actually you can deduce left and right wing thinking primarily to a priori vs a posteriori assumptions about the world. you're either hold one or the other.
any one who claims otherwise either doesn't understand 3000 year old philosophy, misguided, or is just plain lying.
reductionist perhaps? but I don't think there's anything "simple" about political philosophy.
but to answer your question - China has adopted the Singapore model of controlled capitalism (after ol' Dengs visit to the island state inspired him). old mate LKY then essentially mentored Deng to fool us westerners into believing they're a free market state when fundamentally they're socialist.
and besides, the accumulation of wealth isn't exclusively "capitalist". go check out how poor Stalin was. or mao.
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