China's imperial mission in Iceland

Chinese property developer Huang Nubo is buying up vast tracts of land in Iceland, ostensibly to build a hotel. But there's more to it than that, says Simon Wilson.

Who is Huang Nubo?

He's a former Communist party propaganda official who is now one of China's best-known property-developers, worth $890m, according to Forbes' rich list. Through his Zhongkun Group, the 55-year-old owns resorts and hotels across China. Now he has just agreed subject to government approval a $9m deal to buy a vast tract of north-eastern Iceland and spend $100m developing it. Huang says he's a nature lover who wants to build a luxury hotel and golf course. Others aren't convinced.

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Simon Wilson’s first career was in book publishing, as an economics editor at Routledge, and as a publisher of non-fiction at Random House, specialising in popular business and management books. While there, he published Customers.com, a bestselling classic of the early days of e-commerce, and The Money or Your Life: Reuniting Work and Joy, an inspirational book that helped inspire its publisher towards a post-corporate, portfolio life.   

Since 2001, he has been a writer for MoneyWeek, a financial copywriter, and a long-time contributing editor at The Week. Simon also works as an actor and corporate trainer; current and past clients include investment banks, the Bank of England, the UK government, several Magic Circle law firms and all of the Big Four accountancy firms. He has a degree in languages (German and Spanish) and social and political sciences from the University of Cambridge.