A Critical Analysis of the Role of Economic Corridors in the Rise of China in Asia

Abstract

The purpose of this research study was to critically analyze the plans of China to develop its economy by connecting itself with the rest of the world through roads network. For this purpose, qualitative research was adopted in which secondary sources were taken. The literature available was thoroughly reviewed, and an interpretive analysis technique was used to analyze and reach a conclusion. The study has concluded that the economic corridor of Central and West Asia has to face a multitude of problems, but these regions are also replete with natural resources. The challenges like infrastructure development and lack of funds could hamper local growth. The study observes that the CCWAEC will promote economic and commercial collaboration and capital flows to these regions and improve regional economic and social development.