No, what's done with is using the five Chinese elements for the sole purpose of not using the occidental four elements.
What game has used the Chinese elements? I can't say I've ever seen Wu Xing in game form (Water, Wood, Fire, Earth and Metal) and often wondered how it could be used as opposed to the classic elements (fire, earth, water, air) or what typically shows up in games - fire, earth, water, air, light/life, dark/anti-life. Which I guess if you added time/universe to it would be closest to the seven chakras...
Prince of Qin