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Monday, April 29, 2024

Laos opens railway to China as debt to Beijing rises

The prime minister of Laos has ridden the first run of a $5.9 billion Chinese-built train connecting his isolated, mountainous country with southern China

Both governments tout the 1,035-kilometer (642-mile) line from the Lao capital, Vientiane to Kunming in China’s poor southwest as a boost to economic growth. But it leaves a debt that foreign experts warn Laos, a country of 7 million people wedged between China, Vietnam and Thailand, might struggle to repay.

The railway is one of hundreds of projects under Beijing’s Belt and Road…

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