@font-face{font-family:"Editorial SC";src:url("assets/editorial-serif-sc.woff") format("woff");font-weight:200 900;font-display:swap}
:root{--paper:#f7f5ef;--ink:#252820;--secondary:#505249;--muted:#707267;--rule:#d5d4c9;--strong:#888b7e;--accent:#984b2b;--tint:#eeece2;--positive:#3c6854;--negative:#a04832;--serif:"Times New Roman","Editorial SC","Songti SC",serif;--sans:-apple-system,BlinkMacSystemFont,"Helvetica Neue","PingFang SC",sans-serif;color-scheme:light}
:root[data-theme=dark]{--paper:#1e211e;--ink:#e9e6dc;--secondary:#c1c2b8;--muted:#a0a69a;--rule:#42483e;--strong:#7b8375;--accent:#d89b78;--tint:#292e28;--positive:#96bba4;--negative:#e8a18b;color-scheme:dark}
*{box-sizing:border-box}html{scroll-behavior:smooth;scroll-padding-top:84px}body{margin:0;background:var(--paper);color:var(--ink);font-family:var(--serif);-webkit-font-smoothing:antialiased}a{color:inherit;text-decoration:none}a:hover{color:var(--accent)}button{font:inherit;color:inherit;cursor:pointer}button,a,summary{-webkit-tap-highlight-color:transparent}button:focus-visible,a:focus-visible,summary:focus-visible{outline:2px solid var(--accent);outline-offset:5px}p,h1,h2,h3,ul,ol,dl,dd,blockquote{margin:0}ul,ol{list-style:none;padding:0}button{border:0;background:transparent}::selection{background:#cfb59c;color:#252820}.skip-link{position:fixed;top:-90px;left:16px;background:var(--paper);padding:12px;z-index:20}.skip-link:focus{top:8px}
.preview-bar{position:sticky;top:0;z-index:10;display:flex;align-items:center;justify-content:center;gap:24px;min-height:49px;padding:7px 30px;border-bottom:1px solid var(--rule);background:var(--paper);font:11px/1.3 var(--sans);letter-spacing:.05em}.preview-label{color:var(--muted);font-size:10px}.layout-switch{display:flex;gap:3px}.layout-switch a{padding:8px 17px;border:1px solid transparent}.layout-switch a[aria-current]{background:var(--ink);color:var(--paper)}.layout-switch a:not([aria-current]):hover{border-color:var(--rule)}.original-link{color:var(--muted);font-size:10px}
.paper{max-width:1120px;padding:0 48px;margin:auto}.masthead-top{display:flex;align-items:center;justify-content:space-between;padding:22px 0 18px;font:11px/1.4 var(--sans);color:var(--secondary);letter-spacing:.035em}.utilities{display:flex;align-items:center;gap:10px}.utilities a[aria-current]{color:var(--accent)}.utilities>span{color:var(--rule)}.theme-toggle{font:11px var(--sans);padding:0 0 0 14px;margin-left:3px;border-left:1px solid var(--rule)}.brand-row{display:grid;grid-template-columns:1fr auto 1fr;align-items:center;gap:20px;padding:9px 0 28px}.brand{display:flex;align-items:center;justify-content:center;gap:13px;font:64px/.95 "Times New Roman",serif;letter-spacing:-3px;white-space:nowrap}.brand img{width:50px;height:56px;object-fit:contain}.brand i{font-weight:400}.brand-side{font:9px/1.9 var(--sans);letter-spacing:.1em;text-transform:uppercase;color:var(--secondary)}.brand-side span{font-size:9px;letter-spacing:.13em}.ownership{text-align:right;letter-spacing:.035em}.ownership strong{font-size:14px;letter-spacing:.14em;font-weight:600}.edition-line{border-top:3px solid var(--ink);border-bottom:1px solid var(--strong);display:flex;align-items:center;justify-content:space-between;gap:16px;padding:11px 0;font:11px/1.4 var(--sans)}.edition-center{font-size:9px;letter-spacing:.18em;color:var(--muted)}.edition-line>div{display:flex;gap:13px}.dot{color:var(--muted)}.subscribe{color:var(--accent)}
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.v2-highlight-list>li{display:grid;grid-template-columns:33px minmax(0,1fr);gap:18px;padding:24px 0;border-bottom:1px solid var(--rule)}.v2-highlight-list>li:last-child{border-bottom:0;padding-bottom:0}.v2-highlight-num{font:italic 22px/1.4 "Times New Roman",serif;color:var(--accent)}.v2-highlight-fact{font-size:19px;line-height:1.6}.v2-highlight-why{font-size:16px;line-height:1.65;color:var(--muted);margin-top:9px}.report{padding:28px 0;border-bottom:1px solid var(--rule)}.report:last-child{border-bottom:0}.report-eyebrow{font:11px/1.5 var(--sans);letter-spacing:.025em;color:var(--accent)}.v2-subnet-meta{display:flex;justify-content:space-between;align-items:center}.v2-subnet-meta>span:first-child{font-weight:600;letter-spacing:.08em}.v2-chg{font-variant-numeric:tabular-nums}.up{color:var(--positive)}.down{color:var(--negative)}.report h3{font-size:32px;line-height:1.25;font-weight:500;letter-spacing:-.025em;margin:8px 0 23px}.v2-subnet-body>div{display:grid;grid-template-columns:95px minmax(0,1fr);gap:19px;margin-bottom:18px}.v2-subnet-body>div:last-child{margin-bottom:0}.v2-subnet-body dt{font:10px/1.65 var(--sans);padding-top:5px;color:var(--muted)}.v2-subnet-body dd,.report-summary,.v2-debate{font-size:18px;line-height:1.75;overflow-wrap:break-word}.v2-subnet-body>div:last-child:not(:first-child){border-left:2px solid var(--rule);padding-left:15px;margin-left:-17px}.v2-tg-note{font:11px/1.7 var(--sans);padding:16px 0;border-top:1px solid var(--rule)}.accent-link{color:var(--accent)}.v2-topic .report h3{font-size:30px;line-height:1.4}.v2-debate{margin:24px 0}.v2-debate-head{font:10px/1.6 var(--sans);letter-spacing:.05em;color:var(--muted);text-transform:uppercase}.v2-debate li{padding:18px 0;border-bottom:1px solid var(--rule)}.v2-debate li:last-child{border-bottom:0}.v2-debate blockquote{font-size:19px;font-style:italic;line-height:1.65;border-left:2px solid var(--accent);padding-left:18px;margin-top:12px;color:var(--secondary)}.v2-voice{padding:21px 0}.v2-voice .report-summary{margin-top:8px}.v2-voice-link{font:10px/1.5 var(--sans);margin-top:12px}.v2-market-head{font:12px/1.5 var(--sans);padding:18px 0 0;color:var(--secondary)}.v2-market-summary{padding:12px 0 24px}.v2-market-grid{display:grid;grid-template-columns:1fr 1fr;gap:30px}.v2-market-table{min-width:0}.v2-market-table h3{font:600 12px/1.5 var(--sans);padding-bottom:10px;border-bottom:1px solid var(--strong)}table{width:100%;border-collapse:collapse;font:11px/1.5 var(--sans)}td{padding:11px 0;border-bottom:1px solid var(--rule);vertical-align:top}.v2-sn{font-weight:500}.v2-sn span{display:block;font-size:10px;font-weight:400;color:var(--muted);margin-top:3px}.v2-num{text-align:right;white-space:nowrap;padding-left:8px;font-variant-numeric:tabular-nums}.v2-muted{color:var(--muted)}.v2-note-row td{font:13px/1.65 var(--serif);color:var(--secondary);padding:0 0 13px}.v2-empty{font:13px/1.7 var(--sans);color:var(--muted);padding:21px 0}.v2-recent-releases>.report-eyebrow{padding:16px 0 5px;border-top:1px solid var(--rule);color:var(--muted)}.recent-compact-list li{display:grid;grid-template-columns:56px minmax(0,1fr);gap:16px;padding:15px 0;border-bottom:1px solid var(--rule);font-size:17px;line-height:1.6}.recent-compact-list li:last-child{border-bottom:0}.recent-compact-list time{font:10px/1.6 var(--sans);color:var(--muted);padding-top:4px}.reading-complete{display:flex;justify-content:center;align-items:center;gap:12px;color:var(--muted);font:10px var(--sans);letter-spacing:.1em;padding:10px 0 44px}.reading-complete span{font-size:7px;color:var(--accent)}.recent-compact{border-top:1px solid var(--strong);padding-top:18px;margin-bottom:44px}.archive{font:11px/1.6 var(--sans);color:var(--accent);margin-top:17px}.archive summary{cursor:pointer;padding:5px 0;min-height:30px}.archive-dates{display:grid;grid-template-columns:repeat(4,1fr);gap:8px;padding:18px 0}.archive-dates a{padding:7px;background:var(--tint);text-align:center}footer{border-top:3px double var(--strong);padding:23px 0 34px;display:flex;align-items:center;justify-content:space-between;gap:20px;font:10px/1.7 var(--sans);color:var(--muted)}.footer-brand{font:25px/1.2 var(--serif);color:var(--ink);letter-spacing:-1px}.footer-brand span{display:block;font:9px/1.5 var(--sans);letter-spacing:.015em;color:var(--muted);margin-top:7px}
/* B: a broad editorial column, a quieter independent dispatch rail. */
[data-layout=b] .paper{max-width:1280px;padding:0 48px}[data-layout=b] .brand{font-size:70px}[data-layout=b] .brand img{width:54px;height:62px}.editorial-grid{display:grid;grid-template-columns:minmax(0,1fr) 282px;gap:0 36px;padding-top:35px}.main-column{min-width:0}.main-column .today-brief{padding-top:0}.side-column{border-left:1px solid var(--rule);padding-left:29px;min-width:0}.rail-stack{position:sticky;top:var(--rail-top,75px)}.edition-index{margin-bottom:34px}.edition-index h2{font-size:22px;line-height:1.4;font-weight:500;margin:8px 0 17px}.edition-index nav a{display:flex;align-items:center;gap:13px;font:12px/1.6 var(--sans);padding:11px 0;border-bottom:1px solid var(--rule)}.edition-index nav a>span{font:italic 13px var(--serif);color:var(--muted)}.edition-index nav b{margin-left:auto;font-weight:400;color:var(--muted)}.subnet-index{margin-bottom:36px}.subnet-index h2{font:11px/1.6 var(--sans);font-weight:500;color:var(--muted);padding-bottom:10px;border-bottom:1px solid var(--strong)}.subnet-index>a{display:flex;gap:10px;align-items:baseline;padding:10px 0;border-bottom:1px solid var(--rule)}.subnet-index>a>span{font:10px/1.5 var(--sans);color:var(--accent);width:39px;flex-shrink:0}.subnet-index strong{font:16px/1.4 var(--serif);overflow-wrap:anywhere}.subnet-index b{font:12px var(--sans);margin-left:auto;color:var(--muted)}.side-column .reports-toolbar h2{font-size:22px}.side-column .v2-voice{padding:18px 0}.side-column .v2-voice .report-summary{font-size:16px;line-height:1.65}.side-column .v2-voice-link{font-size:9px}.side-column .report-eyebrow{font-size:10px}.side-column .v2-section{margin-bottom:0}.bottom-column{grid-column:1/-1;border-top:1px solid var(--rule);padding-top:38px}.bottom-column .v2-market-grid{grid-template-columns:repeat(4,minmax(0,1fr));gap:24px}.bottom-column .v2-market .issue-stats{font-size:10px}.bottom-column .v2-protocol,.bottom-column .recent-compact{max-width:752px}.bottom-column .reading-complete{padding-top:15px}.main-column .v2-subnet-body>div{grid-template-columns:83px minmax(0,1fr);gap:15px}.main-column .v2-highlight-fact{font-size:19px}
/* Chinese typography has its own measure and rhythm. */
:lang(zh-CN) .today-heading h1{font-size:32px;font-weight:600;letter-spacing:.015em}:lang(zh-CN) .today-lede{font-size:19px;line-height:1.95;letter-spacing:.015em}:lang(zh-CN) .reports-toolbar h2,:lang(zh-CN) .recent-compact h2{font-size:25px;letter-spacing:.055em}:lang(zh-CN) .v2-highlight-fact{font-size:17px;line-height:1.95;letter-spacing:.01em}:lang(zh-CN) .v2-highlight-why{font-size:14px;line-height:1.85}:lang(zh-CN) .v2-subnet-body dd,:lang(zh-CN) .report-summary,:lang(zh-CN) .v2-debate{font-size:16px;line-height:1.95;letter-spacing:.01em}:lang(zh-CN) .v2-topic .report h3{font-size:27px}:lang(zh-CN) .v2-debate blockquote{font-size:17px;letter-spacing:0}:lang(zh-CN) .recent-compact-list li{font-size:15px;line-height:1.9}:lang(zh-CN) .side-column .v2-voice .report-summary{font-size:14px;line-height:1.95}:lang(zh-CN) .side-column .reports-toolbar h2{font-size:22px}:lang(zh-CN) .v2-note-row td{font-size:12px;line-height:1.8}
.brand .brand-dark{display:none}[data-theme=dark] .brand .brand-light{display:none}[data-theme=dark] .brand .brand-dark{display:block}
@media(min-width:1400px){[data-layout=b] .paper{max-width:1336px}.editorial-grid{grid-template-columns:minmax(0,1fr) 306px;gap:0 44px}.side-column{padding-left:34px}}
@media(max-width:1050px){.brand{font-size:52px}.brand img{width:43px;height:48px}.brand-side{font-size:8px}.brand-row{gap:12px}[data-layout=b] .brand{font-size:56px}.editorial-grid{grid-template-columns:minmax(0,1fr) 236px;gap:0 25px}.side-column{padding-left:23px}.main-column .v2-subnet-body>div{display:block}.main-column .v2-subnet-body dt{margin-bottom:4px}.bottom-column .v2-market-grid{grid-template-columns:1fr 1fr}.edition-center{display:none}}
@media(max-width:800px){.paper,[data-layout=b] .paper{padding:0 25px}.preview-bar{padding:7px 16px;gap:15px}.preview-label{display:none}.brand-row{display:flex;justify-content:center;padding:14px 0 25px}.brand-side{display:none}.brand,[data-layout=b] .brand{font-size:58px}.brand img,[data-layout=b] .brand img{width:43px;height:52px}.masthead-top{font-size:10px;padding-top:18px}.section-nav{gap:12px 22px;font-size:10px}.editorial-grid{display:flex;flex-direction:column;padding-top:27px}.side-column{border-left:0;border-top:1px solid var(--rule);padding:0;margin-top:0}.rail-stack{position:static}.edition-index,.subnet-index{display:none}.side-column .v2-section{margin:0 0 35px}.side-column .v2-voice .report-summary{font-size:18px}:lang(zh-CN) .side-column .v2-voice .report-summary{font-size:16px}.bottom-column{padding-top:0;border-top:0}.main-column .v2-subnet-body>div{display:grid;grid-template-columns:84px minmax(0,1fr)}.side-column .reports-toolbar h2{font-size:26px}.side-column .report-eyebrow{font-size:11px}.side-column .v2-voice-link{font-size:10px}.today-heading h1{font-size:32px}.today-brief{padding:32px 0}.single-reading{max-width:100%}.v2-market-grid,.bottom-column .v2-market-grid{gap:25px}.v2-highlight-list>li{padding:21px 0}}
@media(max-width:520px){html{scroll-padding-top:68px}.paper,[data-layout=b] .paper{padding:0 20px}.preview-bar{min-height:46px;gap:12px;padding:6px 12px}.layout-switch a{padding:8px 10px;font-size:10px}.original-link{font-size:9px;white-space:nowrap}.masthead-top{font-size:9px;gap:12px;align-items:flex-start;padding:18px 0 11px}.masthead-top>p{max-width:160px;line-height:1.6}.utilities{gap:6px}.theme-toggle{padding-left:8px;font-size:11px}.theme-toggle span{display:none}.brand,[data-layout=b] .brand{font-size:43px;letter-spacing:-2px;gap:8px}.brand img,[data-layout=b] .brand img{width:33px;height:39px}.brand-row{padding:16px 0 23px}.edition-line{font-size:9px;padding:10px 0;gap:8px}.edition-line>div{gap:7px}.edition-line>div>a:first-child,.edition-line .dot{display:none}.section-nav{font-size:9px;gap:10px 19px;padding:11px 0}.today-heading h1{font-size:28px;line-height:1.3}:lang(zh-CN) .today-heading h1{font-size:25px;line-height:1.55;letter-spacing:0}.today-lede{font-size:19px}:lang(zh-CN) .today-lede{font-size:17px;line-height:1.9}.today-brief{padding:28px 0 31px}.kicker{font-size:9px}.reports-toolbar{padding:12px 0;gap:9px}.reports-toolbar h2,.recent-compact h2{font-size:24px}:lang(zh-CN) .reports-toolbar h2,:lang(zh-CN) .recent-compact h2{font-size:23px}.section-category{font-size:8px}.v2-highlight-list>li{grid-template-columns:25px minmax(0,1fr);gap:12px;padding:20px 0}.v2-highlight-num{font-size:20px}.v2-highlight-fact,.main-column .v2-highlight-fact{font-size:18px}:lang(zh-CN) .v2-highlight-fact,:lang(zh-CN) .main-column .v2-highlight-fact{font-size:16px}.v2-highlight-why{font-size:15px}:lang(zh-CN) .v2-highlight-why{font-size:13px}.v2-section{margin-bottom:34px}.report{padding:23px 0}.report h3{font-size:30px;margin:8px 0 18px}.v2-subnet-body>div,.main-column .v2-subnet-body>div{display:block;margin-bottom:17px}.v2-subnet-body dt{padding:0;margin-bottom:5px}.v2-subnet-body>div:last-child:not(:first-child){margin-left:0;padding-left:12px}.v2-subnet-body dd,.report-summary,.v2-debate{font-size:17px}.v2-topic .report h3{font-size:27px}:lang(zh-CN) .v2-topic .report h3{font-size:24px}.v2-market-grid,.bottom-column .v2-market-grid{grid-template-columns:1fr;gap:27px}.v2-market .issue-stats{margin-left:0;width:100%;font-size:9px}.v2-sn span{display:inline;margin-left:5px}.v2-num{font-size:12px}.v2-market table{font-size:12px}.v2-note-row td{font-size:14px}:lang(zh-CN) .v2-note-row td{font-size:13px}.recent-compact-list li{grid-template-columns:42px minmax(0,1fr);gap:12px}.archive-dates{grid-template-columns:repeat(3,1fr)}footer{flex-wrap:wrap;padding-bottom:27px;gap:14px}footer p{display:none}.footer-brand{font-size:23px}.section-nav a{min-height:22px;display:flex;align-items:center}}
.release-change .report-eyebrow{display:flex;gap:14px;flex-wrap:wrap}.release-sources{font:11px/1.7 var(--sans);margin-top:16px;color:var(--accent)}.protocol-state-note{padding:16px 0;font:12px/1.8 var(--sans);color:var(--muted)}
@media(max-width:520px){.section-nav{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:5px 10px}.section-nav a{justify-content:center}}
.protocol-recency-note{font:12px/1.8 var(--sans);color:var(--muted);padding:17px 0 20px;border-bottom:1px solid var(--rule)}
.v2-protocol .recent-compact-list li{grid-template-columns:94px minmax(0,1fr);gap:20px;padding:23px 0}
.v2-protocol .recent-compact-list time{font-size:11px;font-variant-numeric:tabular-nums;letter-spacing:.02em;padding-top:2px}
.v2-protocol .recent-compact-list a{display:flex;flex-direction:column;gap:9px}
.protocol-version{font:600 12px/1.5 var(--sans);letter-spacing:.06em;color:var(--accent)}
.protocol-headline{font-size:18px;line-height:1.65}
:lang(zh-CN) .protocol-headline{font-size:16px;line-height:1.9}
.nav-group-label{font:9px/1.5 var(--sans);letter-spacing:.08em;color:var(--muted);padding:18px 0 8px}
@media(max-width:520px){.protocol-recency-note{font-size:11px;padding:14px 0 17px}.v2-protocol .recent-compact-list li{grid-template-columns:77px minmax(0,1fr);gap:13px;padding:19px 0}.v2-protocol .recent-compact-list time{font-size:10px}.protocol-headline{font-size:17px}:lang(zh-CN) .protocol-headline{font-size:15px}}
@media(prefers-reduced-motion:reduce){html{scroll-behavior:auto}}
.new-badge{display:inline-block;margin-left:6px;padding:1px 5px;border-radius:2px;background:var(--accent);color:var(--paper);font:600 9px/1.4 var(--sans);letter-spacing:.06em;vertical-align:1px}.new-badge[hidden]{display:none}