To be in a highly precarious or dangerous situation, on the verge of destruction; facing imminent peril.
这家企业长期经营不善，如今已是幕燕釜鱼，随时面临破产的风险。
The company's long-term poor management has left it in a highly precarious state, like swallows on a tent or fish in a cauldron, facing the risk of bankruptcy at any moment.
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