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This site tracks live where in the world people are buying Bitcoins from.

Most of the volumes do come from China.

You have to be careful. Most people believe the volume numbers reported by Chinese exchanges are heavily inflated.

Edit: I was incorrect. See below, it seems this doesn't apply for this website as they aren't using volume data from exchanges.

I would expect the data to be from the blockchain and GeoIP of node from which the transaction originated? Of course still not 100% reliable, as theoretically people could use any node, but still interesting.

Oh, hmm, that makes sense. It's looking at IPs of actual transactions, not off-chain trading volumes. Thanks for clarifying, I'll update my comment.

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