You’re showing your ignorance. Not only do Chinese have private property and oodles of millionaires and billionaires, they’re ostentatious about it.
The street in the main cities are filled with, Mercedes, BMWs, Porsches and now even Teslas.
I highly recommend you take a trip there, it’ll do wonders for your preconceived and notions.
And if you say the government can take it away, the same is true here.