Just to direct you to another's blogger's thoughts on the subject here. I don't agree on several points here, the first being the choice of wilfully dumb picture (what are we to gather from that?) and also that adoption of Christmas trimmings = cultural collapse. As one commenter points out Christmas is another opportunity to boost the economy so its bound to be welcomed. It's also, I think, seen as welcoming and enjoying other cultures and a chance to join in what is seen as an international festival (note the only Chinese commentator's statement: "Just as the slogan of Beijing Olympic Games "one world, one dream". We need cooperate, and also we need to share"). I would also question the positioning of the Chinese Spring festival as such a wholesome affair - I hear plenty of people complaining about the stress, expense, boredom, bad TV and family rows it brings and of course, as a gifting season its the time to ingratiate and bribe.
Having said all that, the article does make the valid point that Christmas in China is adding to the debate about Chinese cultural identity today and its an interesting point about Christmas dictating the manufacturing seasons of China - though how different is that from many other manufacturing dominated country?