@PeriodicallyPedantic@lemmy.ca
Post #1638001
2026-04-16 21:03 UTC
But they haven’t.
Right now PRC holds all the assets and gets all the revenue, and laos holds all the debt and all the risks, for 30 years. China has used this to grant themselves positions of control over large parts of the infrastructure planning.
Replies (1)
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@Cowbee@lemmy.ml 2026-04-16 21:11
China does frequently forgive loans. As socialist countries, China and Laos have strong friendship and cooperative ties. Laos is not in any danger from the loans, and has been steadily developing partially with the assistance of said loans.