How to increase reforms in the economic and social sectors is expected to dominate discussions at the ongoing Communist Party of China meeting, foreign observers said.

"Historically, the third plenary sessions are an opportunity for the new leadership to announce economic changes," Pierre Picquart, a China observer and professor of geopolitics at the University of Paris 8, told China Daily. "Therefore, the expected reforms will have an important effect on the global economy, international trade and finance."

The Third Plenary Session of the 18th CPC Central Committee began on Saturday and ends on Tuesday in Beijing.