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And on Thursday, the Financial Stability and Development Committee, the country's Cabinet-level financial regulatory body and part of the State Council, China's Cabinet, stressed several priorities: balance the relationship between stabilizing growth and preventing risks; enhance counter-cyclical adjustments; further reform the capital market as well as small and medium banks; ensure healthy development of the private fund industry; achieve financial inclusion and fair competition; encourage commercial banks, especially small and medium ones, to increase capital through multiple channels; improve the long-term mechanism to prevent, resolve and dispose of financial risks, so as to stabilize the financial system and sustain the economic and social stability.

Analysts say that although the authorities are putting the measures in place, carmakers should not be over-reliant on them and should adapt themselves to meet market demands.

And he said: "Both sides need to be pragmatic and realistic and adopt a give-and-take approach. Only in this way, can we get over the thorny issues and reach an agreement."

And this has prompted a mass exodus of people－on foot. "With no transport available, hordes of people headed toward their homes on foot. This is really unprecedented," said Sarkar, who teaches at the Indian Statistical Institute, or ISI.

Analysts said the implementation of renewable energy projects tends to get hampered by challenges like paucity of adequate power where it is needed most.