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Warren Buffett's longstanding business partner, Charlie Munger, said on Wednesday that escalating tensions between the US and China are "massively dumb," and that Bitcoin should have been outlawed, calling it "below contempt."

Munger, 98, spoke during a nearly two-hour question-and-answer session at the annual meeting of Daily Journal Corp, the Los Angeles newspaper publisher and supplier of software to courthouses that he chairs.

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HCCB has zero tolerance towards any deviation in quality. HCCB follows Good Manufacturing Practices, It is a system that ensures the product manufactured are controlled according to specified quality standards.