Cìjí dàikuǎn wēijī yǐnfā le quánqiú jīnróng fēngbào.
The subprime mortgage crisis triggered a global financial storm.
Tips
usage
次级 became well-known globally after the 2008 financial crisis through the phrase 次级贷款 - subprime mortgage. 次 means secondary or lower-tier, while 级 means grade or level.
