A few days ago we saw how Sri Lanka's economy got ruined and how it went bankrupt. There were 2 main reasons for this. The first was the epidemic and the second was a huge debt taken from China. But the World Bank believes that the loan taken from China was the main reason for the ruin of Sri Lanka. And China has trapped many such countries in its debt trap. In which there is also Pakistan, which has reached the level of poverty by taking loans from China, then Bangladesh has also not remained untouched by the debt trap of China.
For this reason, a few days ago, the Foreign Minister of Bangladesh had said that any country should think twice before taking a loan from China! But what about the countries that have already taken loans from China? Because the condition of the economies of those countries is also going very bad.
Laos, which today is badly caught in the debt trap of China, due to which Laos has given many properties of his country to China. So that the installment of China's loan can be paid. At the same time, Laos is also grappling with problems like rising food prices, depleting foreign exchange reserves, long queues in front of petrol pumps, etc. So how has the economy of Laos become so bad?
So in today's video we will know in detail about whether Laos has also been caught in the date trap diplomacy of China? What is Debt Trap Diplomacy? How has Laos reached the brink of bankruptcy? What is the state of the economy of Laos today? You will get to know all that and many more in this video, so stay with us till the end of the video.
