The two systems don't translate very easily, and I'm only particularly versed in the western elements.
As I understand it, however, the chinese elements are earth, metal, wood, fire and water. Is that Correct? It's been a while.
Anyway, those scholars & mystics who've attempted a direct corrolation tend to agree that the chinese significance of wood and metal are similar to the western earth and air, respectivly. While the western element of spirit is akin to the chinese conception of earth. Or something like that. I found it all a bit difficult when I was studying the chinese system to be perfectly honest.