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There are a number of Chinese sites out there that might be worth sending your traffic to. However, getting a good deal on CPM is going to be highly unlikely.
The Chinese mentality is not the same as other Asian countries regarding "paying for porn". Basically, like pretty much everyone else, they want everything free, but are also not keen to purchase online via their creditcard. The fact that there is so much free uncensored porn in the west means that more and more chinese visitors are going to come and get it. The Japanese will still come and look at the content, but are far more likely to purchase something they like online.
I would suggest talking to some of the "Western" Chinese sites regarding their Partner Program. Their content is fresh and desirable to the Chinese Market. Whether they want the Chinese Traffic is another thing altogether though !!!
Regarding other Asian countries. We do really well with Korean and Japanese traffic. Being a Japanese site, our site has been designed with this market in mind. We have an open members area where you can see our Movie content and offer a few free samples to tease them in. All of our content is uncensored and this is also highly desirable to the Asian visitor.
Send me an email if you need any more information regarding the Asian Market.
jah
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