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China has unveiled a raft of new policies to reduce financial burdens on individuals and firms in a bid to support the fight against the novel coronavirus epidemic.

China has pre-approved a total of 2.29 trillion yuan (3 billion) worth of local government special bonds mainly to fund infrastructure projects and create demand. The market expects that the total quota of the year, which is to be unveiled at the upcoming annual gathering of the nation's top legislature, may reach 3.5 trillion yuan or more.

China is the world's second-largest toy consumption country behind the US. The CTJPA said the recent sales decline in the global toy market has prompted more companies to actively develop their China market strategy.

China is strengthening efforts in creating a fair and favorable business environment for all parties and in better protecting companies' "legitimate rights and interests", he said.

China is taking "concrete" measures to fully align with G20 debt relief plans and help the debt-burdened countries, she said.