Amid the current social debate over China's tax burden, former Finance Minister Lou Jiwei has queried the World Bank tax indicators that prompted the discussion.
A couple of weeks ago, Chinese auto-glass tycoon Cao Dewang sparked a heated discussion across China. Cao said his recent $600 million investment to establish a manufacturing branch in the United States for his company, Fuyao Glass Industry Group, was driven largely by China's high taxes, which he claimed are 35 percent higher for manufacturers in China than in the US.
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