Acceptance? Oh yes of course. China have been recieving much Engineering and technical assitance from Germany lately. Many of China's High Tech buses and civilian jet engine plants are manufactured by German-runned plants. As a visitor of China during the summer of 2003, the people are very fascinated with foreigners especially Europeans.
Over the past few years since the turn of the century, China have been adapting at a tremendous rate. I can assure you that the skyscrapers of Shanghai derived from Japanese, European, American architects.
And you wonder why the PRC Government welcome foreign investments that lead to its economic boom. So the person posted above me is actually correct at some point. The Chinese are willing to learn from others greatly depending on the situation.
Constrastly, adaptation can be negative if taken in too much. The Chinese culture is becoming supressed and I have seen this several times during my visits. I was pretty much dissapointed during my visits in China. My expectations was to experience diversity and the different culture, but instead what I usually see is MTV, McDonalds, KFC, Ikea, Wal-Mart, etc.
As an Foreign Observer, I spotted something particularly odd. Many of China's youth are turning away from the Chinese Culture and are willing to adapt to the western lifestyle. As One Chinese Child told me, he prefer McDonalds instead.
Note: Japanese Pop Culture is not considered to be Western.