citic

USAGE SUMMARY

The phrase "citic" is not correct in written English and does not appear to have a standard meaning.
It may be a misspelling or a truncation of another word, and without context, it cannot be used appropriately. Example: "The term 'citic' does not convey a clear meaning in this context."

⚠ May contain grammatical issues

News & Media

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

46 human-written examples

In 2006 he leased his iron mines to the Chinese-government-owned corporation CITIC Ltd. (formerly CITIC Pacific).

Encyclopedia Britannica

In 1996 it sold 25% of Cathay Pacific, Hong Kong's "flag-carrier" airline to CITIC, a Chinese investment firm, and other mainland investors.Jardine's fall into disfavour followed its decision in 1984 to shift its legal domicile to Bermuda, and then, a decade later, to delist its shares from the Hong Kong market.

The Economist

CITIC began life as a politically well-connected conglomerate spanning banking, mining and property.

The Economist

Palmer is embroiled in a legal battle with subsidiaries of Chinese government-owned miner Citic Pacific over what they say is the misuse of company funds which ended in PUP coffers.

The Guardian

Swire and CITIC both reduced their holdings in Cathay and Air China bought 17.5% of it.

The Economist

The China representative for Calyon, a foreign brokerage that has a joint venture with the government-backed CITIC, says it is inching towards approval from the authorities that will allow it to enter the market.There are some glimmers of light for foreign companies looking for openings.

The Economist

Human-verified similar examples from authoritative sources

Similar Expressions

14 human-written examples

In its 2001 listing Forbes backtracked a bit, saying that his wealth ($1.9 billion in 2000) should really be attributed to his son, Larry Yung, head of CITIC-Pacific in Hong Kong.

The Economist

Last year, CITIC Pacific connived in a successful attempt by the Chinese government to bully the Swire group into decreasing its stake in its main money spinner, the Cathay Pacific airline.

The Economist

But the kind of incremental shift in share ownership that would signify little at a Western firm can speak volumes when Chinese state-owned firms are involved.The four parties to the deal, including Citic Pacific, which is selling the shares, and Swire Pacific, the conglomerate that already owns 40% of Cathay and is buying 2% more, are Hong Kong-listed companies.

The Economist

See articleThe share price of CITIC Pacific, part of China's largest state-owned investment group, plunged by 55% after it said it could lose up to $2 billion after betting that the Australian dollar would strengthen.

The Economist

More ominously, on October 20th CITIC Pacific, a Chinese steel and property company, revealed losses that could reach $2 billion, stemming in part from a derivative that hedged currency movements within a band that proved too narrow to protect its revenues.Asian companies are more likely to suffer such derivative-related losses than European and (especially) American firms.

The Economist

Expert writing Tips

Best practice

Double-check the spelling and context. "Citic" may be a misspelling or an abbreviation specific to certain contexts. If you intend to refer to the Chinese conglomerate, ensure the full and correct name, such as "CITIC Group" or "CITIC Pacific", is used.

Common error

Avoid using "citic" without proper context or clarification, especially if your audience may not be familiar with the term. Always provide the full name and relevant details to ensure clarity.

Linguistic Context

The primary grammatical function of "citic", when correctly used, is as a noun, specifically a proper noun referring to the Chinese state-owned investment corporation. However, Ludwig AI indicates that the word itself is not correct in the written English language.

Expression frequency: Very common

Frequent in

News & Media

50%

Encyclopedias

30%

Formal & Business

20%

Less common in

Science

0%

Reference

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, while "citic" appears frequently in various sources, particularly in News & Media and Formal & Business contexts, Ludwig AI points out that it is not correct as a standalone English word. It commonly functions as a proper noun, representing the Chinese state-owned investment corporation, but may be a misspelling or abbreviation that requires clarification. When writing, ensure accuracy by using the full and correct name, such as "CITIC Group" or "CITIC Pacific", especially when clarity is paramount.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Citic Group

Referring to the full name of the conglomerate.

Citic Pacific

Referring to a subsidiary or specific division within Citic.

Citic Securities

Referring to a specific branch of Citic

citizen

A homophone that refers to a member of a particular country or community.

city dweller

Refers to a person who lives in a city.

Investment corporation

Describing the type of entity Citic is

hsinc

A potential misspelling correction based on similar search results

shinc

A potential misspelling correction based on similar search results

xinc

A potential misspelling correction based on similar search results

aforesaid

Referring to something previously mentioned

FAQs

What does "citic" mean?

"Citic" on its own is not a recognized English word. It's likely a misspelling or abbreviation. It often refers to a large Chinese state-owned investment company, but always check the context. Consider alternatives such as "Citic Group" or "Citic Pacific" when intending to mention this entity.

Is "citic" a misspelling?

Yes, "citic" may be a misspelling. Possible correct spellings could be "citizen" or be a short version for Chinese Investment and Trust Corporation (CITIC), which is a Chinese state-owned investment company. Pay attention to the context.

How to use "Citic Group" in a sentence?

You can say something like, ""Citic Group" is a large Chinese state-owned investment company involved in various sectors."

What is the full name of Citic?

The acronym "CITIC" typically refers to the China International Trust and Investment Corporation, now known as "Citic Group". Depending on the context, it might also refer to "Citic Pacific" or other related entities.