BANGKOK -- China's plan to build a pan-Asian railway through the Indochina region is sputtering as construction of a connection to Thailand has stalled due to deteriorating ties and both countries' diverging priorities.
Part of Beijing's plans for the region came to fruition in December when the China-Laos high-speed railway began operating. Beijing funded 70% of the $6 billion construction project, part of its Belt and Road Initiative. It has also extended loans to Laos to cover the rest. So far, it is believed that Laos has shelled out not much more than $100 million.