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Cowbee@lemmy.ml ⁨10⁩ ⁨hours⁩ ago

They frequently do, they can’t afford to run endless charity though, so loans with few restrictions are often used to help speed up development in a more sustainable way.

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PeriodicallyPedantic@lemmy.ca ⁨6⁩ ⁨hours⁩ ago
But they haven’t.
Right now PRC holds all the assets and gets all the revenue, and laos holds all the debt and all the risks, for 30 years. China has used this to grant themselves positions of control over large parts of the infrastructure planning.

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- Cowbee@lemmy.ml ⁨6⁩ ⁨hours⁩ ago
  China does frequently forgive loans. As socialist countries, China and Laos have strong friendship and cooperative ties. Laos is not in any danger from the loans, and has been steadily developing partially with the assistance of said loans.
  
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  - PeriodicallyPedantic@lemmy.ca ⁨6⁩ ⁨hours⁩ ago
    China and laos have strong friendship… According to China today? 🤨
    
    I’m not saying that China is currently taking advantage of Laos, I’m saying that China has put Laos in a position where nothing is stopping them from taking advantage of Laos. The threat is implicit.
    
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    marxismtomorrow@lemmy.today ⁨5⁩ ⁨hours⁩ ago
    What could China do that the US dropping more bombs than were dropped during the entirety of WWII didn’t do?
    
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    Cowbee@lemmy.ml ⁨5⁩ ⁨hours⁩ ago
    Here’s what Thongloun said:
    
    In his New Year greetings to Xi, Thongloun said that with Xi’s care and guidance, traditional Laos-China friendship has grown stronger, political mutual trust has deepened, and their comprehensive strategic cooperation has yielded fruitful results.
    
    Thongloun has pledged to instruct various departments of his country to work with the Chinese side to ensure the success of the celebrations marking the 65th anniversary of diplomatic relations and the friendship year, build a Laos-China community with a shared future with high standards, high quality and high level, and continue to elevate bilateral relations and practical cooperation in all fields to new heights in the new era, setting an example for building a community with a shared future for humanity.
    
    It isn’t just a baseless “trust me bro,” China daily just reported on diplomacy between Laos and China. Either way, it sounds like you’re confusing the potential for bad for bad itself, for the time being there’s absolutely nothing to suggest China taking advantage of Laos.
    
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