BEIJING, December 5 (TMTPOST) – China's Ministry of Finance has expressed its disappointment at global credit rating agency Moody’s downgrade of the outlook on China's credit rating to negative from stable on Tuesday. China’s finance ministry spokesperson refuted the Moody’s decision. China’s economic growth continued to pick up against the backdrop of complex geopolitics, weak global recovery and momentum, said the ministry on its website. In particular, numerous proactive policies were unveiled, which is set to accelerate economic growth in the fourth quarter, said the ministry, adding that China remains a major driver for global economic growth. The International Monetary Fund predicted that China will contribute over 30% to the world’s economic growth in 2013.