Moody's affirmation of China's A1 rating reflects the "positive prospects of the Chinese economy," China's Finance Minsitry said Monday.

Beijing said it was able to macroeconomic control policies, while improving economic indicators, stabilizing market confidence, and ensuring sustainability of debt, it said.

Despite risks to the world economy, China's economy "achieved a good start," adding the country's production and consumer demand has been rising, the ministry said.