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. over $50,000 category, pickups and SUVs distributed through non-premium dealers outsell German luxury brands.
4. China's property companies have been escalating promotional efforts and cutting prices in a bid to maintain sales volumes.