三角债

三角債

sānjiǎozhài

noun

Measure Word

一笔三角债 bǐ

Meanings

1 triangular debt
2 a chain of mutual unpaid debts among three or more parties

Characters

Examples

九十年代国企之间的三角债问题非常严重。

Jiǔshí niándài guóqǐ zhījiān de sānjiǎozhài wèntí fēicháng yánzhòng.

In the 1990s, triangular debt among state-owned enterprises was a very serious problem.

供应商陷入三角债，资金链快要断了。

Gōngyìngshāng xiànrù sānjiǎozhài, zījīnliàn kuàiyào duàn le.

The supplier is caught in a chain of triangular debt — its cash flow is about to break.

Tips

history

A 1990s buzzword in China when state-owned enterprises owed each other huge sums in interlocking chains. The central government launched a major 清理三角债 (clean-up campaign) in 1991-1992 to break the cycle.

Stroke Order

三 sān

角 jiǎo

债 zhài