设立 shèlì to set up
to set up; to establish
How to remember 设立: 设 to build + 立 to stand = to set up.
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How it is used
- To establish / set up (an institution, post, fund) - 设立奖学金 (shèlì jiǎngxuéjīn) establish a scholarship, 设立办事处 set up an office.
- Formal; for founding organizations, positions, or programs, not installing objects.
- Distinguish from 设置 (shèzhì), which leans to setting/configuring things and parameters.