The Chinese eat $ 636 billion in 2018!

The Chinese food and beverage industry hit a record 4.27 billion yuan ($ 636 billion) last year, according to the Chinese Kitchen Association.

"The food and beverage industry has played an important role in boosting consumption and boosting the economy," said Jiang Junxian, president of the association.

"Chinese consumers are paying more attention to food security, nutrition and health, and have more diverse dietary requirements, so that high quality foods will dominate the industry. industry in 2019. "

Shandong, Guangdong, Jiangsu, Hebei and Henan provinces posted revenues of more than 300 billion yuan last year.

In comparison, Chinese spending on food and beverages accounted for nearly a year of foreign exchange reserves held by Saudi Arabia, the United Arab Emirates and Qatar ($ 646 billion).

Saudi Arabia's reserves amounted to 1.86 trillion riyals (about $ 496 billion) at the end of December last year, while UAE reserves rose to 365.4 million. billion dirhams (about 100 billion dollars), while those of the Central Bank of Qatar rose to 179.78 billion riyals billion dollars).

Source: agencies