CHINA NEW HOME PRICES NOW SEEN CLIMBING THIS YEAR AFTER POLICY STEPS

Prices of new homes in China are now expected to climb 3% this year after a slew of policy measures to support the country's beleaguered property market, up from earlier expectations for prices to be flat, a Reuters poll showed.

But the poll of 11 economists, conducted Nov. 20-28, also showed expectations for 1% growth in new home prices in 2024 were little changed from an August poll. Economists said more measures from authorities are needed.

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