2 languages simultaneously on user interface?

We are building a data community for both the Chinese and the English market and we hope the audiences with different languages blend in as one.

So we don't want to go with the traditional language switch for the entire user interface but instead use 2 languages on all interface elements.

For example the top menu would be something like:

  1. 首页 / Home
  2. 定价 / Pricing
  3. 文档 / Docs

Buttons would be like:

  1. 确定 / OK
  2. 取消 / Cancel
  3. 下一步 / Next step

Texts of both versions may be aligned horizontally or vertically depending on the space or design for the element.

Is this desirable in user experience? Did anyone try this approach before and did it work out? Potential problems?

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