media - Wrong man, wrong place, wrong time?

The news popped up on my radar screen and I knew something was wrong. Australian media reported that Jiang Zemin, "chairman of the Central Military Commission" had signed a contract on behave of the army. They referred to a dispatch of the official newswire Xinhua, that had brought the same story.
I checked it again, yes, my memory was not that bad: it was a major story this year that Hu Jintao had taken over from Jiang Zemin. Now, the questions is: who more is going to take this story, and how did it start anyway?