“Under communism theoretically there is no private ownership”
Well, the difference is, under Sino-Communism there is theoretical private ownership! (being that the state still controls everything in every sector of the economy, no matter whose name is on the title)
China is really run more like a slave state.
The “citizens” are really more like slaves, they have no rights, their reproduction is controlled by the owners, and they are allowed to keep property and think it of as their property, but the slave owners can come by and strip them of everything anytime they want.