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Jyutping fong3 wai6 sing1
Pinyin fàng wèi xīng

Definitions (Wiktionary)
  1. verb, intransitive, literally, verb-object
    to launch a satellite
  2. verb, Mainland-China, figuratively, intransitive, verb-object
    to make an unrealistic statement

放衛星 [-卫-]

Jyutping
Pinyin fàng wèi xīng

Definitions (CC-CEDICT)
  1. to launch a satellite
  2. (fig.) (neologism during the Great Leap Forward, c. 1958) to achieve prominent success
  3. (later used sarcastically) to make exaggerated claims
  4. to talk big
Examples (Wiktionary)
  1. Mandarin
    放卫星
    放衛星
    fàng wèi xīng
    • to make an unrealistic statement