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The word "中央社" is formed by sequentially combining three characters: 中, meaning "center"; 央, also meaning "center", with the compound 中央 together signifying "central"; and 社, meaning "society" or "agency", thereby creating a term that literally translates to "central agency", specifically denoting the Central News Agency.

Word Definition - 中央社

zhōng yāng shè Central News Agency (Taiwan)