BANGKOK -- Laotian Prime Minister Thongloun Sisoulith has signaled a change in tack to slow the communist-ruled country's slide toward defaulting on its foreign debts: securing foreign financing through equity rather than more loans, the largest source of which has been China.
Economy
Laos shifts to China equity from loans as party congress starts
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Laotian Prime Minister Thongloun Sisoulith, left, and Chinese President Xi Jinping at the Great Hall of the People in Beijing last year. China is Laos' largest lender. © Reuters
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