The congressional testimony highlighted an issue at the heart of a heated disagreement between Apple and the FBI over unlocking encrypted data from an iPhone linked to last December's San Bernardino, California shootings - how much private technology companies should cooperate with governments.
The company's general counsel Bruce Sewell was appearing at a US congressional hearing on encryption's impact on law enforcement, as the high-tech giant battles the government over whether it should be compelled to help authorities in criminal cases.
Chinese authorities uncovered over 800 billion yuan (USD 126 billion) worth of underground banking and money laundering since April.
According to a memorandum of understanding, Nokia said it expects to hold 50 percent plus one share in the new joint venture, with Huaxin holding the remaining shares.
"I think we are already at a 4 percent growth rate anyway. The figures that China publishes are figures they just take out of a drawer to make it look good," Faber – also known as Dr. Doom – told CNBC Asia's Squawk Box on Thursday.
Dishman's Managing Director JR Vyas expects its key clients Abbott's contribution to grow by 50%. He further expects some more product orders coming in from Abbott in FY13.
Chinese authorities found three companies linked to Google Inc broke tax rules and are investigating possible tax avoidance, a Chinese state-run newspaper said on Thursday, raising the risk of fresh pressure on the Internet search giant.