Textbook communism is an economy that is 100% worker-owned, with everyone's needs directly met without the intervention of money. The rest is not that, by literal definition. Let's not play into the hands of people who want to call that communism and ultra-left to exploit in their own needs.
China does have some strong policies, but it doesn't make it communist by any definition. Also, high home ownership rate is mostly a cultural phenomenon, with housing still seen as "best investment" despite the fact there are entire ghost towns full of houses that never ever filled.
I'm well aware that US pressures China militarily, and that China has a much more peaceful approach. However, Chinese ships regularly bully other countries in the South China Sea against international maritime laws.
The infrastructure China builds is not just a gift - but an investment on which China expects a return. I'm not convinced China is actively pursuing debt trap diplomacy, but it certainly uses economic power to pressure other countries into various concessions.