China is all set for a four-day meeting, called Third Plenum, to discuss significant economic reforms for the next decade.
The areas expected to be discussed in the meeting, include liberalizing the financial sector, state-owned enterprises and reforming China's household registration system, the BBC reports.
A report released by the Development Research Centre of the State Council has called for three broad areas and eight key sectors for reform.
The 383 plan called on the leaders to liberalize the market, encourage innovation and competition, and increase government transparency, the report added.
However, the analysts do not expect any political reforms to be discussed in the meeting.