The Advent Of Beijing Lebensraum: Chinese Tycoon Plans To Buy 0.3% Of Iceland

Tyler Durden's picture

Over the past decade China has been stuck in an inventory stockpiling and mercantilist process tolling mode, even as it has been posturing about expanding its middle class. Well, the Chinese empire may be finally hinting at what the "next steps" may be. FT reports that Chinese real estate tycoon and former Chinese Central Propaganda Department official Huang Nubo, has struck a deal to acquire 300 square kilometers of "wilderness in north-east Iceland where he plans to build an eco-tourism resort and golf course." That, at least, is the party line. Nobody however is buying it: "Opponents have questioned why such a large amount of land – equal to about 0.3 per cent of Iceland’s total area – is needed to build a hotel. They warned that the project could provide cover for China’s geopolitical interests in the Atlantic island nation and Nato member." And after securing a landing area equidistant from Europe and the US, China will next proceed to purchase bits and pieces of Greece, Spain, Ireland, Portugal, etc. After all, the nouveau-IMF piper ultimately always demands his price for keeping the western world ponzi alive and running for a few more months.

From FT:

The deal has been agreed with private landowners but must still be approved by the Icelandic government, which owns part of the land, which is known as Grímsstadir á Fjöllum.


Ögmundur Jónasson, the Icelandic interior minister, who would be responsible for the decision, signalled concern over the plan. “China has been very active in buying up land around the world so we need to be aware of the international ramifications,” he told the Financial Times.


In addition to its proximity to potential deepwater ports, the land also includes one of Iceland’s biggest glacial rivers.


Mr Huang, who previously worked at China’s Central Propaganda Department and the Ministry of Construction, has sought to reassure Icelanders over his intentions by pledging to renounce all rights to water running through the land.


People familiar with the deal said that Mr Huang had agreed to pay almost IKr1bn ($8.8m) for the land and planned to invest IKr10bn-IKr20bn in the tourism project.

More on Huang:

Mr Huang is ranked by Forbes as China’s 161st richest man, with a net worth of $890m. His company, Zhongkun Group, owns resorts and tourist facilities across China. He describes himself as a poet and adventurer, having climbed Mount Everest and reached the north and south poles.


People close to him say his interest in Iceland is motivated by his love of nature rather than geopolitics.

And on China's "close" ties with Iceland:

China last year agreed a $500m currency swap deal with Iceland which was widely viewed as a sign of Beijing’s desire to build links with Reykjavik. The two countries are already discussing co-operation on Arctic shipping as part of Beijing’s broader interest in the potential to ship goods to Europe and the US east coast across the North Pole as Arctic ice recedes.


The land that Mr Huang intends to buy is in the vicinity of a deepwater port, although the land itself does not include any coastline, according to a person familiar with the deal.

We are confident that imminent Chinese annexations of various Greek, and soon other, territorial interests in exchange for worthless pieces of paper, will also be predicated out of a love for nature.

And when that soundbite fails, there is always the trusty, and far more accurate, fallback: Lebensraum. 

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Pool Shark's picture

Why fight a war to gain a military toe-hold in the western hemisphere, when you can simply buy one at a substantial discount?

bankrupt JPM buy silver's picture
Lebensraum, lol, fuck I love this site. Lebensraum!

Hitler loved

Fukushima Sam's picture

You mean Boise...

"A Chinese national company is interested in developing a 10,000- to 30,000-acre technology zone for industry, retail centers and homes south of the Boise Airport.

Officials of the China National Machinery Industry Corp. have broached the idea — based on a concept popular in China today — to city and state leaders.

They are also interested in helping build and finance a fertilizer plant near American Falls, an idea company officials returned to Idaho this month to pursue."

falak pema's picture

idaho the chinese eat potatoes, with their noodles?

Cathartes Aura's picture

I'm sure they'll leave the GMO potatoes to those who like their "freedom fried" - I've read where the "zones" will be as self-contained cities, providing all services, including preferred foods, to their workers. . . really, they're just sending out a landing pod, y'know.

redcorona's picture

Combined with plastic, potatoes make semi edible rice, even cheaper than real rice.

hivekiller's picture

They want to buy up their food and ship it home. Count on our politicians to sell us out and let them do it.

jonjon831983's picture

Almost like how Global pension and hedge funds buy up farmland around the world, ie Africa?

cranky-old-geezer's picture



You mean Boise...

I expect local & state governments will sart selling large tracts of "public" land to the chinese government posing as entrepreneurs.  They have boatlods of US currency after all.

Selling public assets to foreigners.   Last gasps of a dying nation. 

Jack Sheet's picture

Isn't this what the Japanese were doing in the 80s? They must have left plenty  over.

chumbawamba's picture

EGADS!  0.3%!  ZERO POINT THREE PERCENT!!!  That's like, um, a fraction of the country.  Less than one third of one percent, I think (my calculator is broken).  Where will all the Icelanders live?

- Chumblez.

Milestones's picture

J.C.!!! there are several ranches out here in the west bigger than 300 Klicks.       Milestones

Turpentine Soul's picture

T-Shirt idea:

"Der Fuhrer dreamed of Lebensraum, and all I got was this lousy living room."

onelight's picture

Ice Station Panda???


[ couldn't resist :) ]

He_Who Carried The Sun's picture

... after all, their new carriers need a place to cruise to and refuel.

dick cheneys ghost's picture

They want some of that "arctic" oil...........

Newsboy's picture

And why a shockwave on Virginia quake seismograph, instead of typical earthquake pattern. Who felt it?

Cathartes Aura's picture

thanks for the link Newsboy, that's a great resource site - too many "anomalies" surrounding that "quake" as we move towards key "number" dates those quirky conspirators favour. . .

Newsboy's picture

I don't know how credible that is. It is intriguing, but how do you fact-check it? Somebody putup a shock wave graph. I'm trying to find anybody who has felt a few quakes, who felt this one, to comment on if it built up and faded off like a normal quake, or just hit like a shock wave. No luck yet.

TheDriver's picture

That author is delusional. His first two points are so insanely off-base that you can't take the rest of his post seriously.

Newsboy's picture

Did you feel the quake?

That's what I'm looking for.

tpberg7's picture

They seek a strategic foward base and this will make an excellent location!

reader2010's picture

Those Chinese firmly believe another era of ultra-cheap oil is coming to gas stations near you.  I was planning to relocate to Iceland but I am not sure about my plan now. 

kaiten's picture

Siberia next :)

LookingWithAmazement's picture

Iceland being saved. Finland drops demand for collatoral. Merkel has majority for the July 21 deal; besides, her coalition partners will not quit government, bacause they would be wiped out in the following elections. ECB will save banks. Greek banks merge and get funding from Qatar; Greek stock market skyrockets. More consumer spending and higher wages in the US. Gold and silver drop. All non-armageddon news and developments. Anyone plans for Christmas? I have. Let's look forward, all ends well. Boring world we live in.

falak pema's picture

Your comments defy the look of mind boggling, wide eyed emotion one expects from your avatar!

Boring does NOT rhyme with Amazement...Just saying. Your xmas pudding better be well spiced.

LookingWithAmazement's picture

I'm amazed about all the doomprophets, while the news and develeopments day after day are totally non-armageddon. How many collapses have been predicted last few years? WW3 should have been broken out long time. We are still alive! And kicking as well!

LookingWithAmazement's picture

Finally, armageddon around the corner.

WestVillageIdiot's picture

I hope you remember to share your boundless optimism with all of the families that have had children sent home in body bags from Iraq and Afghanistan. 

Manthong's picture

Every day is a blessing from God and a new opportunity for TEOTWAWKI.

LookingWithAmazement's picture

Every day the world changes a bit, it's always TEOTWAWKI.

cranky-old-geezer's picture



How many of those "children" voluntarily joined the military knowing we're in Iraq & Afghanistan?

You won't find much sympathy here on that subject.

Ausperity's picture

I hope that you don't listen to all this doom nonsense, and are long treasuries, financials, and Netflix.


Next year we will still be kicking (and screaming) when we run out of can or road or both.


See you at Wal-Mart in 2012!

LookingWithAmazement's picture

So Wal-Mart will still exist in 2012. Sounds good. Why run for food then?

WestVillageIdiot's picture

Fuck that.  We will be meeting at Dollar General. 

LookingWithAmazement's picture

Dollar General apparently survived armageddon then.

Caviar Emptor's picture

It ain't just China feeding off the carcass of the Western world: 


ATHENS, Greece -- Greece's second and third largest lenders, Eurobankand Alpha Bank (ALBKY.PK), on Monday announced plans to merge in order to better withstand the country's acute financial crisis.

The widely anticipated move would create Greece's biggest bank, and will see a euro500 million ($720 million) investment from a Qatari investment fund, Paramount Services Holding Ltd., officials from the two banks said.Paramount, the Qatari fund, has held a 4 percent stake in Alpha since 2008.

 Little is known about the fund, although an Alpha statement Monday described it as "a company representing the business interests of the most prominent family in Qatar."

Pool Shark's picture

Merely ensures that the resulting mega-zombie bank will be far TBTF...

Caviar Emptor's picture

They bought the stake for the debt slaves' collateral: land, businesses...

DosZap's picture

FT reports that Chinese real estate tycoon and former Chinese Central Propaganda Department official Huang Nubo, has struck a deal to acquire 300 square kilometers of "wilderness in north-east Iceland where he plans to build an eco-tourism resort and golf course." >

Yup, would be the PERFECT size for a resort, housing a few hundred thousand troops, and military installations.

Who like GREEN STUFF,and Golf courses......................Hahahahahahahahahhahhahahahahahahahahahahahahahahhaha

Yep, we're IDIOTS.( Nice try Long Duc Dong)

Steroid's picture

One of the perks are that some of the tourists can come by submarines.

Cathartes Aura's picture

"globalisation" continues apace, as nationstates "consolidate" in plain view. . .

Ruffcut's picture

Ponzi, loves company.

instead of work and save, the new motto is print and buy shit at a discount.

Wonder if US fed land is up for bids.

the old series "here comes the brides"

"No, you can't sell china, my mountain."

Caviar Emptor's picture

You don't need to look real far. Chuppies have hit Manhattan. Big: 

WEALTHY buyers from mainland China, a rapidly expanding economy of 1.3 billion people, are increasingly turning to Manhattan for their luxury real estate purchases, brokers say.

PulauHantu29's picture

They will have to throw out all the Deadbeats who have not paid thier mortgage for over two years first. Good luck with that!

Caviar Emptor's picture

With a fistfull of dollars that's not very hard