![China's biggest private companies are in chaos. It's all part of Beijing's plan](https://cdn.cnn.com/cnnnext/dam/assets/210803021921-xi-jinping-ccp-anniv-screen-0701-super-tease.jpg)
China's biggest private companies are in chaos. It's all part of Beijing's plan
CNN
China's crackdown on private enterprise has wiped out more than $1.2 trillion in market value for many powerful Chinese companies and stoked fears about the future of innovation in the world's second largest economy.
But the end goal of Beijing's aggressive bid for control isn't about creating chaos. The government wants to make clear to its corporate champions that tapping capitalist markets is fine — as long as it is on the ruling Chinese Communist Party's terms.![](/newspic/picid-6252001-20250215004209.jpg)
The morning after the mass resignation of prosecutors sparked a crisis inside the Trump Justice Department, acting Deputy Attorney General Emil Bove led a meeting with the Justice Department’s public integrity section. His message: they had to choose one career lawyer to file a dismissal of the corruption charges against New York City Mayor Eric Adams, according to three people briefed on the meeting.
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Seventh prosecutor in Eric Adams case resigns and calls out Trump’s former lawyer in scathing letter
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