"The past 40 years eloquently prove that the path, theory, system, and culture of socialism with Chinese characteristics pioneered in the wake of the Third Plenary Session of the 11th CPC Central Committee by the Chinese people of all ethnic groups rallying under the leadership of the CPC are completely correct, and the CPC basic theory, line and policy that have since taken shape are completely correct," said Chinese President Xi Jinping at a conference on Tuesday in Beijing.