Laos economic crisis intensifies amid Chinese debt

Vientiane [Laos], October 12 (ANI): The escalating debt crisis in Laos is pushing the country toward a meltdown and even experts believed that Vientiane is on the brink of loan default.

Laos' low foreign exchange reserves make experts worried that the southeast Asian nation might be embarrassingly close to a loan default, Financial Post reported.

Anushka Shah, vice president, and senior credit officer at Moody's Investors