And what latter executes is collective system of ownership.

而后者实行的是集体所有制.

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This enterprise is collective system of ownership at first, manage for system at turning 1995.

本企业最初为集体所有制, 于1995年转为股份制经营.

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The 3 rd, much transforms business of collective system of ownership control a company for share collaboration.

第三, 集体所有制企业大部分改造成为股份合作制企业.

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