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EDITOR'S PICKS
Publications worth your time

Industry & Tech · On the Chip Floor
After the Fab Expansion: New Coordinates for the Semiconductor Cycle
As mature nodes, advanced packaging, and domestic equipment advance together, the old inventory cycle no longer explains the industry.
Lin Chuan · 12 min read

Finance · Beyond the Coordinates
Why Growth Still Feels Expensive After the Data Cools
The distance between macro indicators and operating reality has become an essential coordinate for understanding business.
Zhou Yu · 10 min read

AI · Models & Boundaries
When Models Think for Us, What Should We Keep?
AI brings more than efficiency. It redistributes judgment, responsibility, and the boundaries of knowledge.
Xu Yan · 14 min read

Society · City Fragments
How the Disappearance of Third Places Is Changing City Life
As staying becomes expensive and encounters are arranged by platforms, urban spaces without a required purpose are shrinking.
Chen Qian · 11 min read