It's funny to see the obviously pro-CCCP replies to you here. It demonstrates my point exactly.
No, you don't have ownership. You only rent the land for 70 years, after which it returns to the government. You can 'sell your property' to somone else, at which point the 70-year lease on the land is reset for them to 0.
This is nonsense. A state can privately own land, and you need to own capital in order to lease it in the first place. And since when does renting not count as a form of ownership, albeit with restrictions? You're not allowed to do certain things in the US with your land, does that mean that the US has no private ownership?
I do not wish to defend the CCP, but Communism is more than just "no private property", and you're wrong on the point on private property, at least coming from the Marxian sense which the Communists mean.
No, you don't have ownership. You only rent the land for 70 years, after which it returns to the government. You can 'sell your property' to somone else, at which point the 70-year lease on the land is reset for them to 0.