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"Compared with last year, work has become safer in industries including coal mining, fireworks manufacturing, construction, agriculture, and road, rail and water transportation in 30 provinces and regions out of 32 that were calculated," he said.

"China, more than other emerging markets, has the ability to manage its own future, at least within the confines of its domestic financial system and the domestic economy," said Alastair Wilson, Moody's head of global sovereign rating.

"Corporations are diversifying their investments by increasing RMB bonds, instead of focusing on investment in US dollar bonds," said Ivan Chung, head of China credit research and analysis at Moody's Investors Services.

"China strongly stands against some out-of-the-region countries flexing their muscles and making provocations under the name of 'freedom of navigation and flight' that result in tensions," Wei said. 

"Compared to the first half of this year when liquidity was adequate, economic recovery has become the new theme of the market. Therefore, undervalued companies and cyclical sectors may provide the maximum opportunities," he said.