I think the lifan is an attempt at a CBR125 clone, but look at the wiring under the light and the chain hanging down near the exhaust you can see it looks a bit shoddy. It is a 200, because that is the only way they can get similar performance figures to the CBR with a Chinese engine.

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CBR125 stats
Engine type: Single cylinder
Stroke: 4
Power: 13.41 HP (9.8 kW)) @ 10000 RPM
Torque: 10.60 Nm (1.1 kgf-m or 7.8 ft.lbs) @ 8250 RPM
Bore x stroke: 58.0 x 47.2 mm (2.3 x 1.9 inches)
Fuel system: Injection
Ignition: Fully transistorised with electronic advance
Starter: Electric
Cooling system: Liquid
Gearbox: 6-speed Transmission type
Dry weight: 127.3 kg (280.6 pounds)
Front suspension: 31mm telescopic fork, 109mm axle travel
Rear suspension: Monoshock damper, 120 mm axle travel
Front brakes: Single disc
Front brakes diameter: 276 mm (10.9 inches)
Rear brakes: Single disc
Rear brakes diameter: 220 mm (8.7 inches)
Speed and acceleration
Power/weight ratio: 0.1053 HP/kg
Other specifications
Fuel capacity: 10.00 litres (2.64 gallons)

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Some of the stats are surely wrong top speed for the Lifan 90kmh? It's gotta be quicker than that for a 200cc bike!

The CBR125 can do 120kmh!
The CBF125 probably 110-115kmh!

Also the picture forcetto posted is of the Indian made Hero Honda CBF125, the international model might end up looking a little different.

As one of my Chinese friends says "Chinese bikes always made looking good on outside, no good on inside". Of course the Lifan will be cheaper, but what about the differences in resale and how the bike will be after 5 years abuse?