Has Laos ensnared China in a ‘creditor trap?’

China can neither allow Laos to default on huge debts nor let its small neighbor suffer too much. In the Western vernacular there’s a warning about tails wagging dogs. And the Buddhist adage dictates that when the sage points at the moon, only the fool looks at his finger. The point of both is not… Continue reading Has Laos ensnared China in a ‘creditor trap?’


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