What changes have taken place in Laos because of the Belt and Road Initiative?

Updated on Financial 2024-06-03
10 answers
  1. Anonymous users2024-02-11

    Laos is the only landlocked country in ASEAN, and the lack of roads in the mountains is a major obstacle to Laos' economic development. As part of the Trans-Asian Railway, the China-Laos Railway shoulders the strategic mission of transforming Laos from a "land-locked country" to a "land-linked country".

    The China-Laos Railway will run through Laos, connecting the Lao capital Vientiane with the China-Laos border in the north and Thailand in the south, and will also connect the railway networks of other countries in the Indochina Peninsula, so that Laos' rich natural resources can be brought to the world and Laos will be connected to the world. After the completion and opening of the road, the time from the China-Laos border to Vientiane will be shortened from 16 hours by car to 3 hours by train.

    In Vientiane City, the first phase of the construction of the Saiseta Comprehensive Development Zone, which is a cooperation between China and Laos, has been completed. More than 30 enterprises have settled in the park.

    The Saiseta Development Zone is planned to be constructed in three phases. After completion, it is expected to attract about 150 enterprises, with an annual output value of up to US$6 billion, create more than 30,000 local jobs, and provide US$300 million in fiscal revenue to Vientiane City and Laos** every year.

    In April this year, when inspecting the Saiseta Development Zone, the then leader of Laos, Jumali Saiyasong, said that the Saiseta project would become a model for Laos-China ties and cooperation.

    In November 2015, China and Laos cooperated to successfully launch the Laos-1 satellite from the Xichang Satellite Launch Center in China.

    On the banks of the Mekong River, four huge communication antennas have been used to provide communications and satellite television services to Laos and the entire Indochina Peninsula through this satellite.

    Ding Yongbing, general manager of APSSAT, hopes that the Laos-1 satellite can create a "heavenly road" for promoting bilateral cultural and cultural exchanges between China and Laos and China-ASEAN.

  2. Anonymous users2024-02-10

    As an important infrastructure project of the Belt and Road Initiative, the China-Laos Railway is under construction. According to the plan, the railway will be completed in 2021. At that time, Laos, which is mountainous and lacks roads, will realize the transformation from a "land-locked country" to a "land-linked country".

  3. Anonymous users2024-02-09

    Under the Belt and Road Initiative, China has strengthened communication and consultation with relevant countries along the Belt and Road, and promoted a number of key cooperation projects with mature conditions in the fields of infrastructure connectivity, industrial investment, resource development, economic and trade cooperation, financial cooperation, people-to-people exchanges, ecological protection, and maritime cooperation. As a result, it has led to the economic development of the Laos Special Economic Zone. It can be seen in the corporate aspect of its occupancy.

  4. Anonymous users2024-02-08

    With the advancement of the Belt and Road Initiative, the number of Chinese tourists visiting Laos has doubled, more and more Chinese factories have been invested and built, and the infrastructure of Laos, which is relatively backward, has also been improved.

  5. Anonymous users2024-02-07

    Because of the Belt and Road Initiative, Laos' national infrastructure construction has been strongly supported by China, with increased employment, increased business activities, and improved people's economic level.

  6. Anonymous users2024-02-06

    Driven by China's Belt and Road Initiative, Laos has undergone earth-shaking changes, and at least some of its people have become wealthy.

  7. Anonymous users2024-02-05

    Because of the Belt and Road Initiative, a lot of changes have taken place, and its economy has developed to a great extent, which can be said to be a qualitative leap, and then it can also have friendly exchanges with neighboring countries.

  8. Anonymous users2024-02-04

    What changes have taken place in Laos because of the Belt and Road Initiative? I think they've changed, and there's a lot of it, and their economy and all aspects are growing rapidly.

  9. Anonymous users2024-02-03

    What changes have taken place because of the Belt and Road Initiative? Lao Wo because of the Belt and Road Initiative, the economy there has undergone earth-shaking changes.

  10. Anonymous users2024-02-02

    Laos has undergone a transformation in economic development because of the Belt and Road Initiative.

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