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
• The number of foreclosures on the platform stood at 300,000 at the end of 2019 and 180,000 in 2017