A farmer works in a paddy field under power lines in Laos’ Khammouane province in this 2013 file photo. Photo: Reuters
A farmer works in a paddy field under power lines in Laos’ Khammouane province in this 2013 file photo. Photo: Reuters
Laos

Chinese firm ‘to take majority control’ of Laos’ electric grid amid belt and road-linked debt default fears

  • China is Laos’s biggest creditor, and the deal will bind the landlocked, mountainous country of 7 million people closer to its giant neighbour
  • Laos has spent heavily on China-financed hydroelectric schemes and a new Chinese high speed railway – sparking warnings of a potential debt default

A farmer works in a paddy field under power lines in Laos’ Khammouane province in this 2013 file photo. Photo: Reuters
A farmer works in a paddy field under power lines in Laos’ Khammouane province in this 2013 file photo. Photo: Reuters
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