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commerce
shāng yè
商业
·HSK 6

United States
Měiguó
美国
Congress
guóhuì
国会
to pass / to approve
tōngguò
通过
in decades / over the past decades
shùshí nián lái
数十年来
largest in scale
guīmó zuì dà
规模最大
structural particle
de
的
housing
zhùfáng
住房
affordability
kě fùdān xìng
可负担性
bill / legislation
fāàn
法案
。

United States
Měiguó
美国
Congress
guóhuì
国会
with / by
yǐ
以
bipartisan / both parties
liǎngdǎng
两党
overwhelming
yādǎoxìng
压倒性
majority
duōshù
多数
to pass / to approve
tōngguò
通过
the 21st Century Road to Housing Act
Èrshíyī Shìjì Zhùfáng Fāàn
《二十一世纪住房法案》
，
aimed at / with the goal of
zhǐ zài
旨在
by means of / through
tōngguò
通过
to increase
zēngjiā
增加
housing
zhùfáng
住房
supply
gōngjǐ
供给
in order to
lái
来
to alleviate / to ease
huǎnjiě
缓解
housing
zhùfáng
住房
crisis
wēijī
危机
。

June 24, 2026 at 12:00 PM

United States
Měiguó
美国
Congress
guóhuì
国会
on / at (formal)
yú
于
June 23rd
6 yuè 23 rì
6月23日
with / by
yǐ
以
bipartisan / both parties
liǎngdǎng
两党
overwhelming
yādǎoxìng
压倒性
majority
duōshù
多数
to pass / to approve
tōngguò
通过
the 21st Century Road to Housing Act
Èrshíyī Shìjì Zhùfáng Fāàn
《二十一世纪住房法案》
，
House of Representatives
zhòngyìyuàn
众议院
with / by
yǐ
以
358
sānbǎi wǔshíbā
三百五十八
to / versus
duì
对
32 votes
sānshí èr piào
三十二票
in favor / approving
zànchéng
赞成
。
Senate
cānyìyuàn
参议院
previously / the day before
cǐqián
此前
also / likewise (formal)
yì
亦
with / by
yǐ
以
85
bāshíwǔ
八十五
to / versus
duì
对
5 votes
wǔ piào
五票
by a large margin
gāo piào
高票
to pass
tōngguò
通过
completion particle
le
了
the said / this (formal)
gāi
该
bill / legislation
fāàn
法案
。
the said / this (formal)
gāi
该
bill / legislation
fāàn
法案
to include / to contain
bāohán
包含
more than / over (formal)
yú
逾
fifty items / provisions
wǔshí xiàng
五十项
provisions / clauses
tiáokuǎn
条款
，
core / central
héxīn
核心
goal / objective
mùbiāo
目标
is / being
wèi
为
by means of
tōngguò
通过
to expand / to increase
kuòdà
扩大
housing
zhùfáng
住房
supply
gōngjǐ
供给
in order to
lái
来
to push down / to reduce
yādī
压低
housing
zhùfáng
住房
costs
chéngběn
成本
。
bill / legislation
fāàn
法案
for the first time
shǒucì
首次
toward / regarding
duì
对
private equity
sīmù gǔquán
私募股权
investors
tóuzīzhě
投资者
large-scale
dàguīmó
大规模
purchasing / buying
gòumǎi
购买
single-family
dān jiātíng
单家庭
residential properties / homes
zhùzhái
住宅
structural particle
de
的
behavior / practice
xíngwéi
行为
to impose / to apply
jiāyǐ
加以
restrictions / controls
xiànzhì
限制
。
in addition / furthermore
cǐwài
此外
，
bill / legislation
fāàn
法案
also
hái
还
to stipulate / to specify
guīdìng
规定
，
federal government
liánbāng zhèngfǔ
联邦政府
will (future marker)
jiāng
将
toward / to
xiàng
向
to accelerate / to speed up
jiākuài
加快
housing
zhùfáng
住房
approval process
shěnpī
审批
structural particle
de
的
local governments
dìfāng zhèngfǔ
地方政府
to provide
tígōng
提供
additional / extra
éwài
额外
federal
liánbāng
联邦
funding / funds
zījīn
资金
。
the said / this (formal)
gāi
该
bill / legislation
fāàn
法案
now / currently
xiàn
现
to await
dài
待
president
zǒngtǒng
总统
Trump (Donald Trump)
Tèlǎngpǔ
特朗普
to sign into law
qiānshǔ
签署
after
hòu
后
formally / officially
zhèngshì
正式
to take effect / to come into force
shēngxiào
生效
。

News in English

Business

US Congress Passes Largest Housing Affordability Bill in Decades

The US Congress passed the 21st Century Road to Housing Act with overwhelming bipartisan support, aiming to ease the housing crisis by boosting supply.

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Momenta
Móméng tǎ
摩蒙塔
Hong Kong
Xiānggǎng
香港
listed
shàngshì
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róngjī
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7.52 yì měiyuán
7.52亿美元

Chinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise

Samsung (South Korean electronics company)
Sānxīng
三星
、
SK Hynix (South Korean memory chipmaker)
SK Hǎilìshì
SK海力士
and / together with
yǔ
与
Micron (US semiconductor company)
Měiguāng
美光
to race to / to vie in
jìngxiāng
竞相
to expand / to increase
kuòdà
扩大
AI / artificial intelligence
AI
AI
memory (computing)
nèicún
内存
chip / semiconductor chip
xīnpiàn
芯片
production capacity
chǎnnéng
产能
。

Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity

China
Zhōngguó
中国
artificial intelligence
réngōng zhìnéng
人工智能
company
gōngsī
公司
MiniMax (Chinese AI company)
MiniMax
MiniMax
to complete
wánchéng
完成
$2 billion
èrshí yì měiyuán
二十亿美元
fundraising / financing
róngzī
融资
。

Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale

PepsiCo
Bǎishì Gōngsī
百事公司
earnings / performance
yèjī
业绩
lower than / below
dīyú
低于
expectation / forecast
yùqī
预期
，
the United States
Měiguó
美国
stock market
gǔshì
股市
slightly / marginally
xiǎofú
小幅
to rise / to increase
shàngzhǎng
上涨
。

PepsiCo Earnings Disappoint as US Stocks Edge Higher