Commentary Is Xi Jinping killing the goose that laid the golden eggs? The head of the Chinese Communist Party (CCP) wants to harness the innovative potential of domestic high-tech, but his assaults on private tech companies could prove the law of unintended consequences. In recent months, the CCP has cracked down hard on China’s private-sector tech companies. Last October, Jack Ma criticized the CCP for stifling innovation. In response, the communist regime fined his Alibaba e-commerce firm $2.8 billion for violating arbitrary anti-trust laws, while an Alibaba subsidiary, Ant Group, had its IPO squashed. Other private high-tech companies, including Tencent, Didi, and Pinduoduo, have similarly had their wings clipped. The message is clear: serve the Party. It is no longer about making money or advancing the domestic technology base, it is about operating according to the dictates of the CCP, whatever they may be. This is a stark reversal of …