Chinese President Xi Jinping cautioned against protectionism as he pushed back against criticism of globalisation by Donald Trump and other Western populists.
“Protectionism is like locking yourself in a dark room, which would seem to escape wind and rain, but also block out the sunshine,” Xi told the World Economic Forum on Tuesday, the first Chinese head of state to address the annual gathering in the Alpine resort town of Davos. “No one is a winner in a trade war.”
Xi used his speech to support a global economic order that has helped fuel China’s almost four-decade economic boom.
While a surge in protectionist sentiment threatens to slow the engine of China’s growth, it also offers Xi a chance to advance his goal of shaping global economic systems. In his speech, he did not refer to Trump by name. (mediafax.ro)
Dacia Sets New Sales Record, With More Than 584,000 Cars Sold In 2016
Renault-owned carmaker Dacia sold 584,219 vehicles in 2016, 6% more than the level registered in 2015, setting a new sales record. On a global level, Dacia sales exceeded 545,000 units, according to data provided by the company on Tuesday.
Dacia keeps its position of leader on the Romanian market, with 38,861 units sold, 5.2% more than the level registered in 2015, securing a market share of nearly 30%, according to company’s estimates.
Over 545,000 cars were sold outside Romania in 2016, 6% more than in 2015. Depending on a ranking by regions, nearly three quarters of cars sold by Dacia in 2016 are registered in countries in Europe.
France is Dacia’s first export destination, with over 112,000 Dacia cars sold last year, which is the best performance registered to date. Spain places second as export destination, with 54,543 Dacia units sold and a market share of 4.13%. Italy ranks third, with over 52,000 Dacia cars sold and is followed by Germany with some 51,000 Dacia cars sold in 2016. (mediafax.ro)
PSD Treasurer: Dragnea And Grindeanu’s Trip To U.S. Paid By Social Democratic Party
Social democrat treasurer Mircea Draghici said the Social Democratic Party (PSD) will pay the trip to the United States of PSD head Liviu Dragnea and of Prime Minister Sorin Grindeanu at the inauguration of Donald Trump as President of the United States.
Asked to say why PSD will pay for the trip to the U.S. of PSD head and Chamber of Deputies Speaker, Liviu Dragnea, considering that Dragnea said the trip would be paid by the Chamber, Draghici said the reason is linked to the invitation made to the electoral competitor who won the parliamentary elections in Romania. (mediafax.ro)
Sevil Shhaideh To Take Over PM Duties During Grindeanu’s Trip To U.S.
Deputy prime minister Sevil Shhaideh will exert the attributions of Prime Minister Sorin Grindeanu during the period in which the latter will be in the United States, between January 18 and 22, at the inauguration of Donald Trump as President of the United States.
The decree was published in the Official Journal on Tuesday.
Social democrat treasurer Mircea Draghici said the Social Democratic Party (PSD) will pay the trip to the United States of PSD head Liviu Dragnea and of Prime Minister Sorin Grindeanu at the inauguration of Donald Trump as President of the United States. (mediafax.ro)