There is so much excess liquidity in China that an 18-year-old Romanian model has agreed to sell her virginity to a "very friendly" - and generous - Hong Kong businessman for the "life-changing" sum of $2.45 million (€ 2.3 million).

In late 2016, Romanian Alexandra Kefren ignited a firestorm of outrage after it was reported that she had put her first sexual experience up for auction for a minimum of $1 million on Cinderella Escorts, a Germany-based agency which specializes in teens looking to sell their virginity online. According to the Shanghaiist, Kefren says she got the idea from watching Indecent Proposal when she was 15 years old.

After the news made headlines around the world, Kefren's parents nearly disowned her. She later went on a British daytime television show to explain her decision. The teen said that she was selling her virginity so that she could pay for a good life for her parents, as well as a home and education for herself.