Disintermediation: it is what happens whenever a product or service makes an established industry player unnecessary and redundant.
2
另一方面,由于我国经济环境的特殊性,金融脱媒表现出一些与西方发达国家金融脱媒不完全一致的特征。
On the other hand, because of particularity of economic environment, disintermediation in China's is not fully consistent with that in western developed.
The internet retains the power to disintermediate (that is, bypass media firms by bringing products straight to consumers) and de-aggregate (turning albums into tracks and newspapers into articles).