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"Hasbro will have no choice but to pass along the increased costs to our US customers," said Brian Goldner, CEO of toy company Hasbro. He said the Pawtucket, Rhode Islandbased company, the maker of popular products such as Monopoly and GI Joe, was working to reduce its reliance on manufacturers in China, but he also said it has built up extra inventory, incurring additional storage costs, as it braces for tariffs.

"Financial supports would help small and micro enterprises to better recover their business, amid the global COVID-19 pandemic," said Qiu Yitong, director of the local financial supervisory authority.

"For instance, travel time from Lianyungang to Shanghai will be cut by four hours and 50 minutes to 3.5 hours," Chen Wanjun, an official with China Railway Shanghai Group, said during a news conference on Thursday.

"Fully electric Mercedes-Benz trucks, vans and buses are already in production today. By the end of this year, the goal is to have five fully electric passenger car models and 20 plug-in hybrid variants on the market," he said.

"Generally speaking, El Nino will pose a great effect on the occurrence of haze in North China," said Liu Yanju, an engineer from the National Climate Center.