Ice is melting away at a record-breaking rate in the Arctic, exposing valuable natural resources and opening up new shipping routes. Measurements taken last August found levels of Arctic sea ice were at their lowest levels since satellites began measuring the ice in 1979.
China doesn’t own any Arctic territory – in fact, its northernmost point is more than 1,400km south of the Arctic Circle. But it’s nevertheless taking a strong interest in the region, building a physical presence there and using diplomacy and trade ties to gain a foothold.
China’s actions in the region have paid off as it, along with five other non-Arctic states, have been granted permanent observer status to the Arctic Council, an intergovernmental forum of eight countries with Arctic territory.
Gaining observer status does not allow China any voting rights on the Arctic Council. But it does give it sway in an increasingly important region. Not only does the shrinking ice have climate implications; warming temperatures at the poles have raised the possibility of access to as much as 90 billion barrels of oil and 1,670 trillion cubic feet of natural gas.

Posted by Den 
















