China won’t sit by idly if Russian economy collapses: ex-official

Long Yongtu, former deputy minister of foreign trade and economic cooperation, said at a Beijing forum that China “should adopt some aggressive measures” as the ruble has nosedived about 60% against the US dollar since the beginning of the year. “When Russia is facing massive difficulties, (China should) show moral strength and economic support,” he said according to a report by China News Service.

Beijing is obligated to help its northern neighbor both from a strategic perspective and out of concern for the wellbeing of the Russian people, he said without elaborating on any specific measures. Continue reading