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Another economist, Anup Sinha, a former professor at the Indian Institute of Management Calcutta, expressed concern about impending joblessness. "As a result of acute uncertainties in the job market, the rising middle class with high disposal incomes is becoming weak and shaky. And that is having an effect on the demand side and the consumption pattern," he said.

Apart from this, commercial buildings will be built as well in the special economic zone to woo Chinese investment in the country.

Another German auto giant, BMW, reached a deal with leading Chinese IT company Alibaba early this year at the CES in Las Vegas, United States. They will integrate its intelligent voice assistant, Tmall Genie, into cars including the BMW 3-and 5-series range. The service will become available later this year.

Another Chinese battery maker, Svolt, said it will spend 2 billion euros on its European base, which is expected to start production in 2022. The battery maker spun off from Chinese carmaker Great Wall Motors in 2018. It will offer batteries for electric MINI-branded vehicles that will be made in China starting from 2023.

Another 26 suspects have been caught or persuaded to surrender by the police so far. The case has been transferred to the procuratorate.