:root{--bg:#fafaf7;--fg:#303044;--card:#fff;--muted:#777789;--border:#e7e5de;--brand:#4357a5;--gold:#c69b43;--secondary:#f4f3ef;--accent:#f4eddc;--up:#d25743;--up-soft:#fae9e4;--down:#36846a;--down-soft:#e6f2ed;--shadow:0 8px 30px rgba(0,0,0,.06)}

*{box-sizing:border-box;border-color:var(--border)}
html{scroll-behavior:smooth}
body{margin:0;background:var(--bg);color:var(--fg);font-family:"Noto Sans SC","PingFang SC","Microsoft YaHei",sans-serif;font-feature-settings:"ss01","cv01"}
a{color:inherit;text-decoration:none}
button,input{font:inherit}
.site-header{position:sticky;top:0;z-index:50;border-bottom:1px solid var(--border);background:rgba(250,250,247,.86);backdrop-filter:blur(12px)}
.header-inner{height:64px;max-width:1152px;margin:auto;padding:0 16px;display:flex;align-items:center;gap:16px}
.brand{display:flex;align-items:baseline;gap:8px;flex-shrink:0}
.brand-name,.serif{font-family:"Noto Serif SC","Songti SC",serif}
.brand-name{font-size:21px;font-weight:700;letter-spacing:0}
.brand-en{font-size:11px;letter-spacing:.2em;text-transform:uppercase;color:var(--muted);font-weight:500}
.main-nav{display:flex;gap:4px;margin-left:24px}
.main-nav a,.mobile-nav a{padding:8px 12px;border-radius:6px;font-size:14px;font-weight:500;color:var(--muted);transition:.2s}
.main-nav a:hover,.main-nav a.active,.mobile-nav a:hover{color:var(--fg);background:rgba(0,0,0,.03)}
.header-search{margin-left:auto;position:relative}
.header-search input{width:224px;height:36px;border:1px solid var(--border);border-radius:999px;background:rgba(244,243,239,.7);padding:0 14px 0 36px;outline:0;color:var(--fg);font-size:14px}
.header-search input:focus{width:256px;border-color:var(--brand);box-shadow:0 0 0 3px rgba(67,87,165,.12)}
.search-icon{position:absolute;left:13px;top:9px;color:var(--muted);font-size:15px}
.menu-btn{display:none;margin-left:auto;width:36px;height:36px;border:1px solid var(--border);border-radius:6px;background:none;cursor:pointer}
.mobile-panel{display:none;border-top:1px solid var(--border);padding:16px}
.mobile-panel.open{display:block}
.mobile-search{position:relative;margin-bottom:12px}
.mobile-search input{width:100%;height:40px;border:1px solid var(--border);border-radius:999px;padding:0 14px 0 36px;background:var(--secondary)}
.mobile-nav{display:grid;gap:4px}
.wrap{max-width:1152px;margin:auto;padding-left:16px;padding-right:16px}
.narrow{max-width:896px}
.reading{max-width:768px}
.section{padding-top:56px;padding-bottom:56px}
.intro{padding-top:32px}
.hero{position:relative;overflow:hidden;border:1px solid var(--border);border-radius:16px;background:var(--card)}
.hero-track{display:flex;transition:transform .7s ease-out}
.hero-slide{position:relative;width:100%;flex:0 0 100%;aspect-ratio:21/9;min-height:300px;color:#fff}
.hero-slide img{width:100%;height:100%;object-fit:cover;display:block}
.hero-slide:after{content:"";position:absolute;inset:0;background:linear-gradient(to top,rgba(20,20,35,.88),rgba(20,20,35,.3),transparent)}
.hero-caption{position:absolute;z-index:1;left:0;right:0;bottom:0;padding:40px}
.hero-caption h2{font-size:36px;line-height:1.18;margin:12px 0 0;max-width:760px}
.hero-caption p{max-width:660px;line-height:1.7;color:rgba(255,255,255,.85);margin:12px 0 0}
.hero-meta{display:flex;gap:8px;align-items:center;font-size:14px;color:rgba(255,255,255,.8);margin-top:16px}
.hero-controls{position:absolute;z-index:2;top:50%;transform:translateY(-50%);width:40px;height:40px;border:0;border-radius:50%;background:rgba(250,250,247,.82);color:var(--fg);cursor:pointer;font-size:22px}
.hero-prev{left:12px}
.hero-next{right:12px}
.dots{display:flex;justify-content:center;gap:8px;margin-top:16px}
.dot{height:6px;width:10px;border:0;border-radius:999px;background:var(--border);cursor:pointer}
.dot.active{width:32px;background:var(--brand)}
.pills,.tabs{display:flex;flex-wrap:wrap;gap:8px}
.pills{margin-top:32px}
.pill{padding:6px 16px;border:1px solid var(--border);border-radius:999px;background:var(--card);font-size:14px;color:rgba(48,48,68,.8)}
.pill:hover,.tab:hover{border-color:var(--brand);color:var(--brand)}
.grid-feature{display:grid;grid-template-columns:minmax(0,1.15fr) minmax(420px,.85fr);gap:32px;align-items:start}
.grid-feature>*{min-width:0}
.feature-card,.article-card{border:1px solid var(--border);border-radius:12px;background:var(--card);overflow:hidden}
.feature-card>a,.article-card>a{display:flex;flex-direction:column;height:100%;min-width:0;overflow:hidden}
.feature-card img,.article-card img{display:block;width:100%;height:210px;min-height:210px;max-height:210px;object-fit:cover}
.feature-card img{height:290px;min-height:290px;max-height:290px}
.feature-body{height:248px;padding:24px;display:flex;flex-direction:column;min-width:0;overflow:hidden}
.feature-body h2{max-height:70px;font-size:26px;line-height:1.35;margin:12px 0;overflow-wrap:anywhere;display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:2;line-clamp:2;overflow:hidden}
.feature-body p,.article-card p{color:var(--muted);line-height:1.7;overflow-wrap:anywhere;display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:3;overflow:hidden}
.feature-body>p{max-height:55px;margin:0;-webkit-line-clamp:2;line-clamp:2}.feature-body>.meta{margin-top:auto}
.section-title{display:flex;align-items:center;gap:16px;margin-bottom:8px}
.section-title h2{font-size:20px;margin:0}
.line{height:1px;flex:1;background:var(--border)}
.article-row{display:flex;gap:18px;padding:18px 0;border-bottom:1px solid var(--border);min-width:0;overflow:hidden}
.article-row:last-child{border-bottom:0}
.article-row>a{display:block;flex:0 0 136px;width:136px;min-width:136px;max-width:136px;overflow:hidden}
.row-image{display:block;width:136px;height:102px;min-height:102px;max-height:102px;object-fit:cover;border-radius:8px}
.row-content{flex:1 1 auto;min-width:0;overflow:hidden}
.row-content h3{max-height:51px;font-size:18px;line-height:1.4;margin:6px 0;overflow-wrap:anywhere;display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:2;line-clamp:2;overflow:hidden}
.row-content p{max-height:39px;font-size:13px;color:var(--muted);line-height:1.5;margin:0;overflow-wrap:anywhere;display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:2;line-clamp:2;overflow:hidden}
.editor-picks{min-width:0}.editor-picks .section-title{height:30px;margin-bottom:0}.editor-picks .article-row{height:127px;padding:12px 0;gap:14px}.editor-picks .article-row>a{flex-basis:120px;width:120px;min-width:120px;max-width:120px}.editor-picks .row-image{width:120px;height:90px;min-height:90px;max-height:90px}.editor-picks .row-index{display:none}.editor-picks .row-content h3{font-size:16px;margin:4px 0;-webkit-line-clamp:2;line-clamp:2}.editor-picks .row-content p{font-size:12px;-webkit-line-clamp:1;line-clamp:1}.editor-picks .meta{margin-top:5px;white-space:nowrap}.editor-picks .stance{font-size:11px;padding:1px 6px}
.meta{display:flex;flex-wrap:wrap;gap:8px;color:var(--muted);font-size:12px;margin-top:12px;min-width:0;max-width:100%;overflow:hidden}
.tag{font-size:12px;color:var(--brand);font-weight:700;letter-spacing:.08em}
.stance{display:inline-flex;align-items:center;gap:4px;border:1px solid;border-radius:999px;padding:2px 8px;font-size:12px}
.stance.bullish{background:var(--up-soft);color:var(--up);border-color:rgba(210,87,67,.2)}
.stance.bearish{background:var(--down-soft);color:var(--down);border-color:rgba(54,132,106,.2)}
.stance.neutral{background:var(--secondary);color:var(--muted)}
.band{border-top:1px solid var(--border);border-bottom:1px solid var(--border);background:rgba(244,243,239,.4)}
.category-grid,.article-grid{display:grid;gap:16px}
.category-grid{grid-template-columns:repeat(4,1fr);margin-top:32px}
.category-box{padding:24px;border:1px solid var(--border);border-radius:12px;background:var(--card);display:flex;flex-direction:column;min-height:190px}
.category-box h3{font-size:22px;margin:0}
.category-box p{font-size:14px;color:var(--muted);line-height:1.7;flex:1}
.category-box .enter{color:var(--brand);font-size:14px;font-weight:600}
.article-grid{grid-template-columns:repeat(3,1fr);margin-top:32px}
.article-card{display:flex;flex-direction:column;height:100%}
.article-card-body{padding:20px;display:flex;flex-direction:column;flex:1;min-width:0;overflow:hidden}
.article-card h3{max-height:53px;font-size:18px;line-height:1.45;margin:8px 0 0;overflow-wrap:anywhere;display:-webkit-box;-webkit-box-orient:vertical;-webkit-line-clamp:2;line-clamp:2;overflow:hidden}
.article-card p{max-height:48px;font-size:14px;margin:8px 0 0;display:-webkit-box;-webkit-line-clamp:2;line-clamp:2;-webkit-box-orient:vertical;overflow:hidden}
.article-card-foot{margin-top:auto;display:flex;align-items:center;justify-content:space-between;flex-wrap:wrap;gap:10px;padding-top:14px}
.page-hero{border-bottom:1px solid var(--border);background:rgba(244,243,239,.4)}
.page-hero .wrap{padding-top:48px;padding-bottom:48px}
.eyebrow{font-size:12px;letter-spacing:.3em;text-transform:uppercase;color:var(--muted);font-weight:700}
.page-hero h1{font-size:48px;line-height:1.15;margin:16px 0}
.page-hero p{max-width:680px;color:var(--muted);line-height:1.8;margin:0}
.tabs{margin-bottom:32px}
.tab{padding:6px 16px;border:1px solid var(--border);border-radius:999px;background:var(--card);font-size:14px}
.tab.active{background:var(--brand);border-color:var(--brand);color:#fff}
.article-head{border-bottom:1px solid var(--border)}
.article-head .wrap{padding-top:40px;padding-bottom:48px}
.article-head h1{font-size:44px;line-height:1.18;margin:16px 0}
.article-head .deck{font-size:18px;color:var(--muted);line-height:1.8;margin:0}
.article-byline{display:flex;align-items:center;gap:16px;flex-wrap:wrap;margin-top:28px}
.avatar{width:40px;height:40px;display:inline-flex;align-items:center;justify-content:center;border-radius:50%;background:var(--brand);color:#fff;font-family:serif;font-weight:700}
.author-name{font-size:14px;font-weight:600}
.author-role{font-size:12px;color:var(--muted);margin-top:2px}
.vline{height:32px;width:1px;background:var(--border)}
.cover-wrap{max-width:896px;margin:0 auto;padding:32px 16px}
.cover-wrap img{width:100%;aspect-ratio:16/8;object-fit:cover;border:1px solid var(--border);border-radius:12px;display:block}
.article-body{display:flex;flex-direction:column;gap:24px}
.article-body h2{font-size:26px;line-height:1.35;margin:16px 0 0}.article-body h2,.article-body h3{scroll-margin-top:88px}
.article-body p,.article-body li{font-size:17px;line-height:1.9;color:rgba(48,48,68,.88)}
.article-body ul{display:flex;flex-direction:column;gap:12px;padding:0;margin:0;list-style:none}
.article-body li{position:relative;padding-left:24px}
.article-body li:before{content:"";position:absolute;left:0;top:.88em;width:6px;height:6px;border-radius:50%;background:var(--brand)}
blockquote{position:relative;border-left:2px solid var(--brand);border-radius:0 12px 12px 0;background:rgba(244,243,239,.5);padding:20px 24px;margin:0}
blockquote p{font-family:serif;font-size:20px!important;margin:0}
.cite{display:block;color:var(--muted);font-size:14px;margin-top:8px}
.key-box{border:1px solid var(--border);border-radius:12px;background:var(--card);padding:24px}
.key-box h3{font-size:12px;color:var(--brand);letter-spacing:.15em;text-transform:uppercase;margin:0}
.key-box ol{margin:16px 0 0;padding:0;list-style:none}
.key-box li{display:flex;gap:12px;font-size:15px;line-height:1.6;margin-top:12px}
.key-box li:first-child{margin-top:0}
.key-num{font-family:serif;font-weight:700;color:var(--brand)}
.tag-list{display:flex;flex-wrap:wrap;gap:8px;border-top:1px solid var(--border);padding-top:32px;margin-top:40px}
.tag-link{padding:4px 12px;border-radius:999px;background:var(--secondary);font-size:14px;color:rgba(48,48,68,.8)}
.author-card{display:flex;gap:16px;border:1px solid var(--border);border-radius:12px;background:var(--card);padding:24px;margin-top:32px}
.author-card .avatar{width:48px;height:48px;font-size:18px;flex-shrink:0}
.author-card h2,.author-card h3{font-family:serif;margin:0;font-size:18px}
.author-card p{font-size:14px;color:var(--muted);line-height:1.7;margin:10px 0 0}
.back-link{display:inline-flex;gap:8px;color:var(--muted);font-size:14px;margin-top:40px}
.footer{margin-top:96px;border-top:1px solid var(--border);background:rgba(244,243,239,.4)}
.footer .wrap{padding-top:56px;padding-bottom:56px}
.footer-grid{display:grid;grid-template-columns:1.5fr 1fr 1fr;gap:40px}
.footer h3{font-size:12px;letter-spacing:.15em;text-transform:uppercase;color:var(--muted);margin:0}
.footer p,.footer li{font-size:14px;color:var(--muted);line-height:1.7}
.footer ul{list-style:none;padding:0;margin:16px 0 0;display:grid;gap:10px}
.footer-bottom{border-top:1px solid var(--border);margin-top:48px;padding-top:24px;display:flex;justify-content:space-between;gap:16px;font-size:12px;color:var(--muted)}
.empty{text-align:center;padding:64px 0;color:var(--muted)}
.search-hero{border-bottom:1px solid var(--border);background:rgba(244,243,239,.4)}
.search-box{position:relative;margin-top:24px}
.search-box input{width:100%;height:56px;border:1px solid var(--border);border-radius:999px;padding:0 112px 0 48px;background:var(--card);outline:0;font-size:16px}
.search-box button{position:absolute;right:8px;top:8px;border:0;border-radius:999px;background:var(--brand);color:#fff;padding:10px 20px;cursor:pointer}
.breadcrumbs{display:flex;flex-wrap:wrap;gap:8px;align-items:center;margin-bottom:20px;font-size:13px;color:var(--muted)}
.breadcrumbs a{color:var(--muted);text-decoration:none}.breadcrumbs a:hover{color:var(--brand)}
.intro-kicker{margin:0 0 18px;color:var(--muted);font-size:15px;letter-spacing:.04em}
.risk-notice{display:flex;gap:12px;align-items:flex-start;border:1px solid #e4c36a;border-radius:10px;background:#fff8df;color:#5f4b16;padding:16px 18px;line-height:1.7;font-size:14px}
.risk-notice strong{white-space:nowrap;color:#8a6500}.article-risk{margin:0 0 28px}.market-notice{display:flex;gap:12px;align-items:flex-start;margin-top:24px;padding:14px 16px;border-left:3px solid var(--brand);background:rgba(29,95,82,.06);color:var(--muted);font-size:14px;line-height:1.7}.market-notice strong{color:var(--brand);white-space:nowrap}
.article-layout{max-width:1040px}.article-main{margin-left:auto;margin-right:auto}.article-toc{border:1px solid var(--border);border-radius:8px;background:var(--card);padding:16px 18px}.article-toc strong,.article-toc summary{font-family:serif;font-size:17px;font-weight:700}.article-toc summary{cursor:pointer}.article-toc ol{margin:12px 0 0;padding-left:20px;display:grid;gap:7px}.article-toc li{font-size:13px;line-height:1.5;overflow-wrap:anywhere}.article-toc .toc-level-3{margin-left:12px}.article-toc a{color:var(--fg);text-decoration:none}.article-toc a:hover{color:var(--brand)}.toc-desktop{display:none}.toc-mobile{display:block;margin:0 0 24px}
.category-intro{font-size:16px;line-height:1.9;color:var(--muted);margin:18px 0}.category-intro p{margin:0 0 10px}.framework-box{border:1px solid var(--border);border-radius:12px;background:var(--card);padding:22px 24px;margin:0 0 28px}.framework-box h2{margin:0 0 8px;font-size:22px}.framework-box p{margin:0;color:var(--muted);line-height:1.7}.faq-section{margin-top:52px;border-top:1px solid var(--border);padding-top:28px}.faq-section h2{margin:0 0 16px}.faq-section details{border-bottom:1px solid var(--border);padding:15px 0}.faq-section summary{cursor:pointer;font-weight:600}.faq-section details p{margin:10px 0 0;color:var(--muted);line-height:1.7}.references{border-top:1px solid var(--border);padding-top:24px;margin-top:32px}.references h2{font-size:22px;margin:0 0 10px}.references p{margin:6px 0;color:var(--muted);font-size:14px;line-height:1.7}.review-note{margin-top:18px;padding:12px 14px;border-radius:8px;background:rgba(29,95,82,.06);color:var(--muted);font-size:13px;line-height:1.6}.footer-disclaimer{font-size:12px;color:var(--muted);line-height:1.6}.footer-disclaimer p{margin:0 0 6px}.article-entry .post-navigation{display:flex;justify-content:space-between;gap:20px;margin-top:32px;padding-top:24px;border-top:1px solid var(--border);font-size:14px}.article-entry .post-navigation a{color:var(--brand);text-decoration:none}
.legal-placeholder{margin-top:28px;border:1px solid var(--border);border-radius:10px;background:var(--card);padding:24px}.legal-placeholder h2{font-size:22px;margin:22px 0 8px}.legal-placeholder h2:first-child{margin-top:0}.legal-placeholder p{color:var(--muted);line-height:1.8}
.timeliness-notice{display:flex;gap:10px;align-items:flex-start;margin:0 0 24px;padding:13px 15px;border-left:3px solid var(--gold);background:rgba(244,237,220,.45);font-size:13px;line-height:1.7;color:var(--muted)}.timeliness-notice strong{white-space:nowrap;color:var(--fg)}.must-read{margin-bottom:36px}.must-read>h2{margin:0}.must-read .article-grid{margin-top:18px}

@media(max-width:1024px){.main-nav,.header-search{display:none}
.menu-btn{display:block}
.grid-feature{grid-template-columns:1fr}
.feature-body{height:auto;min-height:220px}
.category-grid{grid-template-columns:repeat(2,1fr)}
.article-grid{grid-template-columns:repeat(2,1fr)}
.hero-caption{padding:28px}
.hero-caption h2{font-size:28px}
.article-head h1{font-size:36px}
}

@media(max-width:600px){.wrap{padding-left:16px;padding-right:16px}
.section{padding-top:40px;padding-bottom:40px}
.intro{padding-top:24px}
.hero-slide{aspect-ratio:4/3;min-height:360px}
.hero-caption{padding:22px}
.hero-caption h2{font-size:25px}
.hero-caption p{display:none}
.category-grid,.article-grid{grid-template-columns:1fr}
.page-hero h1{font-size:38px}
.article-head h1{font-size:30px}
.article-head .deck{font-size:16px}
.article-byline{gap:12px}
.risk-notice,.market-notice,.timeliness-notice{flex-direction:column;gap:5px}
.vline{display:none}
.article-row>a{display:none}
.row-image{display:none}
.article-row{gap:0}
.editor-picks .article-row{height:auto;min-height:112px}.editor-picks .article-row>a{display:none}.editor-picks .row-content p{display:none}.editor-picks .meta{white-space:normal}
.footer-grid{grid-template-columns:1fr;gap:28px}
.footer-bottom{flex-direction:column}
.feature-body{padding:20px}
.feature-body h2{font-size:24px}
}

@media(min-width:1280px){.article-layout{display:grid;grid-template-columns:minmax(0,768px) 208px;gap:32px;align-items:start}.article-main{grid-column:1;width:100%;margin:0}.toc-desktop{display:block;position:sticky;top:92px;grid-column:2;grid-row:1;max-height:calc(100vh - 116px);overflow:auto;box-shadow:var(--shadow)}.toc-mobile{display:none}body.admin-bar .toc-desktop{top:124px;max-height:calc(100vh - 148px)}}