China's fourth plenum, a key four-day meeting of the ruling Communist Party's powerful Central Committee, kicks off in Beijing on Monday.
Rule of law will be the centerpiece of the summit, where policymakers are expected to focus on consolidating anti-graft efforts in addition to ensuring economic stability by accelerating reforms.
"After a 'lost decade' due to a fragmented leadership in 2003-2013, we believe the new leadership headed by President Xi Jinping offers a real chance for serious reforms in coming years towards rule of law and economic rebalancing," said Ting Lu, chief China economist at Bank of America Merill Lynch.
"The plenum may have significant impact on the Chinese economy and society in coming years," he said.
Here's what's anticipated to materialize out of the historic meeting, according to a survey of economists: