With surprising consistency, i get 4,000 kilometers (2,500 miles) out of a top end on a Chinese 2-stroke centre mount motorized bicycle engine; using 25:1 oil/fuel ratio.
My last bottom end went for 10,000 kilometers (6,200 miles), so there's plently of life available from these cheap 2-strokes, so long as a Jaguar CDI is installed and a good billet cylinder head is fitted; with significantly improved cooling surface area, such as the CR Machine Manufacturing billet cylinder head.
The standard carburettor is perfectly ok, but the best option is to install an intake system comprising of a reed valve intake and Walbro style (diaphragm) carburettor; ideally a pumped unit, if you care to have a little extra plumbing on the bike.