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How China acts within the Zambian debt restructuring course of will little doubt be carefully watched in Laos. That is due to rising fears that the Southeast Asian nation might be the subsequent to fall into debt misery.
Laotian public debt now stands at $14.5 billion, of which about half is owed to China. As with Zambia, infrastructure loans contributed to this burden. Laos is on the hook for 30% of the $5.9 billion railway connecting it with China.
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