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Laos: Another Victim of China's Debt Trap Diplomacy? | Vantage With Palki Sharma
Laos is facing a debt crisis. The country owes China $10.5 Billion, which is more than 75% of its total debt. Laos' debt repayments increased to about a billion dollars last year. Amid the unsustainable debt, Laos has handed control of some of its electricity infrastructure to China. Will Laos be the next nation to fall to China's debt trap diplomacy?
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Laos | China | Debt Trap | Diplomacy | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#laos #china #debttrap #diplomacy #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
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