挟天子以令诸侯

xié tiān zǐ yǐ lìng zhū hóu

(expr.) hold the feudal overlord and you control his vassals

挟

xié

(bound form) to clasp under the arm

天

tiān

day

子

zǐ

son

以

yǐ

abbr. for Israel 以色列[Yi3 se4 lie4]

令

lìng

to order

诸

zhū

all

侯

hóu

marquis, second of the five orders of ancient Chinese nobility 五等爵位[wu3 deng3 jue2 wei4]