Chinese Firm Pays Record Price for Waldorf Astoria

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sale – n. the act of selling something

spent – v. (past tense) to give as payment; to use

securities – n. evidence of ownership that has financial value, such as a stock or bond; a financial contract that has value

trade surplus – n. the monetary value by which a country’s exports are greater than a country’s imports

landmark – n. a structure or object on the land that is easily recognized; a building or other structure that is historically important