China Finance Ministry Says Tax Burden ‘Not Heavy,’ Xinhua Says

Nov. 14 (Bloomberg) -- China’s overall tax burden, measured by tax to gross domestic production ratio, isn’t heavy compared with the global average, the Xinhua News Agency said today, citing the Ministry of Finance.

China’s tax to GDP ratio was 26.4 percent in 2010 and 25.3 percent in 2009, the official news service said. The world average was 36.4 percent in 2009, including 40.8 percent in developed countries, it said.

To contact Bloomberg News staff for this story: Feiwen Rong in Beijing at frong2@bloomberg.net

To contact the editor responsible for this story: Richard Dobson at rdobson4@bloomberg.net