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

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.

— With assistance by Feiwen Rong

Before it's here, it's on the Bloomberg Terminal. LEARN MORE