Posts Tagged ‘Laos inflation’

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

Thursday, October 19th, 2023

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

Inflation tops 40% in Laos, squeezing state employees

Thursday, February 9th, 2023

Inflation in Laos hit 40.3% in January, according to the country’s National Statistics Bureau, and even normally well-off state employees are feeling the squeeze. “We’re seeing a lot of hardship,” said a public sector worker in Phongsaly province, along northern Laos’ border with China. “Most state employees have to bring their lunch to the office Read more