RESEARCH FEATURE 01
Can China Turn Dispersed Compute into a National Market?
How visibility, interconnection and scheduling are beginning to connect geographically dispersed compute — and why a truly fungible national market does not exist yet.
NEW · 18 OCTOBER 2026 · LONG-FORM ANALYSIS
The Two Economies of Artificial Intelligence →
America’s AI debt reckoning meets China’s emerging system of models, energy, computing infrastructure and capital. An evidence-led comparison of the risks investors may be conflating.
CHINA AI EVOLUTION · RESEARCH FEATURESWEEKLY LONG-FORM · EVIDENCE LED
RESEARCH FEATURES
One important question.
Properly explained.
Research Features step away from the daily research flow and explain one consequential part of China’s AI infrastructure transformation from beginning to end.
Visuals that clarifyPrimary sources for material claimsInterpretation traceable to evidence
WEEKLY, WHEN THE EVIDENCE IS READYOne major question at a time.
LATEST RESEARCH FEATURERESEARCH FEATURE 03
THE DEMAND AND CONTROL PLANE
China is connecting its AI infrastructure. Who will control the demand?
Shanghai's Haina marketplace, Alibaba's model policies and Kingsoft Cloud's multi-model offering reveal a new contest: who turns computing capacity into services that customers actually pay to use?
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EVIDENCE
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Keep exploring the series
Each Research Feature takes one major question and explains it from evidence to implications.
RESEARCH FEATURE 02 · 3 OCTOBER 2026
Who pays for China’s AI infrastructure?
How policy, lenders, industrial partners and infrastructure operators finance the build-out—and where cash returns matter.