In what many observers have termed a “regulatory crackdown,” a wave of new legal restrictions and bans on business, technology, and entertainment has broken across China over the past several months, with what appears to be escalating velocity and force. Their rapid enactment has led many analysts—including those connected to the Chinese state—to view them as part of a single campaign. What is the best way to understand the connections among these new strictures? How do they relate to Xi Jinping’s leadership, how should they be understood to relate to governance goals in China more broadly, and to what extent will they succeed in achieving their intended ends?