We have yet another version of this song, it goes like this:

once in china there lived a funny man
his name was chicarakka chin chan man
his hair was long and his feet were short
and this little man couldn't walk or talk

oh, chicarakka chicarakka laura laura bom diddy eyedi
widdy widdy whack. Oko loco hit him on the boco diddy
by diddy by Chinese talk

they marched him up to the top of the hill
then rolled him down like a beechams pill

oh, chicarakka chicarakka laura laura bom diddy eyedi
widdy widdy whack. Oko loco hit him on the boco diddy
by diddy by Chinese talk

there are more verses but sadly I can't remember them :-(