In the Media

With Trump’s recent victory in the U.S. presidential election, the new administration is set to appoint a fresh slate of department heads. However, the position of Federal Reserve Chair Jerome Powell will remain unchanged. Despite being Trump’s nominee, Powell has often found himself at odds with the President, particularly over interest rate hikes, which Trump has publicly criticized.

Digital platforms help lesser-known cultural workers find their audience by reducing consumers' search costs, allowing products that struggle in traditional markets to enter at lower costs, thereby fostering a more diverse marketplace. However, as traffic becomes increasingly important, operations of digital platforms are becoming more biased. In China's digital arts and entertainment market, the platform's promotion and manipulation can dictate a creative work's success and may even hinder innovation.