共产主义青年团

gòng chǎn zhǔ yì qīng nián tuán

the Communist Youth League

共

gòng

common

产

chǎn

to give birth

主

zhǔ

owner

义

yì

justice

青

qīng

abbr. for 青海[Qing1 hai3], Qinghai Province

年

nián

grain

团

tuán

dumpling

shared (共) + production (产) + principal (主) + meaning (义) + youth (青) + year (年) + group (团) = Communist Youth League

The name is a compound of ideological and organizational terms: communism (共产主义) is the doctrine, youth (青年) names the members, and league (团) names the body. Reading the characters left to right essentially spells out the organization's full identity.