Kind of sounds like what's happening on this side of the pond, no?
As with past measures, the Chinese regime has framed the series of actions as necessary for the public good. But the pace of the activity has been dizzying, with a thoroughness unseen in China’s recent memory. Be it e-commerce, entertainment, education, or gaming, few areas of Chinese society have been left unscathed amid Beijing’s torrent of regulatory activity in recent months. As authorities clamped down on the offending actors, stock markets tumbled with hundreds of billions wiped out, while companies and individuals have scrambled to assess the new rules, lest they tread on the regime’s toes. Link to article