Can China buy Nokia some time?

The same negative outlook that plagued Nokia before its Lumia launch is starting to creep back into the fray. The company pinning its hopes sales in China to help keep it afloat, but as it stands a turnaround seems unlikely.

Nokia's push to expand sales of its Lumia smartphones in new markets such as China should help shrink an overall revenue decline and reduce its first-quarter loss, easing some of the pressure on CEO Stephen Elop.

Quarterly results on Thursday are also expected to show a turnaround at communications equipment venture Nokia Siemens Networks (NSN), bolstering Nokia's bottom line and supporting the shares' recovery from last year's record low.

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