China's Arctic Calculus and Iceland
Beijing has begun to play a proactive role in the affairs of the Arctic seeking permanent observer status in the Arctic Council and has also made strong overtures towards some of the Arctic states by extending its domain and influence into the region through its assiduous diplomacy and grand strategy to nurture and sustain cordial bilateral relations.
The economic bailout package and the speed with which China salvaged Iceland when its economy was on the verge of collapse have created a new constituency in Iceland government circles who look at China favourably.