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From: MDBG CC-CEDICT Chinese-English Dictionary 漢英字典

 非槓桿化 [ㄈㄟ ㄍㄤˋ ㄍㄢˇ ㄏㄨㄚˋ; fei1 gang4 gan3 hua4]
 deleveraging (i.e. paying off part of a leverage loan)