(17-06-2022, 07:57 PM)Blasterlord2 Wrote: [ -> ]I don't understand how their bankruptcy can be attributed to China. If you need money and you borrow, did you not assess whether you can repay the loan?
If the issue is over whether China's 'loan interest' is too high, is there any proof of this? I only know that Laos has to put up their mines as collateral but isn't this part of the normal loan process? Or people really expect that money borrowed no need to repay? Why don't US provide Laos with free money then?
Laos problems not really due to unable to repay of debt,
as Cn loans are far from due, there is also no news lenders are pressing for payment
What Laos face now is rising fuel cost and depreciating currency due to Fed raise of interest rate.
From Laos news web site, you can sense what is the problem
https://www.vientianetimes.org.la/
17 June 2022
Lao, Thai, Chinese firms ink deal on rail freight
- Sufficient fuel will be available from Monday, govt tells NA
There will be sufficient supplies of fuel available countrywide starting on Monday, until at least August, the government has assured the National Assembly (NA). Minister of Finance Bounchom Oubonpaseuth gave the assurance on Wednesday in response to questions raised by Assembly members during the ongoing 3rd Ordinary Session of parliament’s 9th legislature. The government reached an agreement with companies responsible for fuel supply on Thursday, and has issued a letter of credit pledging 200 million litres of fuel to the Lao State Fuel Company. ..More >>>
- BOL places curbs on currency exchange in bid to stabilise kip
The Bank of the Lao PDR will limit the functions of currency exchange units across the country, as part of efforts to regulate foreign currencies and stabilise the value of the kip. Under the new policy, money changers will be banned from trading in foreign currencies with organisations and companies.
“Currency exchange units will only be allowed to change money for individuals and tourists, up to a maximum 15 million kip per person per day,” the Governor of the Bank of the Lao PDR, Mr Sonexay Sitphaxay, told the National Assembly on Wednesday. ...More >>>
- Lao, Thai, Chinese firms ink deal on rail freight
Four companies, from Laos, Thailand and China, have signed an agreement on the transport of freight using the Laos-China railway, to facilitate the shipment of exports. A Memorandum of Understanding on railway transport cooperation was signed in Vientiane on Wednesday by China’s Haihan International Logistics Co., Ltd., Soldrich Express Co., Ltd. from Thailand, and Sengxay Prosperity Trading Export-Import Co., Ltd. and SX International Trade Import-Export Sole Co., Ltd. from Laos. The agreement was signed by Chairperson of SX International Trade Import-Export Sole Co., Ltd, ....More >>>
Got u again !! 
![[Image: 4e7a72dd-0efa-4683-bb16-0f63c90f29e9.jpeg]](https://www.globaltimes.cn/Portals/0/attachment/2022/2022-04-07/4e7a72dd-0efa-4683-bb16-0f63c90f29e9.jpeg)
