The Chinese word "奥林匹克" is formed through phonetic transliteration of the English word "Olympic", where each character is selected solely for its sound to approximate the original: 奥 (ào) corresponds to "O", 林 (lín) to "lym", 匹 (pǐ) to "pi", and 克 (kè) to the "c" sound, creating a term that mimics the pronunciation of the source word.