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I'm not so sure about neither country having the desire to do so, but whether or not they would make a blatant bid is another matter.
Would Russia like to station missiles and nukes much closer to major US cities? Very likely if it could be achieved, and if there's one thing Europe has been finding out about Russia in recent years it's just how covert and constant their sabotage against other countries is. The number of undersea data cables damaged in the Baltic Sea is evidence of that. It would be entirely within the mindset of Putin to seek to covertly establish small bases on Greenland for spying and infiltration purposes.
China? China depends on global trade to effectively bleed the West dry and destroy local economic capabilities elsewhere. For trade it is dependent on being able to get its goods to their end markets and currently that involves passage through the Panama and Suez canals or around either the Cape of Good Hope or Cape Horn. The two canals could be closed to their trade, leaving only two much longer (and more expensive) routes, and in the case of Cape Horn one of the most dangerous stretches of ocean on the planet. Opening up and controlling a fifth route via the north pole would therefore be beneficial to them.
In terms of Greenland's mineral wealth: it doesn't need to be mined to be of strategic importance so lonsg as you prevent the other bugger from being able to do so.
China depends on global trade not to bleed the West dry but to supply the West with the cheap goods that we wanted. If the US or Canada wanted to stop the bleeding they'd stop buying their goods. And remember, it isn't China who destroyed local economic capabilities, it's huge corporations in North America who focused on increasing their profits without thought to the drying up of industries in their own countries.
I can use American companies like cotton mills, as an example, and all the products that were produced in the US. Most of those mills were originally in the Northwest in the early 1900s (remember the Triangle Shirtwaist Factory fire?) but moved their mills to southern states to access employees willing to work for lower wages. It was happening in our own countries and we didn't care because we were getting what we wanted. Then manufacturing moved to China and we were still happy because the prices were good.
North America loved the cheap goods until lightbulbs starting going off when our own industries closed shop and collected dust. No one strong-armed Canada and the US to buy cheap goods. If you didn't live in area that had industries shutter forever it never even crossed our minds. I remember buying my linens in the early to mid 90s from a huge outlet called Georgia Mills in Toronto where you could buy towels and sheets and drapes and all sorts of other cotton-based goods, all made in the state of Georgia. Now when I buy sheets they are made in Pakistan and India. I couldn't buy an American made towel if I tried. So is China to blame for that?