Yes, 'The Last Emperor' is based on a true story. It tells the life of Puyi, the last emperor of China. The movie shows his experiences from being a young emperor in the Forbidden City, to his later life under different historical periods including the Japanese occupation and after the establishment of New China.
The fall of the Qing dynasty is one. It shows how Puyi lost his imperial power. Also, the Japanese occupation of Manchuria where Puyi was made a puppet emperor. And then, the establishment of New China which led to Puyi's re - education and his transformation into an ordinary citizen.
The Qing Emperor's ending in " Celebrating Years " was that he was killed by Fan Xian, Wu Zhu, and the others working together. In the final battle, the Qing Emperor, Fan Xian, Wu Zhu, and the others engaged in a fierce battle. After the Qing Emperor was injured by Fan Ruoruo's sniper rifle, Fan Xian took the opportunity to sneak attack the Qing Emperor and eventually killed him. The Qing Emperor's death was an ending he deserved.
The Qing Emperor's ending in " Celebrating Years " was that he was killed by Fan Xian and the others. In the final battle, the Qing Emperor, Fan Xian, Wu Zhu, and the others engaged in an intense battle. After the Qing Emperor was injured by Fan Ruoruo's sniper rifle, Fan Xian took the opportunity to sneak attack the Qing Emperor and finally killed him. The Qing Emperor's death was an ending he deserved.