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The word "北斗" is formed by combining the character "北", meaning north, with the character "斗", meaning dipper, to directly denote the Northern Dipper asterism.

Word Definition - 北斗

běi dǒu Great Bear; Big Dipper; Beidou or Peitou Town in Changhua County 彰化縣|彰化县[zhāng huà xiàn], Taiwan