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Jiang says Chinese youth can often survive lying flat by relying on retired parents’ pensions, high household savings, and extreme frugality.
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Household Savings
Jiang says Chinese youth can often survive lying flat by relying on retired parents’ pensions, high household savings, and extreme frugality.
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"A very common practice is for young people to go work as nurses or maids for their retired parents. Their parents collect a very..."
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"...for China. All right, another major problem in China is the household savings rate, where it's the highest in the world. The highest in..."
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