so are severe financial crises that threaten the political stability of the country in question. Preventing private businesses from doing X or Y is only 'bad for economic growth' in a trivial, first-order sense. The more important question is if whatever measure was taken contributes to the long term health of the system.

The CCP is, rightfully, very afraid of reckless lending or highly leveraged financial transactions because the country lacks a solid infrastructure to cope with a financial meltdown, which has always been an issue because the private financial sector is such a mess.