Translation of a new Chinese term referring to the hordes of incompetent, unmotivated, usually duped young exchange students from nouveau riche and bureaucratic capitalist families from the People's Republic of China in various countries as part of a continuing trend from the late 1990s, partly due to the need of the new upstart segment of China to transfer their illegally obtained incomes overseas.

Many members of the "Exchanged Trash" group ended up in the lowest social niches of their host countries and are wasting their lives.