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Laos opens Chinese-built railway line

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And when Laos cannot pay the loans, China will decide to award itself port and mineral rights as it did in Sri Lanka.

2 ( +2 / -0 )

....and another country joins the CCP debt trap. Will they never learn?

0 ( +1 / -1 )

Laos is a communist country so this is understandable. Hopefully Cambodia and Malaysia have better sense.

-1 ( +0 / -1 )

Interesting, China takes credit for copying and selling Japanese technology.

0 ( +0 / -0 )

When it comes to overseas development America has lost its previous position. China has been investing hundreds of billions across the globe while America just stood by and watched. Asia, Africa, Caribbean, South America. Buy up resources like mines.

When the countries can't repay their debts they have to give something up in its place.

0 ( +0 / -0 )

China has been investing hundreds of billions across the globe

Screwing other nations.

While America just stood by and watched.

No, we had Obama that was focused for 8 years to pass Obamacare, radically and heavily expand the government welfare State and Biden is doing the same, there is nothing that they have done for the overall betterment of the nation except grow the government to hand out more entitlements.

Asia, Africa, Caribbean, South America. Buy up resources like mines.

When the countries can't repay their debts they have to give something up in its place.

Like give up all of their natural resources and in return, they get nothing but screwed.

-1 ( +0 / -1 )

China has been investing hundreds of billions across the globe

Screwing other nations.

How does providing billions of dollars in aid to other nations screw them?

1 ( +1 / -0 )

Laos was badly bombed during the Vietnam War. More than any other country.

"American bombers dropped more than two million tons of bombs over the country as part of a covert attempt to wrest power from communist forces."

https://www.history.com/news/laos-most-bombed-country-vietnam-war

Unexploded munitions litter the countryside.

0 ( +0 / -0 )

"American bombers dropped more than two million tons of bombs over the country as part of a covert attempt to wrest power from communist forces."

Ok and the correlation is what? The Chinese think if Laos defaults on this train that they can run in and take all of their natural resources in exchange?

-1 ( +0 / -1 )

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