Former Chinese Premier Li Keqiang Passes Away at 68, Asia Markets Rebound

China's Communist Party mourns the death of former premier Li Keqiang, praising his achievements in the Belt and Road Initiative, poverty relief, support for the internet industry, and efforts in fighting Covid-19. The official obituary described Li as an "outstanding leader of party and state" and a "huge loss" for the party and the state. Li's support for President Xi Jinping continued even after his retirement in March. Social media platforms were flooded with condolences and shock over Li's death, with the hashtag about his death being read nearly 700 million times on Weibo.