I am inclined to agree with you. It is those men, young or old with or without a degree who come to China because they are too poor to get a woman in their own countries, they are likely to not have a house or any money in the bank in their country of origin. They have been marginalized back home and being an English teacher in China gives them a false sense of status and importance.

Now Chinese women are also starting to see them as losers, there are even adds starting appear on Chinese dating sites stating "no English teachers". These is probably the sort of foreign teachers at the college in Qingdao. They are desperate to stay in China and will always praise the place because if they have to leave they will be homeless on their return to England or the USA, wherever.

If a foreign teacher has money and a house back home and can prove it then a Chinese woman might be interested in him. If he can just go out to the more expensive restaurants and bars and clubs in China and not have to worry about the bill.

If you are just living on 7000 rmb a month then Chinese women will just ignore you, even if you are well-educated and of good character. That is what they are like, sad to say! They would rather be with a rich man of poor character than poor man of good character.

The rich and good looking guys get the women every time!