The implement of the policies toward ethnic minorities of the People's Republic of China has successfully solved its ethnic problems in a multi-ethnic country. The policies advocated by Communist Party of China have some great reference significance and importance for the other multi-ethnic counties worldwide in solving their similar problems. This article reviews the theoretical basis, policy system and policy applications toward ethnic minorities, esp. aiming at the view of the "second generation national policy". Based on the view of development, this article also carries on the thorough ponder to the issues in the policy implementation in the new era and clear up the idea that the Communist Party of China adheres to and perfects the route choice of the Party's policy toward ethnic minorities as well.