Concession

減讓 /减让

jiǎnràng

(partial yielding to demands or requests)

特許權 /特许权

tèxǔquán

(privilege to conduct business)

租界

zūjiè

(historical: territory yielded to the administration of a foreign power)

讓步 /让步

ràngbù

(act of conceding)

讓步 /让步

ràngbù

(admission of defeat)