So Why Did Chinese President Visit Tiny Denmark?

By: Ian Campbell | Mon, Jun 18, 2012
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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:

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

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
Economic Straight Talk

Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
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