The Communist Party of China (CPC), chosen by history and the people, has accomplished three major events since its formation 90 years ago, President Hu Jintao said Friday. [More about Hu's speech]

The first is that the CPC, relying on the people, completed the new-democratic revolution, winning national independence and liberation of the people, Hu said at a grand gathering marking the 90th founding anniversary of the CPC.

The second is that the CPC completed the socialist revolution and established the basic socialist system, said Hu, also general secretary of the CPC Central Committee.

The third is that the Party carried out a great new revolution of reform and opening up, creating, upholding, and developing socialism with Chinese characteristics, he said.

"These three major events reshaped the future and destiny of the Chinese people and the Chinese nation," Hu said.

The events "irreversibly" ended the misery endured by China in modern times when it suffered from both domestic turmoil and foreign invasion and was poor and weak, and also started the Chinese nation' s historic march for development, growth, and great rejuvenation, Hu said.

Facts have shown history and the people have chosen the CPC, Marxism, the socialist road, and the reform and opening up policy, he said.

History has also fully shown that the CPC truly deserves to be called a great, glorious and correct Marxist political party and the core force leading the Chinese people in breaking new ground in development, Hu said.