Domestic demand holds key to China's growth

Leading IMF official says transition will be driven by quality of growth and further economic reform

A top International Monetary Fund official warned on Tuesday of the need for China to follow through on plans to shift its economy from an investment-driven model to one that relies on domestic consumption.

Zhu Min, one of the IMF's three deputy managing directors, said the key to this transition is economic reform and the quality, rather than the rate, of growth.