China’s home foreclosures soar as nation’s debt-fuelled property bull run sputters on falling income and dim job prospects

  • As many as 1.25 million homes were foreclosed in China as of September 16, according to the Taobao e-commerce platform operated by this newspaper’s owner Alibaba Group Holding
  • That’s more than doubling from 500,000 at the end of 2019 and compared with 9,000 foreclosures in 2017