This is a Laos news story, published by The Thar Tribune, that relates primarily to Xi Jinping news.
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foreign debtThe Thar Tribune
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77% Informative
Laos revealed that its foreign debt has nearly doubled, spurring a need for more delays to avoid default.
With over half of Laos ’s $10.5 billion external government debt owed to China , Beijing is the country's largest creditor.
Laos 's troubles have been compounded as its foreign reserves have declined due to borrowing billions from President Xi Jinping 's government to finance roadways, railways, and hydroelectric dams under the BRI .
Last month , Laos announced it finalised restructuring deals totalling $10 billion .
Critics have long accused China of using debt to trap vulnerable countries that need credit with fewer restrictions.
When these nations struggle to repay their loans, critics allege that Beijing coerces them into relinquishing critical infrastructure assets.
China , however, dismisses these allegations as anti-Chinese propaganda promoted by the West .
VR Score
77
Informative language
75
Neutral language
44
Article tone
formal
Language
English
Language complexity
62
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
Source diversity
4
Affiliate links
no affiliate links