Motor oils are always a hot topic of debate whether it be what 2 stroke oil for a weed trimmer, or what's the best for your car or motorcycle.
I am using Shell Rotella-T 15W40 in my Lifan 110. Not a "motorcycle" oil, but it was 10 bucks for a gallon. My cycling friends tell me not to waste my money on motorcycle specific oils for a street driven non-high performance engine because I wouldn't be taking advantage of what the better oils have to offer. I've talked to a few people who use regular automobile 10W40 or 20W50 in their cycles without any issues. Seems that a major concern is slipping of the wet clutch from the friction modifiers in auto oils, and one user said that this is a non issue because those friction modifiers are not in the 10W40 and 20W50 formulations. (they are not designated "energy conserving" by the API) So are MC specific oils bunk? IMO, probably not - and the truth lies somewhere in the middle. (as usual)
If I owned a Hayabusa, I'd drop the 10 bucks a quart for the best MC oil for sure! But for my $900 Lifan Trail Cub, even Rotella-T might be overkill! I'm sure that whatever 10W40 is on sale at WalMart would be fine, but considering the engine takes less than a quart, I'll be a big shot.
Motorcycles also tend to get oil changes at more frequent intervals than cars, which are generally treated like appliances. So any advantage that a MC specific oil may have in maintaining its viscosity index over time is literally flushed away because of the over enthusiastic maintenance applied to most motorcycles.
I doubt that motorcycles are treated very well in countries that use them as their main source of transportation. These countries are usually poor, and the Chinese copies of old Honda designs are affordable transportation. (especially the Super Cub) My guess is that a lot of these Lifan's and Jialings are fed a diet of crummy gas and non detergent 30W oil (basically waste from gasoline refining) and do just fine.