AFP Asia Business
Debt-saddled Laos struggles to tame rampant inflation
Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging.At a market in Vientiane, traders told AFP they have never known business to be so slow, as families have seen the value of …
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China’s Xi urges APEC unity in face of ‘protectionism’
Chinese President Xi Jinping on Saturday called for Asia-Pacific economies to “unite and cooperate” in the face of mounting “protectionism,” at a summit in Peru.Speaking to Asia-Pacific Economic Cooperation (APEC) leaders hours before he is due to hold talks with US counterpart Joe Biden, Xi pointed to “challenges such as geopolitics, unilateralism and rising protectionism.””We …
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