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Breakthroughs were made in restructuring, with the urban population overtaking the rural population and the service sector becoming the largest industry, he said.

Local governments will face strict assessment of their performance in poverty elimination and punishment will be meted out to those that embezzle money earmarked to fight poverty.

In a report to the IMF Executive Board, the staff experts assessed that the RMB meets the requirements to be a "freely usable" currency and, accordingly, they proposed that the Executive Board determine the RMB to be freely usable and include it in the SDR basket as the fifth currency.

He said the reform was intended to "make breakthroughs in military administration and joint operational command, optimize the military structure, enhance policy systems and civilian-military integration, and build a modern military with Chinese characteristics that can win informationized wars."

Samoilov said the Fifth Plenary Session of the CPC's 18th Central Committee has addressed a series of extremely important developments in Chinese society and uncovered new future prospects. In recent decades, such plenary sessions have played a major role in contributing to China's large-scale reforms and adding impetus to China's development.