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.
And I have been there so you might want to check your assumptions.
Everything is leased, not owned.
That is an important distinction that you probably do not know about because you calmly swallowed the propaganda fed to you by the Chi-Coms and their stooges.