After experiencing the shock of the debt crisis,the economy of Iceland begins to recover gradually,although the growth rate is still low.In the presidential election held in June 2012,the incumbent president lafur Ragnar Grímsson won a record fifth term in office.Premier Wen Jiabao paid a visit to Iceland in 2012,the first official visit by a Chinese premier to the island nation since the two countries forged diplomatic ties.A new chapter has thus been opened in the bilateral relations between China and Iceland,and free trade is expected to be realized between the two sides. <<