The economy of China is not characterized by the common/social ownership of the means of production
30% of their industry is SOEs. They have a 90% home ownership rate and one of the most generous pension systems left standing - affording Chinese workers the opportunity to retire inside their 50s. The local property laws force foreign companies to share equity with regional firms, keeping both profits and IP domestic.
And while the high point of the old-school Commune System is long passed, the household responsibility system still guarantees public ownership of arable land. If you work the land, you own the fruit of your labor. That's textbook Communism.
China does spark international conflicts and does bully its neighbors
the country doesn’t cosplay world police and doesn’t participate much in military operations outside the country, which is a big plus.
It goes beyond the negative. They've been a positive force for international relations, helping to buffer North and South Korea to prevent a new war, exporting $100B/year in agriculture products to curb global hunger, and pioneering industrial scale solar, wind, and nuclear technologies to mitigate climate change.
As a global diplomat, they've got cache that the Western states have squandered, making them a popular back channel in Middle Eastern politics.
And to quote Dr. Lubinda Haabazoka, Director at the University of Zambia's Graduate School of Business
Every time Britain visits we get a lecture, every time China visits we get a hospital.
I would say that alone illustrates why Chinese foreign policy deserves praise.