Laos is spiraling toward a debt crisis as China looms large – CNBC
A pedestrians at a bus station in Vientiane, Laos, on Saturday, June 24, 2023. Valeria Mongelli | Bloomberg | Getty Images An alarming debt crisis has unfolded in Laos in recent years, raising worries about the tiny nation’s obligation to its biggest creditor China. China became the largest foreign investor in Laos in late 2013…