Well, from what I've been told by y'all so far, it does sound like it would have to be heavily refashioned and enforced by an interested State to become a "monotheism" in the sense that Abrahamic religions are.
However what it sounds like you are describing is the common assumption in Chinese culture, which I know a little better via Taoism, that there is an unknowable Divine in everything. More a pantheism than a monotheism--the point is, it isn't God who stands aside from Creation, it's people who delude themselves into thinking they stand aside from the Myriad Things, which are all manifestations of the Way.
So trying to translate that into terms western monotheists would be more comfortable with would be a wrenching effort and unlikely unless imposed by some monotheistic conqueror, who would of course try to impose their version rather than re-engineer Chinese ways.
The closest I am aware of anything like this happening in China is two different occasions--one, where Jesuit missionaries did attempt to reformulate the Chinese Classics in a sense that seemed more consistent with their Catholic Christianity, with an eye to winning over the Emperor and hence, they hoped, converting all of China en masse, top down. And the Taiping movement, whose theology has never been entirely clear to me, sounds like an indigenous attempt in the other direction, reformulating Christianity into more Chinese terms--such a movement might seize power (the Taiping came amazingly close!) and impose its new Chinese-style monotheism--if they hadn't already incorporated the Classics in a reformulated fashion, surely that process would go forward once they'd taken power.