• 511 days Will The ECB Continue To Hike Rates?
  • 512 days Forbes: Aramco Remains Largest Company In The Middle East
  • 513 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 913 days Could Crypto Overtake Traditional Investment?
  • 918 days Americans Still Quitting Jobs At Record Pace
  • 920 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 923 days Is The Dollar Too Strong?
  • 923 days Big Tech Disappoints Investors on Earnings Calls
  • 924 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 926 days China Is Quietly Trying To Distance Itself From Russia
  • 926 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 930 days Crypto Investors Won Big In 2021
  • 930 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 931 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 933 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 934 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 937 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 938 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 938 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 940 days Are NFTs About To Take Over Gaming?
Ian Campbell

Ian Campbell

Through his www.BusinessTransitionSimplified.com website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world…

Contact Author

  1. Home
  2. Markets
  3. Other

So Why Did Chinese President Visit Tiny Denmark?

Why Read: To observe China's possible overall strategy from a different vantage point, and to think about that strategy and what it means some more.

Featured Article: An article this morning suggests that Chinese President Hu Jintao's three day visit to Denmark last week may have been less about meeting Danish Royalty, and more about Greenland's mineral wealth.

Commentary: Denmark, a small country of about 5.5 million population:

  • had a reported 2011 GDP of U.S.$333 billion (about ½ of 1% of 2011 estimated world GDP and 32nd largest economy measured by GDP in the world - Wikipedia); and,

  • measured by GDP, Denmark is about 10% larger than Greece.

Importantly, the Kingdom of Denmark owns the Farce Islands in the North Atlantic, and (importantly) owns Greenland.

So why would President Jintao spend three days there? One logical explanation is that China is interested over time in establishing a working relationship with tiny Denmark, in order to work with Denmark (to China's long-term strategic advantage) to develop Greenland's perceived resources.

This makes a great deal of sense. It makes even more sense in the contexts of the current world economic issues, and the patience the Chinese often exhibit in their approach to accomplishing things.

Watch for more reports of ongoing dialogue between China and Denmark over the forthcoming months and years - in mineral resources, the Danish fishing industry, and possibly in oil & gas developments.

Greenland's minerals loom in China - Denmark ties
Source: Mining Weekly (from Reuters), June 18, 2012
Reading time: 4 minutes, thinking time longer

 

Back to homepage

Leave a comment

Leave a comment