High share prices make targets more expensive, and private equity is still raising record amounts of money, meaning more competition-and higher prices-for acquisitions, lowering potential returns.

高股价致使收购对象更加昂贵，而私募股权仍在筹集创纪录的资金量，这意味着并购活动的竞争更加激烈，价格更高，而潜在的回报则降低了。

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Plus, cloud is lowering the barrier of entry for outsourcing providers, which will in turn multiply their numbers, heightening competition and lowering prices.

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Moreover, imported electricity brings in competition for local generators, potentially lowering electricity prices.

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