Leaders of China's Communist Party will hold a key policy meeting in November to discuss deepening reform measures, state media reported Tuesday.

The third plenary session of the 18th Central Committee of the Communist Party of China (CPC) is expected to unveil major economic goals by Chinese President Xi Jinping, who took office in March.

"The decision to hold the third plenary session of the 18th CPC Central Committee in November was made at Tuesday's meeting of the CPC Central Committee's political bureau," the official Xinhua News Agency reported.

The central committee wields the highest authority within the party, and the third plenary sessions have brought about key changes in China. For instance, China formally launched a project for its economic reform during the third session in 1978. (Yonhap News)