Gravitas: Another Chinese Debtor faces default
Edited By WION Video Desk
Published: Jun 16, 2022, 01:47 IST | Updated: Jun 16, 2022, 01:47 IST
After Pakistan and Sri Lanka, Laos is staring at a default., The country's cash reserves have plummeted and there is a serious shortage of fuel. Laos owes $14.5 Billion to its creditors. About half of the public debt is owed to China. Palki Sharma tells you more.
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