"The term refers to Chinese youth who don't earn enough to pay the bills, and thus end up" gnawing "through their parents' savings."
这个词是指中国年轻人入不敷出,于是要“啃”父母的积蓄。
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This thesis comes from a research topic "Government Cash Management and T-Bills Operation", which is cooperated by the People's Bank of China and Chinese Finance research Institute of SWUFE.