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抓大放小

zhuā fàng xiǎo (PRC, mid-1990s) to restructure the large state-owned enterprises (SOEs) controlled by the central government and privatize smaller SOEs at the local level
zhuā to grab / to catch / to arrest / to snatch / to scratch
  big; large; great / older (than another person) / eldest (as in 大姐) / greatly; freely; fully / (dialect) father / (dialect) uncle (father's brother)
  dài see 大夫
   fàng to put / to place / to release / to free / to let go / to let out / to set off (fireworks)
    xiǎo small / tiny / few / young
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By MDBG 2024