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Belt And Road Initiative Newsletter

BRI (Laos)

LAOS

  • Laos is set to cede majority control of its electric grid to a Chinese company, as it struggles to stave off a potential debt default. The deal comes at a time when critics accuse Beijing of “debt trap diplomacy” to gain strategic advantage in countries struggling to repay loans taken out under Belt & Road Infrastructure Initiative.

SOURCE: BELT AND ROAD NEWS

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