While lorem ipsum's still resembles classical Latin, it actually has no meaning whatsoever. As Cicero's text doesn't contain the letters K, W, or Z, alien to latin, these, and others are often inserted randomly to mimic the typographic appearence of European languages, as are digraphs not to be found in the original.
Chinese Lorem Ipsum includes the most common kanji chars and punctuation. Suggestions for improvements or alternatives are welcome.