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Ban Shenzhen, Changan's director for the Americas region, told Xinhua "the Argentine market is a very important and big market for us, (representing) more or less one million units annually."

Banking giant HSBC is taking the lead with further interest-rate cuts that are likely to add momentum to the homes rush. Luke MacGregor / Bloomberg

Batmenkh was sent to prison in 2017 after years of complaints from the victim's mother, who now wants the people behind his original case to be revealed, according to a China Central Television news report.

Bai said the epidemic has impacted the catering industry but that should only be for the short-term.

Bajaj could have been speaking not only about India but emerging economies with large populations. China's current population of 1.4 billion exceeds India's 1.36 billion (although India is forecast to be the world's most populous nation in a few years).