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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
Post your - 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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🎁 4 winners split $100 Futures Voucher! - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
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4. Submissions must be original and comply with community guidelines. Plagiarism or re
📍China's real estate continues to decline, the government's support packages only serve as "band-aids".
🔻 The sales of the 100 largest real estate companies in China decreased by -24% Y/Y in July (the lowest in 10 months). This figure follows a -23% decline from the previous month. Month-over-month, it dropped by -38% M/M (the lowest since the beginning of the year).
🔻 Both new and old home prices fell together in June, exceeding -0.5% M/M.
🔻 The PBoC continues to inject 544.8B CNY through a 7-day RRP with an interest rate of 1.4%. It is still just a temporary adjustment, not addressing the issue.
🔻 Most large real estate enterprises are still in a state of insolvency, with over 70% of USD bonds in the industry defaulted. Evergrande is about to be delisted, Country Garden is losing liquidity, and anyone who tried to bottom-fish the Chinese market a year ago has likely been exposed to the harsh realities of the market.
🔻However, I believe that the economic downturn in China will not cause a chain crisis. China's room for maneuver is very large. Beijing has just not timed the phase for QE to push the economy back. This phase is only about injecting liquidity to let the market cool down naturally after many decades of overheating.