ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Laos debt at 'critical level' with China payments still opaque

Economists say ASEAN nation obscuring true scale of crisis

A recently erected ChinaAid sign stands in front of Laos' national monument in Vientiane. (Photo by Alastair McCready)

VIENTIANE -- When a ChinaAid sign was recently erected in front of the Patuxai monument in Vientiane that honors those who fought for Laos' independence from France, the imagery was grating for many in the Southeast Asian country.

"For a Shared Future" reads the red text on the black stone tablet. The undertones of the message were hard to ignore for social media users in Laos at a time when the country is enduring a long-running economic crisis, and many fear the country's sovereignty is once again being eroded.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more