Slowing China Economy Ripples Into Laos

A slowing in China’s economy is having rippling effects on Laos, which has been described by the World Bank as having “once of the fastest growing” economies in the East Asia and Pacific region. A decade long mining boom, combined with a rapid development of hydropower, has seen Laos’ growth rate reach over 7 percent a year, allowing national output to more than double, generating some half a million jobs. A key player in the economic progress has been China. A recent World Bank report...

© La Voix de l'Amérique - mercredi 13 juillet 2016