Quality, sustainable growth the priority

"The leaders have recognized that changing the country's growth model will require a lot of reforms in the short term that will have the effect of slower economic performance; but at the same time it will also be necessary (for them) to create more sustainable and inclusive growth," she said, adding that balancing those two will be critical－a combination of maintaining the ambitions for reform, along with the necessity of ensuring strong economic performance.

The APEC finance ministers' meeting is being held at a time of weaker-than-expected global economic growth, suggesting many national policymakers had underestimated the strength of the economic headwinds swirling around the world.

Indrawati said that policy reforms and stronger global commitment to solving the current economic issues should be put in place to ensure growth remains not only sustainable but robust.

China's leaders have voiced their regular support recently for public-private partnerships as a means of encouraging the country's private sector to support essential national infrastructure projects.

Indrawati said that in order to maintain continued economic performance, the country will need increased participation by the private sector, particularly in infrastructure development, and that public-private partnerships offered a good platform for inviting more non-government participation.

She warned, however, that successfully run public-private partnership projects can be challenging, and that it is critical the necessary legal frameworks and transparency are put in place to ensure partnerships consider all the risks involved.

China's GDP in Q3 grows 7.3%	Indicators send confusing growth signals