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And don't miss Shuli Ren and Nisha Gopalan on a very crowded investment consortium at Unicom: "...can the new investors actually craft a (still state-controlled) entity that's able to hire and fire workers and make fast strategic decisions? After this so-called mixed-ownership reform is done, the 14 will theoretically have equal ownership with the government of Unicom's A shares. Several of these firms are bitter competitors, however, so the potential for inter-investor squabbling is great."
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