photo: Capt Kodak/ BY-NC-SA

Lonely bachelors from Shanghai to Beijing with big bank accounts need be lonely no more. If you want to become a member of the premiere dating site in China, Golden Bachelor, all you need is $44,000 and meet the qualifications.

This is not your typical dating site.Potential members are screen to come from wealthy families but that they're talented and beautiful. In other words a prize catch. Even with these restrictions, the site currently has 5 million members. Golden Bachelor also offers their clients access to psychologists and special matchmaking consultants to help their rich clients find love.

The dating site offered a matchmaking party—a more expensive speed dating event—which charged members $14,600 to get in. The party hosted 21 single women and 22 single men. The matchmaking party pulled in over $600,000 for Golden Bachelor on that one night. The only difference between this lavish party and speed dating is that women danced in wedding gowns, sing, and cook for the rich guy they like. Notice that one guy paid almost 15 grand and had a zero percent chance to get a girl.

While people in America are losing jobs people in China are paying big bucks for mates. But Xu Tianli, creator of the dating site, says this is how finding love in China could look. CNN's Lara Farrar points out that dating has become more competitive in China.

“In a society where 24 million Chinese men will find themselves lacking wives by 2020 because of the country's gender imbalance, according to a recent study by the Chinese Academy of Social Sciences, it could get highly competitive.”

(via CNN) 

China is definitely seeing lots revenue in dating sites. In 2008 their online dating market was worth $43.9 million and is expected to double in value by the end of this year.