This application provides a communication method and a communications apparatus. The method includes: generating, by a terminal device, first indication information, where the first indication information is used to indicate a precoding matrix, the precoding matrix is applied to at least one antenna panel and includes at least one precoding vector, each precoding vector includes a plurality of subvectors, each subvector corresponds to an antenna port on the antenna panel and includes two polarization vectors, and each polarization vector is generated by performing weighted combination on a plurality of basis vectors; and sending the first indication information. In embodiments of this application, accuracy of a codebook can be improved.