Vientiane [Laos], August 10 (ANI): Laos, a south-east Asian nation is at a high risk of default as the country has taken huge loans from China to build its large-scale infrastructure projects, giving new momentum to the ‘debt trap’ diplomacy.
Laos is at high risk as it is deeply indebted to China for large-scale infrastructure projects, financial experts said.
And the international rating agency Moody’s downgraded Laos’ c
Laos finds itself in China’s ‘debt trap’: Report
