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FT Confidential Research

Southeast Asia's foreign debt spirals

High levels of borrowing a concern for six nations in region

Laos' President Bounnhang Vorachith (L) shakes hands with Chinese President Xi Jinping (R) before a bilateral meeting at Diaoyutai State Guesthouse in Beijing last year    © Reuters

Six Southeast Asian countries, led by Laos, have much higher external debt levels than the developing world average, sparking concern that the region may be heading for a debt crisis.

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