生當作人傑，

Being a hero when he was alive,

死亦為鬼雄。

and an immortal soul in afterlife.

至今思項羽，

So still I think Xiang Yu was right 

不肯過江東。

for not returning home when he came to grief.   

PS  Similar with《题八詠樓》https://blog.udn.com/kkuo0810/132819295, Ms Li Qingzhou wrote the poem to insinuate the incompentent (South) Song in fighting against Jin.