A lot to unpack here. You completely blipped over the part about “no property rights” which is pretty clear when you look at, for example, how their rail construction projects go. Choochoo, rail is coming through, time to move this village, no eminent domain payments necessary.
> If the chinese don't have property rights, then how come they own so much property?
If ownership of a half-finished concrete shell by a bankrupt construction firm on the 33rd floor is counted as “owning property”, then the statistics will look pretty good.