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China s manufacturing and industrial hubs hit by power shortages

China s manufacturing and industrial hubs hit by power shortages
naturalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalnews.com Daily Mail and Mail on Sunday newspapers.

Roads to nowhere, abandoned railways and half-built bridges - China s debt traps schemes which cost nations BILLIONS

Roads to nowhere, abandoned railways and half-built bridges - China s debt traps schemes which cost nations BILLIONS
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Future of Laos, its fiscal stability, hinges on China

Future of Laos, its fiscal stability, hinges on China 03 Jul 2021, 15:27 GMT+10 Bangkok [Thailand], July 3 (ANI): The Southeast Asian nation of Laos is struggling to meet its debt obligations amid sovereign downgrades and depleted foreign reserves. Peter Janssen, writing in Asia Times said that the future of the country s economy, and its fiscal stability, hinges greatly on mainland China. This week Laos redeemed a USD 150 million bonds listed on the Singapore Exchange, chipping away only slightly at its ballooning external debt owed over the next five years, reported Asia Times. Moody s and Fitch credit rating agencies both downgraded Laos sovereign ratings last year in response to the nominally communist country s escalating public debt, declining foreign exchange reserves and concerns about potential defaults on debts coming due, reported Asia Times.

Future of Laos, its fiscal stability, hinges greatly on China: Expert

The Southeast Asian nation of Laos is struggling to meet its debt obligations amid sovereign downgrades and depleted foreign reserves. Peter Janssen, writing in Asia Times said that the future of the country s economy, and its fiscal stability, hinges greatly on mainland China. This week Laos redeemed a USD 150 million bonds listed on the Singapore Exchange, chipping away only slightly at its ballooning external debt owed over the next five years, reported Asia Times. Moody s and Fitch credit rating agencies both downgraded Laos sovereign ratings last year in response to the nominally communist country s escalating public debt, declining foreign exchange reserves and concerns about potential defaults on debts coming due, reported Asia Times.

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