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SummaryCompanies cpurl://apps.cp./cms/?pageId=house-poll poll dataNew home prices will likely rise in 2024Property sales, investment seen continuing to slide next yearBEIJING, Nov 29 (Reuters) - 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. According to the poll, property investment is expected to slump 10% in 2023 and then 8.4% in 2024. Regulators are drafting a list of 50 property developers eligible for a range of financing support, including Country Garden (2007.HK) and state-backed China Vanke (000002.SZ), Bloomberg reported last week. (For other stories from the Reuters quarterly housing market polls)Reporting by Liangping Gao and Ryan Woo; Editing byOur Standards: The Thomson Reuters Trust Principles.

Persons: Huang Yu, Wang Xingping, Liangping Gao, Ryan Woo Organizations: China Index Academy, Fitch, Regulators, HK, Bloomberg, Thomson Locations: BEIJING, China

☆ Asian Games: Premature celebration from South Korean skater costs team gold medal and military service exemption
▼ + stars: | 2023-10-03 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —Winning a gold medal is a big deal. Jung was part of the three-man South Korean team taking part in the men’s 3,000m speed skating relay final at the Huangzhou Asian Games in China on Monday. The 27-year-old, who was skating the final leg of the race, approached the finish line just ahead of Taiwan’s Huang Yu-Lin. Thinking that he had the gold medal sealed, Jung chose to raise his hands aloft and not reach for the finish line. The mandatory duty can be waived for some athletes, in particular, those who win an Olympic medal or a gold medal in the Asian Games.

Persons: Jung Cheol, Jung, Taiwan’s Huang Yu, Lin, Huang, pip Jung, ” Huang, “, ” Jung, Wang Zhao, Choi Organizations: CNN, South, Korean, Taiwan, Reuters, Getty, Asian Locations: China, Taiwan’s, Taiwan, South Korea, India, AFP, South, Aichi, Nagoya, Japan

☆ Hi-res art scans from Taiwan's National Palace Museum leak online -- and turn up for sale on Chinese online shopping platform
▼ + stars: | 2023-03-15 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

The National Palace Museum in Taipei said Tuesday it had reached out to Taobao, a shopping website popular in mainland China, to prevent the images from spreading. “We are looking into it and have hired lawyers to raise to Taobao about the intellectual properties and damages involved,” said deputy museum director Huang Yung-tai. In its statement, the National Palace Museum said they first identified the leak in June last year and it launched an investigation into the matter two months later. The National Palace Museum’s collection is a major bone of contention between Taiwan and China. Much of its vast collection of artifacts were once housed at the Palace Museum in Beijing’s Forbidden City – treasures that have already survived two wars.

☆ Taiwan Jan export orders fall more slowly, downside risks remain
▼ + stars: | 2023-02-20 | by ( Faith Hung | ) www.reuters.com time to read: +3 min

The island's export orders, a bellwether for global technology demand, had been 19.3% lower than a year before at $47.51 billion, the Ministry of Economic Affairs said on Monday. While semiconductor demand driven by new technologies would help orders in the traditional low season in the first quarter, "the downside risks of the global economy are still high, which may affect the performance of export orders", the ministry said. The ministry added that it expected export orders this month to be lower than in February 2022 by between 6.9% and 10.8%. Taiwan's January orders from China were 45.9% lower than a year earlier, versus the annual fall of 37.7% seen in December. Export orders from Europe rose 18.3%, versus December's annual fall of 23.9%.

BEIJING, Dec 6 (Reuters) - Chinese residents have rushed to snap up COVID-19 antigen kits and medicines for fevers and colds, as the country's recent easing of prevention measures triggered widespread concern among the public that they could now catch the virus. "People around me are all buying antigen kits and I also bought 50," said 40-year-old Beijing resident Huang Yuqi, working for an entertainment company. "Now the country is entering a new phase in terms of pandemic policy and I'm unsure about what will happen next. Shandong-based pharmaceutical company Buchang Pharma (603858.SS) told local news outlet Cailianshe that its factory making a Chinese medicine for lung disease was working around the clock due to "huge demand". The rush to stock up on COVID treatments drew scorn in state media.

☆ China's property prices to rise in 2023, sales to fall more slowly
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +3 min

"Property measures are expected to strengthen support, which will improve residents' confidence." A recent slew of support measures, including loan repayment extensions, aimed at improving liquidity in the property sector has underpinned market sentiment. But analysts and economists in the poll expected concerns about falling house prices, protracted COVID restrictions, and delays in construction to continue to weigh on demand. Property sales were seen slumping 5.0% in the first half of 2023, a smaller drop than the 15.0% fall forecast in the September poll. Some analysts say average house prices will need to fall by around 20% to 30% to entice demand.

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