Chiang Kai-shek favored state capitalism and government owned businesses. In his biography of Chiang JBS founder Robert Welch admitted that Chiang was still (at that time) a socialist of sorts (socialism being one of Sun Yat-sen's "Three Principles of the People"). But that didn't stop the "paleos" from supporting him.
But they were opposed to supporting Israel because Israel was "socialist!"
Chian Kai-shek's ideology was more distributist than socialist. His goal was to make as many Chinese (in theory) property owners as possible so that they would have at least a small stake in the nation rather than being de facto serfs. His view was that whether you're a worker on a collectivized farm owned by the government or on a farm owned by a private corporation, you have no real agency or autonomy.
Western distributists like Chesterton and Belloc were saying the same thing, though I don't know if they directly influenced Chiang Kai-shek or if he simply converged on the same ideas.