The price on btcchina.com is currently 828rmb which Google believes is equivalent to $135.
Since they have the largest volume in the last 24 hours it seems reasonable to conclude that that is the correct current price.
The other 12 exchanges in china also broadly agree on this price - the total 24 hour total volume in rmb is more than usd
http://btckan.com/priceAll the important activity is currently happening in China - ignore it at your peril.
The volume comparison with btcchina is not exactly apples to apples. Btcchina is apparently charging 0% trade fees currently, so we'd expect that to inflate their trade volume at least to some degree (of course, there's still the spread). Perhaps more important to note is that trade volume on btcchina has continued to increase and it's now a big player in the market.
Also interesting to note is the "wall":