Laos Looks to Balance China’s Growing Economic Influence

China’s growing influence in Laos, marked by expanded investment and trade, has led some international agencies to warn Laos about an unhealthy financial dependence on China.  Analysts say Laos is looking to balance China’s influence by drawing support from longstanding backer Vietnam as well as the West. In 2014 China became Laos’ leading investor with funds totaling more than $5 billion, with projects in mining, resources, hydropower and agribusiness. Laos and China have agreed...

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