Wednesday, February 22, 2012

China injects massive amounts of money into Lao public sector

Quote from Vientiane Times:
Under the agreements, China will provide 150 million yuan of grant aid to build the International Convention Centre in Laos. China will also provide an interest free loan of 50 million yuan to the Lao government and another special loan for the construction of a police command centre. Another agreement signed between the two countries was for a project to repair and upgrade the National Culture Hall
It wasn't mentioned what China got in return. China is a major foreign investor in Laos, with Chinese investmentin total over US$4.46 billion in 742 projects.

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