Inflation in the Southeast Asian nation of Laos spiked to 30.1 percent on an annual basis last month according to the Lao Statistics Bureau. August inflation was roughly five percentage points higher than the 25.6 percent inflation rate posted in July. In August 2021, inflation was only at 3.81 percent. As such, the August 2022…
Laos in Debt Crisis After Joint Venture with China
July 8, 2022
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Asia & PacificBelt and Road BRIChinaFinance & Business TiesGlobal ExpansionInternational RelationsLaos-ChinaSpecial TopicsWorld
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Analysis Laos, in the hope of expanding exports and attracting tourists, built the joint venture Laos-China Railway with China, its most important export market and trading partner. The construction took five years and the railway officially opened at the end of 2021. But as China’s economy currently appears to stall, Laos finds itself in a…
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