2. The dip for the Caixin gauge, which concentrates on smaller and private manufacturers, stands in contrast to a pickup for China’s official manufacturing PMI, which focuses primarily on large, state-owned enterprises. The divergence may indicate that smaller outfits have been hit harder by pollution curbs and other regulatory tightening than their larger, state-run competitors, which also enjoy privileged access to state-run lenders.
3. n. 家仆，
4. In this Jan. 6, 2004 file photo, Apple CEO Steve Jobs displays the at the Macworld Conference and Expo in San Francisco. Jobs,