China looking to buy the world

[Jimbuna]

Apologies for the misleading title but is this the beginning of Chinese world ownership?

China tycoon Huang Nubo angered by Iceland land move

A Chinese business tycoon who hoped to buy a swathe of land in north-east Iceland has hit out at the government's decision to reject his bid.
Earlier this year Huang Nubo offered a billion krona (£5.4m; $8.8m) for the 300sq km (115 sq mile) Grimsstadir a Fjollum region.
But late last week Iceland's interior ministry said the deal did not comply with land sale rules.

http://www.bbc.co.uk/news/world-asia-15916486