In Chinese typesetting, is there a version of Lorem Ipsum?
There is no standard text, but there is sometimes the need for something equivalent (i.e. a body of text to see how typesetting looks).  Sometimes this is referred to as 乱数假文.  Your exact question has been asked and answered in Chinese here: http://www.zhihu.com/question/19708165 , if you want to read more.  You can also find a tool for generating such texts here: http://www.richyli.com/tool/loremipsum/