To hear the people of Iceland describe it, the wilderness area of Grimsstadir in the country's remote northeast is as serene a spot as you can hope to find on the planet. From its cluster of farms and guesthouses, you can watch the dazzling northern lights, drive to Europe's most powerful waterfall a short distance away and, according to the area's website, enjoy "big, beautiful crystal-clear skies and mountain vistas."
But something far less serene has played out in Grimsstadir in recent weeks: a battle over China's rising economic clout.
Read more: http://www.time.com/time/magazine/article/0,9171,2101883,00.html#ixzz1gJ64LLMI
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