Lao economy faces up to challenges this year
The Lao economy will face up challenges this year despite economic growth rate of 7.9 percent in the 2007-08 fiscal year, driven primarily by increased foreign investment and exports of mining commodities, the Lao newspaper Vientiane Times reported Monday.
China is facing mounting economic challenges but can't use that as an excuse to let efforts to reform its economy slip, Treasury Secretary Henry Paulson said Tuesday.