Chinese diners spend more on food than GDP of Sweden

The amount that Chinese people spend on eating out is now greater than the GDP of Sweden, reports the US online business news site Quartz.

Hot pot is the favorite food of Chinese people, accounting for 22% of the restaurant market share. [File photo: Xinhua]

According to data from Beijing-based apps Dianping and Meituan, which provide food ordering and delivering services, in the fiscal year of 2016, the estimated amount Chinese people spent on eating out was about 3.5 trillion yuan (507 billion US dollars). 

Among all cuisines, hot pot is the favorite food of Chinese people, accounting for 22% of the restaurant market share. 

According to figures from the World Bank, the total amount Chinese people spend on eating out exceeded many countries’ GDP last year, including several developed countries, such as Sweden and Norway.