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Apart from promoting social interactions, AI technology is also helping get game players involved in exercises offline in the real world.

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.

Another new plant will open in Tianjin soon with production planned to start in August. FAW-Volkswagen has also announced strategic partnerships with IBM, Huawei and the Research Institute of Tsinghua University, so that it can continue to innovate on the technological front, particularly with regard to digital transformation.

Anta Group, the world's third-largest sportswear company by revenue, saw revenue increase 40 percent to 14.8 billion yuan (.07 billion) and profits increase 58 percent to 4.2 billion yuan in the first six months, according to its half-year financial report, which was released in late August.

Apart from recalling vehicles with safety hazards, the company has also established a transdepartmental investigation team to optimize the quality management system of their products in cooperation with supply chain partners.