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A Communist Party member, Jack Ma's rags-to-riches backstory came to embody a self-confident generation of Chinese entrepreneurs ready to shake up the world, however, his downfall spells the end of China's golden age, writes Katsuji Nakazawa in Nikkei Asia.
Chinese President Xi Jinping's unprecedented third term kicked off with rising COVID-19 infections and a slowing economy as nationwide protests forced him to change policy.
Jiang presided over the acceleration of capitalist restoration following the crushing of the Tiananmen Square protests in June 1989, with devastating consequences for the working class.
The ashes of Comrade Jiang Zemin, who passed away in Shanghai on Nov 30 at the age of 96, were scattered in the sea at the estuary of the Yangtze River on Sunday, in accordance with the wishes of Jiang and his family.
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, delivered a speech at the memorial meeting for Comrade Jiang Zemin on Tuesday.