Posts Tagged ‘Chinese loans’

China’s promise of prosperity brought Laos debt — and distress

Thursday, October 19th, 2023
Laos

At speeds of almost 100 miles an hour, the Chinese-built train zips over the Mekong River and careers through dozens of newly bored tunnels as it travels north from the capital. At its last stop, near the Chinese border, brand-new residential towers rise out of the jungle. China funded much of the glistening new infrastructure Read more