Tony Blair speaking in Hong Kong this week. (Andrew Ross/AFP/Getty Images)

Tony Blair has been panned by the Chinese media after he was allegedly paid $500,000 (£237,000) for a speech that revealed "nothing new".

The British former prime minister made a three-hour trip to a luxury housing estate in China's southern province of Guangdong, during which he delivered a speech that left newspaper commentators far fom impressed.

The China Youth daily, which is affiliated to the Communist party's youth league, said Mr Blair was forthcoming with pleasantries and clichés without offering any insight.

"Like reports made by some local officials, there was nothing new in his views ... so was the speech worth the large sums of money paid out by local officials and businesses?" it questioned.

The paper said China was quickly becoming a "gold-digging" market for international celebrities, and said it was time to be more discerning.

"We should exercise less ostentatiousness and vanity ... [and] learn more new and genuine knowledge - especially when we are using even a penny of taxpayers' money," it said.

A 2005 survey found the average salary of a production worker in China was £1,214.

The criticism came after Mr Blair reportedly earned £300,000 in his first week of a North American speaking tour last month, during which he apparently recycled the same jokes on a number of occasions.

The sponsor of Mr Blair's China trip, the Guangda real estate group, offered him a house worth 38m yuan (£2.4m), according to the Guangzhou Daily.

The newspaper did not say whether he accepted the property, but described Mr Blair's visit to Dongguan as another of his "money-raking" trips that had also taken him to Beijing and Hong Kong.