A "friends with benefits" relationship. Usually a Chinese secret involves a relationship between two individuals that contrasts sharply. For example, a relationship between a African American male and a Caucasian female, or a medical student and a janitor, or two individuals with statistically significant age difference.
Yo, did you see Alonzo trying to holler at that girl? He wants her to be his Chinese secret!
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A common product or process, that is available to anyone, but is passed off by the person using it as if it were secret or uncommon.
The owner of the laundry told the customer that he knew an "Ancient Chinese Secret" for getting his customer's clothes so clean, but his wife knew that he used a common detergent that anyone could buy.
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Lo Wang from the game Shadow Warrior (the classic one) says that when he finds a secret.
*finds an secret door and finds a fortune cookie that gives 50+ hp and a funny fortune quote*
Lo Wang: Ancient Chinese Secret!
That infamous chatter-sound which is emitted from an array of plastic-based devices if shaken, such as McDonalds toys, dollar store walkie talkies, etc. When hearing this sound, one instantly recognizes it's Chinese origin. This sound is also a warning of the devices short-lived life coming to an end.
"Man I just bought this etchasketch and its already giving me the chinese secret rattle, im thinking of returning this chinese piece of crap."
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The thing that retarded chinese man blabbers about.
-In my lair captured-
You: OMFG!! WHAT DO I DO NOW?!!!!!!11111
Me: MWAHAHAHAHA!!! YOU ARE NOW TRAPPED WITH CHINESE DUCT TAPE!!!! *thunder storm* BWAHAHAHAHA!!!
You: Hmm...there must be some way to get out of here... *uses a............thing* YESSSSSSSSSSS
-3 hours later-
Me: WTF HOW DID THEY GET OUT?!
*chinese man pops out from nowhere*
Chinese man: Ancient chinese secret.. *brings scissors*
Me: Fuck.
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