Yes, it can work, Only IF Chinese characters are recognized by your BIOS hardware, and if there are, this will mean changing your BIOS every time you want to boot into a different language (which will be a hassle!), plus, dual booting can bring compatibility issues, especially file system compatibility issues.
I would suggest you implement the Chinese version in a virtual environment like Microsoft Virtual PC 2007. Why?
Benefit 1: It can emulate Chinese characters!
Benefit 2: You can run the Chinese version concurrently with your English version (with no dual boots, and with no compatibility issues)
Virtualization is a true blessing to IT!
Mervyn Aram King