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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.

Another outbreak in Shaanxi province caused the deaths of five pandas between December 2014 and April 2015.

Another southern Chinese city expected to be a major beneficiary of the GBA is Guangzhou in Guangdong province, which has seen its ranking at ninth in terms of investment and 13th in development prospects this year.

Anticipating her arrival, Dhillon testified that he had found a Wikipedia page about Huawei that said the Chinese telecom company doesn't operate in the US because of security concerns and that Huawei was suspected of violating US economic sanctions against Iran, according to The Canadian Press.

Apart from the efforts made by banks and financial regulators, central and local governments should also launch policies to further cut company taxes and fees and reduce rental costs. These tax and fiscal policy measures may be more effective in alleviating the difficulties faced by small businesses, said Lian.