Chinese spend big for Valentine's Day

A recent survey showed that Chinese spending on Valentine's Day has surpassed that in some Eastern European countries.

Spending on jewelry for a Valentine's gift in China reached $350, which is apparently higher than that of some other countries. Russians will spend the most for a Valentine's dinner, at around $200, while in China, the budget of Valentine's dinner amounts to $40, slightly higher than in the Czech Republic and Slovakia.

The survey was conducted by Home Credit, a Czech financial company that has tapped China's consumer finance market since 2007, in the Czech Republic, Slovakia, Belarus, Russia, Kazakhstan, China, Vietnam and India.