“China-cen­tral Asia-west Asia Eco­nomic Cor­ri­dor”

ChinAfrica - - China Report -

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.

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