joint

US and allies blast Hong Kong security law in joint statement

NEW YORK — The U.S., Australia, the U.K. and Canada expressed “deep concern” on Thursday over Beijing’s approval of a national security law on Hong Kong, seen as a major erosion to the city’s autonomy from the mainland.

“Hong Kong has flourished as a bastion of freedom,” a joint statement said. “The international community has a significant and long-standing stake in Hong Kong’s prosperity and stability.”

The countries said the national security law “lies in direct conflict with its international obligations under the principles of the legally binding, U.N.-registered Sino-British Joint Declaration.”

“The proposed law would undermine the ‘one country,

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Renault pulls out of China joint venture as auto outlook darkens

TOKYO — Renault has ended its joint venture with its Chinese carmaking partner, a day after China’s leading state-owned automaker gave an unusually bearish outlook in a sign that the country is struggling to shrug off the economic impact of the coronavirus outbreak.

The move by Renault and the forecast from SAIC Motor underscore the changing mood in the industry, despite expectations that state and local governments will try provide incentives to juice consumption.

Groupe Renault announced on Tuesday it is pulling out of its loss-making passenger car partnership with state-owned Dongfeng Motor Group. The French-Chinese venture recorded an annual

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