China is looking to exploit mineral rich Arctic

China’s global resource strategy has led the PRC to the far corners of the earth, from Venezuelan oil fields to energy-rich Siberia. Now, as a consequence of accelerating climate change and the melting of the polar ice cap, China is increasingly looking to the arctic Circle for new resource-extraction and maritime-shipping opportunities. Current estimates as to when the arctic could be seasonally ice-free have varied greatly from as early as summer 2013 to as late as 2040; in any case, the arctic is evidently thawing more rapidly than most climate models initially predicted.⁴⁶ In august 2012, for example, the National Snow and Ice data Center observed that arctic sea-ice extent had reached the lowest level on record, prompting concerns about the exponential speed at which the polar ice is disappearing.⁴⁷ Chinese leaders are keenly aware of this trend and are making calculated preparations to exploit an ice-free arctic.