	29	previous	previous	ADJ
fbem-22289	78	30	two	two	NUM
fbem-22289	78	31	years	year	NOUN
fbem-22289	78	32	.	.	PUNCT
fbem-22289	79	1	on	on	ADP
fbem-22289	79	2	the	the	DET
fbem-22289	79	3	whole	whole	NOUN
fbem-22289	79	4	,	,	PUNCT
fbem-22289	79	5	this	this	DET
fbem-22289	79	6	mixed	mixed	ADJ
fbem-22289	79	7	reform	reform	NOUN
fbem-22289	79	8	has	have	AUX
fbem-22289	79	9	played	play	VERB
fbem-22289	79	10	a	a	DET
fbem-22289	79	11	positive	positive	ADJ
fbem-22289	79	12	role	role	NOUN
fbem-22289	79	13	in	in	ADP
fbem-22289	79	14	yunnan	yunnan	PROPN
fbem-22289	79	15	baiyao	baiyao	PROPN
fbem-22289	79	16	's	's	PART
fbem-22289	79	17	solvency	solvency	NOUN
fbem-22289	79	18	.	.	PUNCT
fbem-22289	80	1	4.4	4.4	NUM
fbem-22289	80	2	.	.	PUNCT
fbem-22289	81	1	operational	operational	ADJ
fbem-22289	81	2	capacity	capacity	NOUN
fbem-22289	81	3	analysis	analysis	NOUN
fbem-22289	81	4	operating	operating	NOUN
fbem-22289	81	5	capacity	capacity	NOUN
fbem-22289	81	6	reflects	reflect	VERB
fbem-22289	81	7	the	the	DET
fbem-22289	81	8	efficiency	efficiency	NOUN
fbem-22289	81	9	with	with	ADP
fbem-22289	81	10	which	which	PRON
fbem-22289	81	11	an	an	DET
fbem-22289	81	12	enterprise	enterprise	NOUN
fbem-22289	81	13	uses	use	VERB
fbem-22289	81	14	its	its	PRON
fbem-22289	81	15	assets	asset	NOUN
fbem-22289	81	16	to	to	PART
fbem-22289	81	17	generate	generate	VERB
fbem-22289	81	18	revenue	revenue	NOUN
fbem-22289	81	19	.	.	PUNCT
fbem-22289	82	1	in	in	ADP
fbem-22289	82	2	order	order	NOUN
fbem-22289	82	3	to	to	PART
fbem-22289	82	4	analyze	analyze	VERB
fbem-22289	82	5	the	the	DET
fbem-22289	82	6	impact	impact	NOUN
fbem-22289	82	7	of	of	ADP
fbem-22289	82	8	mixed	mixed	ADJ
fbem-22289	82	9	reform	reform	NOUN
fbem-22289	82	10	on	on	ADP
fbem-22289	82	11	yunnan	yunnan	PROPN
fbem-22289	82	12	baiyao	baiyao	PROPN
fbem-22289	82	13	's	's	PART
fbem-22289	82	14	operating	operating	NOUN
fbem-22289	82	15	capacity	capacity	NOUN
fbem-22289	82	16	,	,	PUNCT
fbem-22289	82	17	this	this	DET
fbem-22289	82	18	paper	paper	NOUN
fbem-22289	82	19	selects	select	VERB
fbem-22289	82	20	three	three	NUM
fbem-22289	82	21	key	key	ADJ
fbem-22289	82	22	indicators	indicator	NOUN
fbem-22289	82	23	,	,	PUNCT
fbem-22289	82	24	namely	namely	ADV
fbem-22289	82	25	inventory	inventory	NOUN
fbem-22289	82	26	turnover	turnover	NOUN
fbem-22289	82	27	,	,	PUNCT
fbem-22289	82	28	current	current	ADJ
fbem-22289	82	29	assets	asset	NOUN
fbem-22289	82	30	turnover	turnover	NOUN
fbem-22289	82	31	and	and	CCONJ
fbem-22289	82	32	total	total	ADJ
fbem-22289	82	33	assets	asset	NOUN
fbem-22289	82	34	turnover	turnover	NOUN
fbem-22289	82	35	,	,	PUNCT
fbem-22289	82	36	to	to	PART
fbem-22289	82	37	comprehensively	comprehensively	ADV
fbem-22289	82	38	evaluate	evaluate	VERB
fbem-22289	82	39	the	the	DET
fbem-22289	82	40	management	management	NOUN
fbem-22289	82	41	efficiency	efficiency	NOUN
fbem-22289	82	42	and	and	CCONJ
fbem-22289	82	43	operating	operating	NOUN
fbem-22289	82	44	benefits	benefit	NOUN
fbem-22289	82	45	of	of	ADP
fbem-22289	82	46	the	the	DET
fbem-22289	82	47	enterprise	enterprise	NOUN
fbem-22289	82	48	's	's	PART
fbem-22289	82	49	assets	asset	NOUN
fbem-22289	82	50	.	.	PUNCT
fbem-22289	83	1	table	table	NOUN
fbem-22289	83	2	4	4	NUM
fbem-22289	83	3	.	.	PUNCT
fbem-22289	83	4	operational	operational	ADJ
fbem-22289	83	5	capacity	capacity	NOUN
fbem-22289	83	6	analysis	analysis	NOUN
fbem-22289	83	7	year	year	NOUN
fbem-22289	83	8	2015	2015	NUM
fbem-22289	83	9	2016	2016	NUM
fbem-22289	83	10	2017	2017	NUM
fbem-22289	83	11	2018	2018	NUM
fbem-22289	83	12	2019	2019	NUM
fbem-22289	83	13	2020	2020	NUM
fbem-22289	83	14	2021	2021	NUM
fbem-22289	84	1	2022	2022	NUM
fbem-22289	84	2	2023	2023	NUM
fbem-22289	84	3	inventory	inventory	NOUN
fbem-22289	84	4	turnover	turnover	NOUN
fbem-22289	84	5	(	(	PUNCT
fbem-22289	84	6	%	%	INTJ
fbem-22289	84	7	)	)	PUNCT
fbem-22289	84	8	2.716	2.716	NUM
fbem-22289	84	9	2.506	2.506	NUM
fbem-22289	84	10	2.148	2.148	NUM
fbem-22289	84	11	1.886	1.886	NUM
fbem-22289	84	12	1.861	1.861	NUM
fbem-22289	84	13	2.081	2.081	NUM
fbem-22289	84	14	2.736	2.736	NUM
fbem-22289	84	15	3.284	3.284	NUM
fbem-22289	84	16	3.983	3.983	NUM
fbem-22289	84	17	total	total	ADJ
fbem-22289	84	18	asset	asset	NOUN
fbem-22289	84	19	turnover	turnover	NOUN
fbem-22289	84	20	(	(	PUNCT
fbem-22289	84	21	%	%	INTJ
fbem-22289	84	22	)	)	PUNCT
fbem-22289	84	23	1.164	1.164	NUM
fbem-22289	84	24	1.022	1.022	NUM
fbem-22289	84	25	0.93	0.93	NUM
fbem-22289	84	26	0.662	0.662	NUM
fbem-22289	84	27	0.573	0.573	NUM
fbem-22289	84	28	0.624	0.624	NUM
fbem-22289	84	29	0.676	0.676	NUM
fbem-22289	84	30	0.691	0.691	NUM
fbem-22289	84	31	0.73	0.73	NUM
fbem-22289	84	32	accounts	account	NOUN
fbem-22289	84	33	receivable	receivable	ADJ
fbem-22289	84	34	turnover	turnover	NOUN
fbem-22289	84	35	ratio	ratio	NOUN
fbem-22289	84	36	(	(	PUNCT
fbem-22289	84	37	%	%	INTJ
fbem-22289	84	38	)	)	PUNCT
fbem-22289	84	39	4.678	4.678	NUM
fbem-22289	84	40	4.66	4.66	NUM
fbem-22289	84	41	4.639	4.639	NUM
fbem-22289	84	42	5.119	5.119	NUM
fbem-22289	84	43	6.686	6.686	NUM
fbem-22289	84	44	6.28	6.28	NUM
fbem-22289	84	45	5.162	5.162	NUM
fbem-22289	84	46	4.196	4.196	NUM
fbem-22289	84	47	3.897	3.897	NUM
fbem-22289	84	48	it	it	PRON
fbem-22289	84	49	can	can	AUX
fbem-22289	84	50	be	be	AUX
fbem-22289	84	51	seen	see	VERB
fbem-22289	84	52	from	from	ADP
fbem-22289	84	53	table	table	NOUN
fbem-22289	84	54	4	4	NUM
fbem-22289	84	55	that	that	SCONJ
fbem-22289	84	56	after	after	ADP
fbem-22289	84	57	the	the	DET
fbem-22289	84	58	mixed	mixed	ADJ
fbem-22289	84	59	reform	reform	NOUN
fbem-22289	84	60	,	,	PUNCT
fbem-22289	84	61	yunnan	yunnan	PROPN
fbem-22289	84	62	baipharmaceutical	baipharmaceutical	PROPN
fbem-22289	84	63	broke	break	VERB
fbem-22289	84	64	the	the	DET
fbem-22289	84	65	original	original	ADJ
fbem-22289	84	66	management	management	NOUN
fbem-22289	84	67	system	system	NOUN
fbem-22289	84	68	of	of	ADP
fbem-22289	84	69	state	state	NOUN
fbem-22289	84	70	-	-	PUNCT
fbem-22289	84	71	owned	own	VERB
fbem-22289	84	72	enterprises	enterprise	NOUN
fbem-22289	84	73	and	and	CCONJ
fbem-22289	84	74	introduced	introduce	VERB
fbem-22289	84	75	a	a	DET
fbem-22289	84	76	more	more	ADV
fbem-22289	84	77	flexible	flexible	ADJ
fbem-22289	84	78	market	market	NOUN
fbem-22289	84	79	-	-	PUNCT
fbem-22289	84	80	oriented	orient	VERB
fbem-22289	84	81	operation	operation	NOUN
fbem-22289	84	82	mechanism	mechanism	NOUN
fbem-22289	84	83	,	,	PUNCT
fbem-22289	84	84	which	which	PRON
fbem-22289	84	85	accelerated	accelerate	VERB
fbem-22289	84	86	the	the	DET
fbem-22289	84	87	decision	decision	NOUN
fbem-22289	84	88	-	-	PUNCT
fbem-22289	84	89	making	make	VERB
fbem-22289	84	90	speed	speed	NOUN
fbem-22289	84	91	,	,	PUNCT
fbem-22289	84	92	enhanced	enhance	VERB
fbem-22289	84	93	the	the	DET
fbem-22289	84	94	market	market	NOUN
fbem-22289	84	95	response	response	NOUN
fbem-22289	84	96	ability	ability	NOUN
fbem-22289	84	97	,	,	PUNCT
fbem-22289	84	98	and	and	CCONJ
fbem-22289	84	99	continuously	continuously	ADV
fbem-22289	84	100	increased	increase	VERB
fbem-22289	84	101	the	the	DET
fbem-22289	84	102	turnover	turnover	NOUN
fbem-22289	84	103	rate	rate	NOUN
fbem-22289	84	104	of	of	ADP
fbem-22289	84	105	receivables	receivables	NOUN
fbem-22289	84	106	,	,	PUNCT
fbem-22289	84	107	showing	show	VERB
fbem-22289	84	108	a	a	DET
fbem-22289	84	109	downward	downward	ADJ
fbem-22289	84	110	trend	trend	NOUN
fbem-22289	84	111	in	in	ADP
fbem-22289	84	112	20	20	NUM
fbem-22289	84	113	years	year	NOUN
fbem-22289	84	114	.	.	PUNCT
fbem-22289	85	1	this	this	PRON
fbem-22289	85	2	may	may	AUX
fbem-22289	85	3	be	be	AUX
fbem-22289	85	4	due	due	ADJ
fbem-22289	85	5	to	to	ADP
fbem-22289	85	6	the	the	DET
fbem-22289	85	7	impact	impact	NOUN
fbem-22289	85	8	of	of	ADP
fbem-22289	85	9	the	the	DET
fbem-22289	85	10	epidemic	epidemic	NOUN
fbem-22289	85	11	or	or	CCONJ
fbem-22289	85	12	the	the	DET
fbem-22289	85	13	failure	failure	NOUN
fbem-22289	85	14	to	to	PART
fbem-22289	85	15	effectively	effectively	ADV
fbem-22289	85	16	solve	solve	VERB
fbem-22289	85	17	the	the	DET
fbem-22289	85	18	problems	problem	NOUN
fbem-22289	85	19	existing	exist	VERB
fbem-22289	85	20	in	in	ADP
fbem-22289	85	21	the	the	DET
fbem-22289	85	22	internal	internal	ADJ
fbem-22289	85	23	management	management	NOUN
fbem-22289	85	24	of	of	ADP
fbem-22289	85	25	the	the	DET
fbem-22289	85	26	enterprise	enterprise	NOUN
fbem-22289	85	27	.	.	PUNCT
fbem-22289	86	1	although	although	SCONJ
fbem-22289	86	2	the	the	DET
fbem-22289	86	3	inventory	inventory	NOUN
fbem-22289	86	4	turnover	turnover	NOUN
fbem-22289	86	5	rate	rate	NOUN
fbem-22289	86	6	declined	decline	VERB
fbem-22289	86	7	year	year	NOUN
fbem-22289	86	8	by	by	ADP
fbem-22289	86	9	year	year	NOUN
fbem-22289	86	10	in	in	ADP
fbem-22289	86	11	the	the	DET
fbem-22289	86	12	initial	initial	ADJ
fbem-22289	86	13	stage	stage	NOUN
fbem-22289	86	14	,	,	PUNCT
fbem-22289	86	15	it	it	PRON
fbem-22289	86	16	began	begin	VERB
fbem-22289	86	17	to	to	PART
fbem-22289	86	18	rise	rise	VERB
fbem-22289	86	19	after	after	ADP
fbem-22289	86	20	201	201	NUM
fbem-22289	86	21	years	year	NOUN
fbem-22289	86	22	,	,	PUNCT
fbem-22289	86	23	which	which	PRON
fbem-22289	86	24	indicates	indicate	VERB
fbem-22289	86	25	that	that	SCONJ
fbem-22289	86	26	the	the	DET
fbem-22289	86	27	inventory	inventory	NOUN
fbem-22289	86	28	overhang	overhang	NOUN
fbem-22289	86	29	problem	problem	NOUN
fbem-22289	86	30	has	have	AUX
fbem-22289	86	31	not	not	PART
fbem-22289	86	32	been	be	AUX
fbem-22289	86	33	completely	completely	ADV
fbem-22289	86	34	solved	solve	VERB
fbem-22289	86	35	after	after	ADP
fbem-22289	86	36	the	the	DET
fbem-22289	86	37	mixed	mixed	ADJ
fbem-22289	86	38	reform	reform	NOUN
fbem-22289	86	39	,	,	PUNCT
fbem-22289	86	40	and	and	CCONJ
fbem-22289	86	41	yunnan	yunnan	PROPN
fbem-22289	86	42	baiyao	baiyao	NOUN
fbem-22289	86	43	still	still	ADV
fbem-22289	86	44	needs	need	VERB
fbem-22289	86	45	to	to	PART
fbem-22289	86	46	improve	improve	VERB
fbem-22289	86	47	its	its	PRON
fbem-22289	86	48	inventory	inventory	NOUN
fbem-22289	86	49	management	management	NOUN
fbem-22289	86	50	.	.	PUNCT
fbem-22289	87	1	it	it	PRON
fbem-22289	87	2	is	be	AUX
fbem-22289	87	3	worth	worth	ADJ
fbem-22289	87	4	noting	note	VERB
fbem-22289	87	5	that	that	SCONJ
fbem-22289	87	6	from	from	ADP
fbem-22289	87	7	2015	2015	NUM
fbem-22289	87	8	to	to	ADP
fbem-22289	87	9	203	203	NUM
fbem-22289	87	10	,	,	PUNCT
fbem-22289	87	11	the	the	DET
fbem-22289	87	12	total	total	ADJ
fbem-22289	87	13	asset	asset	NOUN
fbem-22289	87	14	turnover	turnover	NOUN
fbem-22289	87	15	of	of	ADP
fbem-22289	87	16	enterprises	enterprise	NOUN
fbem-22289	87	17	showed	show	VERB
fbem-22289	87	18	an	an	DET
fbem-22289	87	19	overall	overall	ADJ
fbem-22289	87	20	downward	downward	ADJ
fbem-22289	87	21	trend	trend	NOUN
fbem-22289	87	22	,	,	PUNCT
fbem-22289	87	23	which	which	PRON
fbem-22289	87	24	reflects	reflect	VERB
fbem-22289	87	25	that	that	SCONJ
fbem-22289	87	26	companies	company	NOUN
fbem-22289	87	27	are	be	AUX
fbem-22289	87	28	optimizing	optimize	VERB
fbem-22289	87	29	the	the	DET
fbem-22289	87	30	utilization	utilization	NOUN
fbem-22289	87	31	cycle	cycle	NOUN
fbem-22289	87	32	of	of	ADP
fbem-22289	87	33	their	their	PRON
fbem-22289	87	34	own	own	ADJ
fbem-22289	87	35	assets	asset	NOUN
fbem-22289	87	36	to	to	PART
fbem-22289	87	37	improve	improve	VERB
fbem-22289	87	38	the	the	DET
fbem-22289	87	39	efficiency	efficiency	NOUN
fbem-22289	87	40	of	of	ADP
fbem-22289	87	41	real	real	ADJ
fbem-22289	87	42	earnings	earning	NOUN
fbem-22289	87	43	.	.	PUNCT
fbem-22289	88	1	5	5	X
fbem-22289	88	2	.	.	X
fbem-22289	88	3	conclusion	conclusion	NOUN
fbem-22289	88	4	and	and	CCONJ
fbem-22289	88	5	suggestion	suggestion	NOUN
fbem-22289	88	6	5.1	5.1	NUM
fbem-22289	88	7	.	.	PUNCT
fbem-22289	89	1	deepen	deepen	VERB
fbem-22289	89	2	cooperation	cooperation	NOUN
fbem-22289	89	3	with	with	ADP
fbem-22289	89	4	strategic	strategic	ADJ
fbem-22289	89	5	investors	investor	NOUN
fbem-22289	89	6	to	to	PART
fbem-22289	89	7	achieve	achieve	VERB
fbem-22289	89	8	resource	resource	NOUN
fbem-22289	89	9	complementarity	complementarity	NOUN
fbem-22289	89	10	and	and	CCONJ
fbem-22289	89	11	business	business	NOUN
fbem-22289	89	12	synergy	synergy	NOUN
fbem-22289	89	13	in	in	ADP
fbem-22289	89	14	the	the	DET
fbem-22289	89	15	process	process	NOUN
fbem-22289	89	16	of	of	ADP
fbem-22289	89	17	mixed	mixed	ADJ
fbem-22289	89	18	reform	reform	NOUN
fbem-22289	89	19	,	,	PUNCT
fbem-22289	89	20	yunnan	yunnan	NOUN
fbem-22289	89	21	baiyao	baiyao	NOUN
fbem-22289	89	22	should	should	AUX
fbem-22289	89	23	actively	actively	ADV
fbem-22289	89	24	seek	seek	VERB
fbem-22289	89	25	and	and	CCONJ
fbem-22289	89	26	introduce	introduce	VERB
fbem-22289	89	27	strategic	strategic	ADJ
fbem-22289	89	28	investors	investor	NOUN
fbem-22289	89	29	with	with	ADP
fbem-22289	89	30	complementary	complementary	ADJ
fbem-22289	89	31	resources	resource	NOUN
fbem-22289	89	32	and	and	CCONJ
fbem-22289	89	33	business	business	NOUN
fbem-22289	89	34	synergy	synergy	NOUN
fbem-22289	89	35	.	.	PUNCT
fbem-22289	90	1	these	these	DET
fbem-22289	90	2	strategic	strategic	ADJ
fbem-22289	90	3	investors	investor	NOUN
fbem-22289	90	4	may	may	AUX
fbem-22289	90	5	come	come	VERB
fbem-22289	90	6	from	from	ADP
fbem-22289	90	7	other	other	ADJ
fbem-22289	90	8	parts	part	NOUN
fbem-22289	90	9	of	of	ADP
fbem-22289	90	10	the	the	DET
fbem-22289	90	11	pharmaceutical	pharmaceutical	ADJ
fbem-22289	90	12	industry	industry	NOUN
fbem-22289	90	13	chain	chain	NOUN
fbem-22289	90	14	,	,	PUNCT
fbem-22289	90	15	such	such	ADJ
fbem-22289	90	16	as	as	ADP
fbem-22289	90	17	research	research	NOUN
fbem-22289	90	18	and	and	CCONJ
fbem-22289	90	19	252	252	NUM
fbem-22289	90	20	development	development	NOUN
fbem-22289	90	21	institutions	institution	NOUN
fbem-22289	90	22	,	,	PUNCT
fbem-22289	90	23	medical	medical	ADJ
fbem-22289	90	24	institutions	institution	NOUN
fbem-22289	90	25	,	,	PUNCT
fbem-22289	90	26	distributors	distributor	NOUN
fbem-22289	90	27	,	,	PUNCT
fbem-22289	90	28	etc	etc	X
fbem-22289	90	29	.	.	X
fbem-22289	90	30	,	,	PUNCT
fbem-22289	90	31	or	or	CCONJ
fbem-22289	90	32	from	from	ADP
fbem-22289	90	33	multinational	multinational	ADJ
fbem-22289	90	34	companies	company	NOUN
fbem-22289	90	35	with	with	ADP
fbem-22289	90	36	rich	rich	ADJ
fbem-22289	90	37	experience	experience	NOUN
fbem-22289	90	38	and	and	CCONJ
fbem-22289	90	39	global	global	ADJ
fbem-22289	90	40	vision	vision	NOUN
fbem-22289	90	41	in	in	ADP
fbem-22289	90	42	the	the	DET
fbem-22289	90	43	pharmaceutical	pharmaceutical	ADJ
fbem-22289	90	44	industry	industry	NOUN
fbem-22289	90	45	.	.	PUNCT
fbem-22289	91	1	through	through	ADP
fbem-22289	91	2	indepth	indepth	ADJ
fbem-22289	91	3	cooperation	cooperation	NOUN
fbem-22289	91	4	with	with	ADP
fbem-22289	91	5	strategic	strategic	ADJ
fbem-22289	91	6	investors	investor	NOUN
fbem-22289	91	7	,	,	PUNCT
fbem-22289	91	8	yunnan	yunnan	NOUN
fbem-22289	91	9	baiyao	baiyao	NOUN
fbem-22289	91	10	can	can	AUX
fbem-22289	91	11	achieve	achieve	VERB
fbem-22289	91	12	the	the	DET
fbem-22289	91	13	following	follow	VERB
fbem-22289	91	14	goals	goal	NOUN
fbem-22289	91	15	:	:	PUNCT
fbem-22289	91	16	first	first	ADV
fbem-22289	91	17	,	,	PUNCT
fbem-22289	91	18	the	the	DET
fbem-22289	91	19	strategic	strategic	ADJ
fbem-22289	91	20	investors	investor	NOUN
fbem-22289	91	21	may	may	AUX
fbem-22289	91	22	have	have	VERB
fbem-22289	91	23	resources	resource	NOUN
fbem-22289	91	24	such	such	ADJ
fbem-22289	91	25	as	as	ADP
fbem-22289	91	26	advanced	advanced	ADJ
fbem-22289	91	27	research	research	NOUN
fbem-22289	91	28	and	and	CCONJ
fbem-22289	91	29	development	development	NOUN
fbem-22289	91	30	technology	technology	NOUN
fbem-22289	91	31	,	,	PUNCT
fbem-22289	91	32	strong	strong	ADJ
fbem-22289	91	33	marketing	marketing	NOUN
fbem-22289	91	34	ability	ability	NOUN
fbem-22289	91	35	or	or	CCONJ
fbem-22289	91	36	extensive	extensive	ADJ
fbem-22289	91	37	distribution	distribution	NOUN
fbem-22289	91	38	network	network	NOUN
fbem-22289	91	39	,	,	PUNCT
fbem-22289	91	40	which	which	PRON
fbem-22289	91	41	can	can	AUX
fbem-22289	91	42	complement	complement	VERB
fbem-22289	91	43	yunnan	yunnan	PROPN
fbem-22289	91	44	baiyao	baiyao	PROPN
fbem-22289	91	45	's	's	PART
fbem-22289	91	46	existing	exist	VERB
fbem-22289	91	47	brand	brand	NOUN
fbem-22289	91	48	advantages	advantage	NOUN
fbem-22289	91	49	,	,	PUNCT
fbem-22289	91	50	production	production	NOUN
fbem-22289	91	51	capacity	capacity	NOUN
fbem-22289	91	52	and	and	CCONJ
fbem-22289	91	53	market	market	NOUN
fbem-22289	91	54	position	position	NOUN
fbem-22289	91	55	to	to	PART
fbem-22289	91	56	jointly	jointly	ADV
fbem-22289	91	57	promote	promote	VERB
fbem-22289	91	58	the	the	DET
fbem-22289	91	59	rapid	rapid	ADJ
fbem-22289	91	60	development	development	NOUN
fbem-22289	91	61	of	of	ADP
fbem-22289	91	62	the	the	DET
fbem-22289	91	63	company	company	NOUN
fbem-22289	91	64	;	;	PUNCT
fbem-22289	91	65	the	the	DET
fbem-22289	91	66	second	second	NOUN
fbem-22289	91	67	is	be	AUX
fbem-22289	91	68	business	business	NOUN
fbem-22289	91	69	synergy	synergy	NOUN
fbem-22289	91	70	,	,	PUNCT
fbem-22289	91	71	through	through	ADP
fbem-22289	91	72	the	the	DET
fbem-22289	91	73	participation	participation	NOUN
fbem-22289	91	74	of	of	ADP
fbem-22289	91	75	strategic	strategic	ADJ
fbem-22289	91	76	investors	investor	NOUN
fbem-22289	91	77	,	,	PUNCT
fbem-22289	91	78	yunnan	yunnan	NOUN
fbem-22289	91	79	baiyao	baiyao	NOUN
fbem-22289	91	80	can	can	AUX
fbem-22289	91	81	expand	expand	VERB
fbem-22289	91	82	business	business	NOUN
fbem-22289	91	83	areas	area	NOUN
fbem-22289	91	84	,	,	PUNCT
fbem-22289	91	85	enter	enter	VERB
fbem-22289	91	86	new	new	ADJ
fbem-22289	91	87	markets	market	NOUN
fbem-22289	91	88	or	or	CCONJ
fbem-22289	91	89	market	market	NOUN
fbem-22289	91	90	segments	segment	NOUN
fbem-22289	91	91	,	,	PUNCT
fbem-22289	91	92	and	and	CCONJ
fbem-22289	91	93	achieve	achieve	VERB
fbem-22289	91	94	business	business	NOUN
fbem-22289	91	95	diversification	diversification	NOUN
fbem-22289	91	96	and	and	CCONJ
fbem-22289	91	97	complementarity	complementarity	NOUN
fbem-22289	91	98	.	.	PUNCT
fbem-22289	92	1	at	at	ADP
fbem-22289	92	2	the	the	DET
fbem-22289	92	3	same	same	ADJ
fbem-22289	92	4	time	time	NOUN
fbem-22289	92	5	,	,	PUNCT
fbem-22289	92	6	the	the	DET
fbem-22289	92	7	two	two	NUM
fbem-22289	92	8	sides	side	NOUN
fbem-22289	92	9	can	can	AUX
fbem-22289	92	10	carry	carry	VERB
fbem-22289	92	11	out	out	ADP
fbem-22289	92	12	in	in	ADP
fbem-22289	92	13	-	-	PUNCT
fbem-22289	92	14	depth	depth	NOUN
fbem-22289	92	15	cooperation	cooperation	NOUN
fbem-22289	92	16	in	in	ADP
fbem-22289	92	17	research	research	NOUN
fbem-22289	92	18	and	and	CCONJ
fbem-22289	92	19	development	development	NOUN
fbem-22289	92	20	,	,	PUNCT
fbem-22289	92	21	production	production	NOUN
fbem-22289	92	22	,	,	PUNCT
fbem-22289	92	23	sales	sale	NOUN
fbem-22289	92	24	and	and	CCONJ
fbem-22289	92	25	other	other	ADJ
fbem-22289	92	26	links	link	NOUN
fbem-22289	92	27	to	to	PART
fbem-22289	92	28	jointly	jointly	ADV
fbem-22289	92	29	develop	develop	VERB
fbem-22289	92	30	new	new	ADJ
fbem-22289	92	31	products	product	NOUN
fbem-22289	92	32	and	and	CCONJ
fbem-22289	92	33	new	new	ADJ
fbem-22289	92	34	technologies	technology	NOUN
fbem-22289	92	35	to	to	PART
fbem-22289	92	36	improve	improve	VERB
fbem-22289	92	37	market	market	NOUN
fbem-22289	92	38	competitiveness	competitiveness	NOUN
fbem-22289	92	39	.	.	PUNCT
fbem-22289	93	1	in	in	ADP
fbem-22289	93	2	addition	addition	NOUN
fbem-22289	93	3	,	,	PUNCT
fbem-22289	93	4	the	the	DET
fbem-22289	93	5	introduction	introduction	NOUN
fbem-22289	93	6	of	of	ADP
fbem-22289	93	7	strategic	strategic	ADJ
fbem-22289	93	8	investors	investor	NOUN
fbem-22289	93	9	can	can	AUX
fbem-22289	93	10	bring	bring	VERB
fbem-22289	93	11	new	new	ADJ
fbem-22289	93	12	management	management	NOUN
fbem-22289	93	13	concepts	concept	NOUN
fbem-22289	93	14	and	and	CCONJ
fbem-22289	93	15	experience	experience	NOUN
fbem-22289	93	16	,	,	PUNCT
fbem-22289	93	17	promote	promote	VERB
fbem-22289	93	18	yunnan	yunnan	NOUN
fbem-22289	93	19	baiyao	baiyao	NOUN
fbem-22289	93	20	to	to	PART
fbem-22289	93	21	improve	improve	VERB
fbem-22289	93	22	the	the	DET
fbem-22289	93	23	corporate	corporate	ADJ
fbem-22289	93	24	governance	governance	NOUN
fbem-22289	93	25	structure	structure	NOUN
fbem-22289	93	26	,	,	PUNCT
fbem-22289	93	27	improve	improve	VERB
fbem-22289	93	28	the	the	DET
fbem-22289	93	29	efficiency	efficiency	NOUN
fbem-22289	93	30	of	of	ADP
fbem-22289	93	31	decisionmaking	decisionmaking	NOUN
fbem-22289	93	32	and	and	CCONJ
fbem-22289	93	33	execution	execution	NOUN
fbem-22289	93	34	.	.	PUNCT
fbem-22289	94	1	by	by	ADP
fbem-22289	94	2	learning	learn	VERB
fbem-22289	94	3	from	from	ADP
fbem-22289	94	4	the	the	DET
fbem-22289	94	5	successful	successful	ADJ
fbem-22289	94	6	experience	experience	NOUN
fbem-22289	94	7	of	of	ADP
fbem-22289	94	8	strategic	strategic	ADJ
fbem-22289	94	9	investors	investor	NOUN
fbem-22289	94	10	,	,	PUNCT
fbem-22289	94	11	yunnan	yunnan	PROPN
fbem-22289	94	12	baiyao	baiyao	NOUN
fbem-22289	94	13	can	can	AUX
fbem-22289	94	14	further	far	ADV
fbem-22289	94	15	improve	improve	VERB
fbem-22289	94	16	the	the	DET
fbem-22289	94	17	management	management	NOUN
fbem-22289	94	18	level	level	NOUN
fbem-22289	94	19	and	and	CCONJ
fbem-22289	94	20	operational	operational	ADJ
fbem-22289	94	21	efficiency	efficiency	NOUN
fbem-22289	94	22	of	of	ADP
fbem-22289	94	23	the	the	DET
fbem-22289	94	24	enterprise	enterprise	NOUN
fbem-22289	94	25	.	.	PUNCT
fbem-22289	95	1	5.2	5.2	NUM
fbem-22289	95	2	.	.	PUNCT
fbem-22289	96	1	strengthen	strengthen	VERB
fbem-22289	96	2	innovation	innovation	NOUN
fbem-22289	96	3	-	-	PUNCT
fbem-22289	96	4	driven	drive	VERB
fbem-22289	96	5	,	,	PUNCT
fbem-22289	96	6	build	build	VERB
fbem-22289	96	7	core	core	NOUN
fbem-22289	96	8	competitiveness	competitiveness	NOUN
fbem-22289	96	9	yunnan	yunnan	NOUN
fbem-22289	96	10	baiyao	baiyao	NOUN
fbem-22289	96	11	,	,	PUNCT
fbem-22289	96	12	as	as	ADP
fbem-22289	96	13	a	a	DET
fbem-22289	96	14	pharmaceutical	pharmaceutical	ADJ
fbem-22289	96	15	enterprise	enterprise	NOUN
fbem-22289	96	16	with	with	ADP
fbem-22289	96	17	a	a	DET
fbem-22289	96	18	long	long	ADJ
fbem-22289	96	19	history	history	NOUN
fbem-22289	96	20	and	and	CCONJ
fbem-22289	96	21	good	good	ADJ
fbem-22289	96	22	reputation	reputation	NOUN
fbem-22289	96	23	,	,	PUNCT
fbem-22289	96	24	needs	need	VERB
fbem-22289	96	25	to	to	PART
fbem-22289	96	26	continuously	continuously	ADV
fbem-22289	96	27	strengthen	strengthen	VERB
fbem-22289	96	28	innovation	innovation	NOUN
fbem-22289	96	29	drive	drive	NOUN
fbem-22289	96	30	and	and	CCONJ
fbem-22289	96	31	build	build	VERB
fbem-22289	96	32	core	core	NOUN
fbem-22289	96	33	competitiveness	competitiveness	NOUN
fbem-22289	96	34	to	to	PART
fbem-22289	96	35	cope	cope	VERB
fbem-22289	96	36	with	with	ADP
fbem-22289	96	37	the	the	DET
fbem-22289	96	38	increasingly	increasingly	ADV
fbem-22289	96	39	fierce	fierce	ADJ
fbem-22289	96	40	market	market	NOUN
fbem-22289	96	41	competition	competition	NOUN
fbem-22289	96	42	.	.	PUNCT
fbem-22289	97	1	in	in	ADP
fbem-22289	97	2	the	the	DET
fbem-22289	97	3	process	process	NOUN
fbem-22289	97	4	of	of	ADP
fbem-22289	97	5	mixed	mixed	ADJ
fbem-22289	97	6	reform	reform	NOUN
fbem-22289	97	7	,	,	PUNCT
fbem-22289	97	8	yunnan	yunnan	NOUN
fbem-22289	97	9	baiyao	baiyao	NOUN
fbem-22289	97	10	can	can	AUX
fbem-22289	97	11	take	take	VERB
fbem-22289	97	12	a	a	DET
fbem-22289	97	13	variety	variety	NOUN
fbem-22289	97	14	of	of	ADP
fbem-22289	97	15	measures	measure	NOUN
fbem-22289	97	16	to	to	PART
fbem-22289	97	17	strengthen	strengthen	VERB
fbem-22289	97	18	innovation	innovation	NOUN
fbem-22289	97	19	drive	drive	NOUN
fbem-22289	97	20	.	.	PUNCT
fbem-22289	98	1	yunnan	yunnan	PROPN
fbem-22289	98	2	baiyao	baiyao	NOUN
fbem-22289	98	3	should	should	AUX
fbem-22289	98	4	continue	continue	VERB
fbem-22289	98	5	to	to	PART
fbem-22289	98	6	increase	increase	VERB
fbem-22289	98	7	investment	investment	NOUN
fbem-22289	98	8	in	in	ADP
fbem-22289	98	9	research	research	NOUN
fbem-22289	98	10	and	and	CCONJ
fbem-22289	98	11	development	development	NOUN
fbem-22289	98	12	and	and	CCONJ
fbem-22289	98	13	increase	increase	VERB
fbem-22289	98	14	the	the	DET
fbem-22289	98	15	proportion	proportion	NOUN
fbem-22289	98	16	of	of	ADP
fbem-22289	98	17	research	research	NOUN
fbem-22289	98	18	and	and	CCONJ
fbem-22289	98	19	development	development	NOUN
fbem-22289	98	20	funds	fund	NOUN
fbem-22289	98	21	in	in	ADP
fbem-22289	98	22	operating	operate	VERB
fbem-22289	98	23	income	income	NOUN
fbem-22289	98	24	.	.	PUNCT
fbem-22289	99	1	through	through	ADP
fbem-22289	99	2	the	the	DET
fbem-22289	99	3	introduction	introduction	NOUN
fbem-22289	99	4	of	of	ADP
fbem-22289	99	5	highend	highend	NOUN
fbem-22289	99	6	talents	talent	NOUN
fbem-22289	99	7	,	,	PUNCT
fbem-22289	99	8	the	the	DET
fbem-22289	99	9	establishment	establishment	NOUN
fbem-22289	99	10	of	of	ADP
fbem-22289	99	11	research	research	NOUN
fbem-22289	99	12	and	and	CCONJ
fbem-22289	99	13	development	development	NOUN
fbem-22289	99	14	team	team	NOUN
fbem-22289	99	15	,	,	PUNCT
fbem-22289	99	16	strengthening	strengthen	VERB
fbem-22289	99	17	cooperation	cooperation	NOUN
fbem-22289	99	18	with	with	ADP
fbem-22289	99	19	scientific	scientific	ADJ
fbem-22289	99	20	research	research	NOUN
fbem-22289	99	21	institutions	institution	NOUN
fbem-22289	99	22	,	,	PUNCT
fbem-22289	99	23	and	and	CCONJ
fbem-22289	99	24	other	other	ADJ
fbem-22289	99	25	ways	way	NOUN
fbem-22289	99	26	to	to	PART
fbem-22289	99	27	continuously	continuously	ADV
fbem-22289	99	28	improve	improve	VERB
fbem-22289	99	29	the	the	DET
fbem-22289	99	30	company	company	NOUN
fbem-22289	99	31	's	's	PART
fbem-22289	99	32	research	research	NOUN
fbem-22289	99	33	and	and	CCONJ
fbem-22289	99	34	development	development	NOUN
fbem-22289	99	35	capabilities	capability	NOUN
fbem-22289	99	36	and	and	CCONJ
fbem-22289	99	37	levels	level	NOUN
fbem-22289	99	38	.	.	PUNCT
fbem-22289	100	1	first	first	ADV
fbem-22289	100	2	of	of	ADP
fbem-22289	100	3	all	all	PRON
fbem-22289	100	4	,	,	PUNCT
fbem-22289	100	5	yunnan	yunnan	PROPN
fbem-22289	100	6	baiyao	baiyao	NOUN
fbem-22289	100	7	should	should	AUX
fbem-22289	100	8	actively	actively	ADV
fbem-22289	100	9	explore	explore	VERB
fbem-22289	100	10	new	new	ADJ
fbem-22289	100	11	technologies	technology	NOUN
fbem-22289	100	12	,	,	PUNCT
fbem-22289	100	13	new	new	ADJ
fbem-22289	100	14	processes	process	NOUN
fbem-22289	100	15	and	and	CCONJ
fbem-22289	100	16	new	new	ADJ
fbem-22289	100	17	methods	method	NOUN
fbem-22289	100	18	,	,	PUNCT
fbem-22289	100	19	and	and	CCONJ
fbem-22289	100	20	make	make	VERB
fbem-22289	100	21	breakthroughs	breakthrough	NOUN
fbem-22289	100	22	in	in	ADP
fbem-22289	100	23	the	the	DET
fbem-22289	100	24	fields	field	NOUN
fbem-22289	100	25	of	of	ADP
fbem-22289	100	26	traditional	traditional	ADJ
fbem-22289	100	27	chinese	chinese	ADJ
fbem-22289	100	28	medicine	medicine	NOUN
fbem-22289	100	29	modernization	modernization	NOUN
fbem-22289	100	30	and	and	CCONJ
fbem-22289	100	31	intelligent	intelligent	ADJ
fbem-22289	100	32	manufacturing	manufacturing	NOUN
fbem-22289	100	33	.	.	PUNCT
fbem-22289	101	1	through	through	ADP
fbem-22289	101	2	technological	technological	ADJ
fbem-22289	101	3	innovation	innovation	NOUN
fbem-22289	101	4	,	,	PUNCT
fbem-22289	101	5	improve	improve	VERB
fbem-22289	101	6	product	product	NOUN
fbem-22289	101	7	quality	quality	NOUN
fbem-22289	101	8	and	and	CCONJ
fbem-22289	101	9	production	production	NOUN
fbem-22289	101	10	efficiency	efficiency	NOUN
fbem-22289	101	11	,	,	PUNCT
fbem-22289	101	12	reduce	reduce	VERB
fbem-22289	101	13	production	production	NOUN
fbem-22289	101	14	costs	cost	NOUN
fbem-22289	101	15	,	,	PUNCT
fbem-22289	101	16	and	and	CCONJ
fbem-22289	101	17	enhance	enhance	VERB
fbem-22289	101	18	the	the	DET
fbem-22289	101	19	market	market	NOUN
fbem-22289	101	20	competitiveness	competitiveness	NOUN
fbem-22289	101	21	of	of	ADP
fbem-22289	101	22	enterprises	enterprise	NOUN
fbem-22289	101	23	;	;	PUNCT
fbem-22289	101	24	secondly	secondly	ADV
fbem-22289	101	25	,	,	PUNCT
fbem-22289	101	26	yunnan	yunnan	PROPN
fbem-22289	101	27	baiyao	baiyao	NOUN
fbem-22289	101	28	should	should	AUX
fbem-22289	101	29	attach	attach	VERB
fbem-22289	101	30	importance	importance	NOUN
fbem-22289	101	31	to	to	ADP
fbem-22289	101	32	the	the	DET
fbem-22289	101	33	protection	protection	NOUN
fbem-22289	101	34	of	of	ADP
fbem-22289	101	35	intellectual	intellectual	ADJ
fbem-22289	101	36	property	property	NOUN
fbem-22289	101	37	rights	right	NOUN
fbem-22289	101	38	and	and	CCONJ
fbem-22289	101	39	establish	establish	VERB
fbem-22289	101	40	and	and	CCONJ
fbem-22289	101	41	improve	improve	VERB
fbem-22289	101	42	the	the	DET
fbem-22289	101	43	management	management	NOUN
fbem-22289	101	44	system	system	NOUN
fbem-22289	101	45	and	and	CCONJ
fbem-22289	101	46	system	system	NOUN
fbem-22289	101	47	of	of	ADP
fbem-22289	101	48	intellectual	intellectual	ADJ
fbem-22289	101	49	property	property	NOUN
fbem-22289	101	50	rights	right	NOUN
fbem-22289	101	51	.	.	PUNCT
fbem-22289	102	1	by	by	ADP
fbem-22289	102	2	applying	apply	VERB
fbem-22289	102	3	for	for	ADP
fbem-22289	102	4	patents	patent	NOUN
fbem-22289	102	5	,	,	PUNCT
fbem-22289	102	6	trademarks	trademark	NOUN
fbem-22289	102	7	and	and	CCONJ
fbem-22289	102	8	copyrights	copyright	NOUN
fbem-22289	102	9	,	,	PUNCT
fbem-22289	102	10	we	we	PRON
fbem-22289	102	11	protect	protect	VERB
fbem-22289	102	12	the	the	DET
fbem-22289	102	13	innovation	innovation	NOUN
fbem-22289	102	14	achievements	achievement	NOUN
fbem-22289	102	15	and	and	CCONJ
fbem-22289	102	16	core	core	NOUN
fbem-22289	102	17	technologies	technology	NOUN
fbem-22289	102	18	of	of	ADP
fbem-22289	102	19	enterprises	enterprise	NOUN
fbem-22289	102	20	and	and	CCONJ
fbem-22289	102	21	prevent	prevent	VERB
fbem-22289	102	22	the	the	DET
fbem-22289	102	23	loss	loss	NOUN
fbem-22289	102	24	of	of	ADP
fbem-22289	102	25	intellectual	intellectual	ADJ
fbem-22289	102	26	property	property	NOUN
fbem-22289	102	27	rights	right	NOUN
fbem-22289	102	28	and	and	CCONJ
fbem-22289	102	29	the	the	DET
fbem-22289	102	30	occurrence	occurrence	NOUN
fbem-22289	102	31	of	of	ADP
fbem-22289	102	32	infringement	infringement	NOUN
fbem-22289	102	33	.	.	PUNCT
fbem-22289	103	1	in	in	ADP
fbem-22289	103	2	addition	addition	NOUN
fbem-22289	103	3	,	,	PUNCT
fbem-22289	103	4	yunnan	yunnan	NOUN
fbem-22289	103	5	baiyao	baiyao	NOUN
fbem-22289	103	6	should	should	AUX
fbem-22289	103	7	actively	actively	ADV
fbem-22289	103	8	carry	carry	VERB
fbem-22289	103	9	out	out	ADP
fbem-22289	103	10	industry	industry	NOUN
fbem-22289	103	11	-	-	PUNCT
fbem-22289	103	12	university	university	NOUN
fbem-22289	103	13	-	-	PUNCT
fbem-22289	103	14	research	research	NOUN
fbem-22289	103	15	cooperation	cooperation	NOUN
fbem-22289	103	16	with	with	ADP
fbem-22289	103	17	universities	university	NOUN
fbem-22289	103	18	and	and	CCONJ
fbem-22289	103	19	scientific	scientific	ADJ
fbem-22289	103	20	research	research	NOUN
fbem-22289	103	21	institutions	institution	NOUN
fbem-22289	103	22	to	to	PART
fbem-22289	103	23	jointly	jointly	ADV
fbem-22289	103	24	carry	carry	VERB
fbem-22289	103	25	out	out	ADP
fbem-22289	103	26	scientific	scientific	ADJ
fbem-22289	103	27	research	research	NOUN
fbem-22289	103	28	projects	project	NOUN
fbem-22289	103	29	and	and	CCONJ
fbem-22289	103	30	technical	technical	ADJ
fbem-22289	103	31	research	research	NOUN
fbem-22289	103	32	.	.	PUNCT
fbem-22289	104	1	through	through	ADP
fbem-22289	104	2	industry	industry	NOUN
fbem-22289	104	3	-	-	PUNCT
fbem-22289	104	4	university	university	NOUN
fbem-22289	104	5	-	-	PUNCT
fbem-22289	104	6	research	research	NOUN
fbem-22289	104	7	cooperation	cooperation	NOUN
fbem-22289	104	8	,	,	PUNCT
fbem-22289	104	9	we	we	PRON
fbem-22289	104	10	can	can	AUX
fbem-22289	104	11	achieve	achieve	VERB
fbem-22289	104	12	resource	resource	NOUN
fbem-22289	104	13	sharing	sharing	NOUN
fbem-22289	104	14	,	,	PUNCT
fbem-22289	104	15	complementary	complementary	ADJ
fbem-22289	104	16	advantages	advantage	NOUN
fbem-22289	104	17	and	and	CCONJ
fbem-22289	104	18	mutual	mutual	ADJ
fbem-22289	104	19	benefit	benefit	NOUN
fbem-22289	104	20	and	and	CCONJ
fbem-22289	104	21	win	win	NOUN
fbem-22289	104	22	-	-	PUNCT
fbem-22289	104	23	win	win	NOUN
fbem-22289	104	24	,	,	PUNCT
fbem-22289	104	25	and	and	CCONJ
fbem-22289	104	26	promote	promote	VERB
fbem-22289	104	27	technological	technological	ADJ
fbem-22289	104	28	innovation	innovation	NOUN
fbem-22289	104	29	and	and	CCONJ
fbem-22289	104	30	industrial	industrial	ADJ
fbem-22289	104	31	upgrading	upgrading	NOUN
fbem-22289	104	32	of	of	ADP
fbem-22289	104	33	enterprises	enterprise	NOUN
fbem-22289	104	34	.	.	PUNCT
fbem-22289	105	1	references	reference	NOUN
fbem-22289	105	2	[	[	X
fbem-22289	105	3	1	1	NUM
fbem-22289	105	4	]	]	X
fbem-22289	105	5	dong	dong	PROPN
fbem-22289	105	6	yan	yan	PROPN
fbem-22289	105	7	,	,	PUNCT
fbem-22289	105	8	liu	liu	PROPN
fbem-22289	105	9	peizhong	peizhong	PROPN
fbem-22289	105	10	.	.	PUNCT
fbem-22289	106	1	the	the	DET
fbem-22289	106	2	impact	impact	NOUN
fbem-22289	106	3	of	of	ADP
fbem-22289	106	4	state	state	NOUN
fbem-22289	106	5	-	-	PUNCT
fbem-22289	106	6	owned	own	VERB
fbem-22289	106	7	capital	capital	NOUN
fbem-22289	106	8	injection	injection	NOUN
fbem-22289	106	9	on	on	ADP
fbem-22289	106	10	the	the	DET
fbem-22289	106	11	performance	performance	NOUN
fbem-22289	106	12	of	of	ADP
fbem-22289	106	13	private	private	ADJ
fbem-22289	106	14	enterprises	enterprise	NOUN
fbem-22289	106	15	:	:	PUNCT
fbem-22289	106	16	a	a	DET
fbem-22289	106	17	study	study	NOUN
fbem-22289	106	18	based	base	VERB
fbem-22289	106	19	on	on	ADP
fbem-22289	106	20	chinese	chinese	ADJ
fbem-22289	106	21	industrial	industrial	ADJ
fbem-22289	106	22	enterprises	enterprise	NOUN
fbem-22289	106	23	.	.	PUNCT
fbem-22289	107	1	[	[	X
fbem-22289	107	2	2	2	NUM
fbem-22289	107	3	]	]	PUNCT
fbem-22289	107	4	yuan	yuan	NOUN
fbem-22289	107	5	ding	ding	NOUN
fbem-22289	107	6	,	,	PUNCT
fbem-22289	107	7	hua	hua	PROPN
fbem-22289	107	8	zhang	zhang	PROPN
fbem-22289	107	9	,	,	PUNCT
fbem-22289	107	10	junxi	junxi	PROPN
fbem-22289	107	11	zhang	zhang	PROPN
fbem-22289	107	12	,	,	PUNCT
fbem-22289	107	13	“	"	PUNCT
fbem-22289	107	14	the	the	DET
fbem-22289	107	15	financial	financial	ADJ
fbem-22289	107	16	and	and	CCONJ
fbem-22289	107	17	operating	operating	NOUN
fbem-22289	107	18	performance	performance	NOUN
fbem-22289	107	19	of	of	ADP
fbem-22289	107	20	chinese	chinese	ADJ
fbem-22289	107	21	family	family	NOUN
fbem-22289	107	22	-	-	PUNCT
fbem-22289	107	23	owned	own	VERB
fbem-22289	107	24	listed	list	VERB
fbem-22289	107	25	firms	firm	NOUN
fbem-22289	107	26	”	"	PUNCT
fbem-22289	107	27	,	,	PUNCT
fbem-22289	107	28	management	management	NOUN
fbem-22289	107	29	international	international	PROPN
fbem-22289	107	30	review	review	PROPN
fbem-22289	107	31	,	,	PUNCT
fbem-22289	107	32	2008	2008	NUM
fbem-22289	107	33	,	,	PUNCT
fbem-22289	107	34	48(3	48(3	NOUN
fbem-22289	107	35	)	)	PUNCT
fbem-22289	107	36	,	,	PUNCT
fbem-22289	107	37	pp.297	pp.297	NOUN
fbem-22289	107	38	-	-	PUNCT
fbem-22289	107	39	318	318	NUM
fbem-22289	107	40	.	.	PUNCT
fbem-22289	108	1	[	[	X
fbem-22289	108	2	3	3	X
fbem-22289	108	3	]	]	X
fbem-22289	108	4	qin	qin	PROPN
fbem-22289	108	5	hailin	hailin	PROPN
fbem-22289	108	6	,	,	PUNCT
fbem-22289	108	7	sun	sun	NOUN
fbem-22289	108	8	jiangao	jiangao	NOUN
fbem-22289	108	9	.	.	PUNCT
fbem-22289	109	1	does	do	AUX
fbem-22289	109	2	the	the	DET
fbem-22289	109	3	deleveraging	deleverage	VERB
fbem-22289	109	4	policy	policy	NOUN
fbem-22289	109	5	reduce	reduce	VERB
fbem-22289	109	6	the	the	DET
fbem-22289	109	7	company	company	NOUN
fbem-22289	109	8	's	's	PART
fbem-22289	109	9	financial	financial	ADJ
fbem-22289	109	10	risk	risk	NOUN
fbem-22289	109	11	?	?	PUNCT
fbem-22289	110	1	—	—	PUNCT
fbem-22289	110	2	—	—	PUNCT
fbem-22289	110	3	based	base	VERB
fbem-22289	110	4	on	on	ADP
fbem-22289	110	5	equity	equity	NOUN
fbem-22289	110	6	concentration	concentration	NOUN
fbem-22289	110	7	.	.	PUNCT
fbem-22289	111	1	[	[	X
fbem-22289	111	2	4	4	X
fbem-22289	111	3	]	]	X
fbem-22289	111	4	zhang	zhang	PROPN
fbem-22289	111	5	xuewei	xuewei	PROPN
fbem-22289	111	6	,	,	PUNCT
fbem-22289	111	7	hu	hu	PROPN
fbem-22289	111	8	xue	xue	PROPN
fbem-22289	111	9	,	,	PUNCT
fbem-22289	111	10	xiao	xiao	PROPN
fbem-22289	111	11	huiyun	huiyun	PROPN
fbem-22289	111	12	,	,	PUNCT
fbem-22289	111	13	et	et	PROPN
fbem-22289	111	14	al	al	PROPN
fbem-22289	111	15	.	.	PROPN
fbem-22289	111	16	research	research	NOUN
fbem-22289	111	17	on	on	ADP
fbem-22289	111	18	the	the	DET
fbem-22289	111	19	division	division	NOUN
fbem-22289	111	20	and	and	CCONJ
fbem-22289	111	21	configuration	configuration	NOUN
fbem-22289	111	22	of	of	ADP
fbem-22289	111	23	mixed	mixed	ADJ
fbem-22289	111	24	reform	reform	NOUN
fbem-22289	111	25	model	model	NOUN
fbem-22289	111	26	from	from	ADP
fbem-22289	111	27	the	the	DET
fbem-22289	111	28	perspective	perspective	NOUN
fbem-22289	111	29	of	of	ADP
fbem-22289	111	30	finance	finance	NOUN
fbem-22289	111	31	:	:	PUNCT
fbem-22289	111	32	based	base	VERB
fbem-22289	111	33	on	on	ADP
fbem-22289	111	34	the	the	DET
fbem-22289	111	35	case	case	NOUN
fbem-22289	111	36	of	of	ADP
fbem-22289	111	37	local	local	ADJ
fbem-22289	111	38	state	state	NOUN
fbem-22289	111	39	-	-	PUNCT
fbem-22289	111	40	owned	own	VERB
fbem-22289	111	41	assets	asset	NOUN
fbem-22289	111	42	platform	platform	NOUN
fbem-22289	111	43	[	[	X
fbem-22289	111	44	j	j	X
fbem-22289	111	45	]	]	X
fbem-22289	111	46	.	.	PUNCT
fbem-22289	112	1	finance	finance	NOUN
fbem-22289	112	2	and	and	CCONJ
fbem-22289	112	3	accounting	accounting	NOUN
fbem-22289	112	4	communication	communication	NOUN
fbem-22289	112	5	,	,	PUNCT
fbem-22289	112	6	2024	2024	NUM
fbem-22289	112	7	,	,	PUNCT
fbem-22289	112	8	(	(	PUNCT
fbem-22289	112	9	10	10	NUM
fbem-22289	112	10	):	):	PUNCT
fbem-22289	112	11	104	104	NUM
fbem-22289	112	12	-	-	SYM
fbem-22289	112	13	110	110	NUM
fbem-22289	112	14	.	.	PUNCT
fbem-22289	113	1	doi	doi	NOUN
fbem-22289	113	2	:	:	PUNCT
fbem-22289	113	3	10.16144	10.16144	NUM
fbem-22289	113	4	/	/	SYM
fbem-22289	113	5	j.cnki.issn10028072.2024.10.013	j.cnki.issn10028072.2024.10.013	ADJ
fbem-22289	113	6	.	.	PUNCT
fbem-22289	114	1	[	[	X
fbem-22289	114	2	5	5	NUM
fbem-22289	114	3	]	]	PUNCT
fbem-22289	114	4	ivalina	ivalina	PROPN
fbem-22289	114	5	kalcheva	kalcheva	PROPN
fbem-22289	114	6	,	,	PUNCT
fbem-22289	114	7	karl	karl	PROPN
fbem-22289	114	8	v.	v.	PROPN
fbem-22289	114	9	lins	lins	PROPN
fbem-22289	114	10	,	,	PUNCT
fbem-22289	114	11	“	"	PUNCT
fbem-22289	114	12	international	international	ADJ
fbem-22289	114	13	evidence	evidence	NOUN
fbem-22289	114	14	on	on	ADP
fbem-22289	114	15	cash	cash	NOUN
fbem-22289	114	16	holdings	holding	NOUN
fbem-22289	114	17	and	and	CCONJ
fbem-22289	114	18	expected	expect	VERB
fbem-22289	114	19	managerial	managerial	ADJ
fbem-22289	114	20	agency	agency	NOUN
fbem-22289	114	21	problems	problem	NOUN
fbem-22289	114	22	”	"	PUNCT
fbem-22289	114	23	,	,	PUNCT
fbem-22289	114	24	review	review	NOUN
fbem-22289	114	25	of	of	ADP
fbem-22289	114	26	financial	financial	ADJ
fbem-22289	114	27	studies	study	NOUN
fbem-22289	114	28	,	,	PUNCT
fbem-22289	114	29	2007,vol.20(4	2007,vol.20(4	NUM
fbem-22289	114	30	)	)	PUNCT
fbem-22289	114	31	,	,	PUNCT
fbem-22289	114	32	pp.1087	pp.1087	PROPN
fbem-22289	114	33	-	-	PUNCT
fbem-22289	114	34	1112	1112	NUM
fbem-22289	114	35	.	.	PUNCT
fbem-22289	115	1	[	[	X
fbem-22289	115	2	6	6	NUM
fbem-22289	115	3	]	]	X
fbem-22289	115	4	peng	peng	PROPN
fbem-22289	115	5	hui	hui	PROPN
fbem-22289	115	6	,	,	PUNCT
fbem-22289	115	7	wang	wang	PROPN
fbem-22289	115	8	kexi	kexi	PROPN
fbem-22289	115	9	,	,	PUNCT
fbem-22289	115	10	zhou	zhou	PROPN
fbem-22289	115	11	zhiqiang	zhiqiang	PROPN
fbem-22289	115	12	.	.	PROPN
fbem-22289	115	13	journal	journal	PROPN
fbem-22289	115	14	of	of	ADP
fbem-22289	115	15	hunan	hunan	PROPN
fbem-22289	115	16	university	university	PROPN
fbem-22289	115	17	of	of	ADP
fbem-22289	115	18	science	science	NOUN
fbem-22289	115	19	and	and	CCONJ
fbem-22289	115	20	technology	technology	NOUN
fbem-22289	115	21	,	,	PUNCT
fbem-22289	115	22	2023	2023	NUM
fbem-22289	115	23	,	,	PUNCT
fbem-22289	115	24	44(05):37	44(05):37	NUM
fbem-22289	115	25	-	-	SYM
fbem-22289	115	26	42	42	NUM
fbem-22289	115	27	.	.	PUNCT
fbem-22289	115	28	doi:10.16336	doi:10.16336	NOUN
fbem-22289	115	29	/	/	SYM
fbem-22289	115	30	j.cnki.cn43	j.cnki.cn43	NOUN
fbem-22289	115	31	-	-	PUNCT
fbem-22289	115	32	1459	1459	NUM
fbem-22289	115	33	/	/	SYM
fbem-22289	115	34	z.2023.05.010	z.2023.05.010	NUM
fbem-22289	115	35	.	.	PUNCT