The Communist Party of China (CPC) will convene a key meeting in November to discuss deepening reform in an all-round way, the Political Bureau of the CPC Central Committee announced on Tuesday.

The 25-member political bureau said in a statement following a meeting on Tuesday that the Third Plenary Session of the 18th CPC Central Committee will be held in November in Beijing.

During the session the Political Bureau will report its work to the CPC Central Committee and the session will discuss major issues concerning comprehensive and deepened reforms, said the statement.

Deepening reform in an all-round way concerns the overall work of the Party and the government, and is the requirement for building a moderately prosperous society, speeding up socialist modernization drive, developing socialism with Chinese characteristics, addressing prominent challenges in the development, and achieving sustainable, healthy development of the economy and society, said the statement.

"Reform and opening up serve as a critical strategy to determine modern China's destiny and rejuvenation of the Chinese nation. There should never be an end to the practice and development, emancipation of the mind, and reform and opening up," said the statement.

"There is no way out for China to stop or even reverse the process," it said, adding that reform and opening up have "only a progressive tense, no perfect tense."

The meeting stressed that the Party must strengthen confidence in reform, head in the right direction, consolidate consensus, and coordinate all reforms.

The people's initiative must be respected, the statement said, calling for a pooling of wisdom in the Party and society and uniting all strengths in promoting reform.

The meeting urged the Party to fully recognize contradictions and difficulties that the reform is now facing, calling for strengthened courage in tackling grave issues.

The meeting encouraged the Party to be brave enough to break down ideological barriers and vested interests. It also called for innovation in theories, systems, science and technology, culture and other fields by promoting comprehensive and deepened reform.

The statement said the idea of reform and innovation should be implemented in all aspects of governance, and the strength of the whole of society should be better consolidated in the Party's work.

Tuesday's meeting, which was presided over by General Secretary of the CPC Central Committee Xi Jinping, also approved a 2013-2017 work plan for establishing and improving the system for punishing and preventing corruption.

The meeting approved a document concerning functional transformation and institutional reform of local governments.

The Political Bureau members also listened to a report on preparation work done for a pilot free trade zone in Shanghai, the statement said.

(Xinhua News Agency August 27, 2013)