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The Chinese spends more on eating out than the GDP of Sweden

 

The Chinese spent more than half a trillion dollars eating out at restaurants last year, according to a new report by Beijing-based Dianping and Meituan, which offers food-ordering and delivery services.

The firm estimates China spent 3.5 trillion yuan ($507 billion) dining out in 2016. That is more than Sweden’s GDP for 2016 of 4.4 trillion kronor ($499 billion).

Quartz said China's eating out spendings are also bigger than the economy of Poland, Thailand, Belgium, United Arab Emirates and Iran.

Now, Sweden also wants a piece of the Chinese pie. Sweden’s Minister of Agriculture, Sven-Erik Bucht visited Hong Kong i May in connect with Asia’s leading food fair Hofex in a push for Swedish food expoert to China.

”The demand for ecologic food has increased in both Hong Kong and China in recent years. The interest in Swedish food is big since it has a good reputation and is seen to be of good quality,” the minister said.

Last Updated (Wednesday, 17 May 2017 03:25)

 

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