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私有化

yǒu huà privatization / to privatize
personal / private / selfish
yǒu private / privately-owned
  yǒu to have; there is / (bound form) having; with; -ful; -ed; -al (as in 有意 intentional)
   huā variant of
   huà to make into / to change into / -ization / to ... -ize / to transform / abbr. for 化学
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