“China-central Asia-west Asia Economic Corridor”
THE China-central Asia-west Asia Economic Corridor (CCWAEC) links China and the Arabian Peninsula. The vast region it covers generally follows the trajectory of the ancient Silk Road. The corridor starts from China’s Xinjiang and traverses Central Asia before reaching the Persian Gulf, the Mediterranean Sea and the Arabian Peninsula. It crosses five Central Asian countries (Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan) and 17 countries and regions in West Asia (including Iran, Saudi Arab and Turkey). It is an important component of the Silk Road Economic Belt.
Central and West Asia are rich in resources, but many factors - backward infrastructure and lack of funds in particular - hinder local development. The CCWAEC will facilitate economic and trade cooperation and flow of capital to these regions, boosting local economic and social development.