As for the smell of burning, other members with new bikes have reported the same smell. eg check this reply from another member,
http://zongshenforum.com/forum/index.php?topic=44.msg642;topicseen#msg642In regard to the "bogging", how high engine revs are you doing? The user manual suggests keeping revs low during first 300miles or so. I wouldn't thrash just yet with the miles you've done. Keep the revs below 5 thousand and top speed below 50mph. The engine is still tight during the first 300mile and will be running hot. The manual tells you how to run the bike in so its best to follow the design engineers run-in procedure.
You might check the carby air cleaner is not too oiled up. Mine was. The carby could be cause of backfire, so probably best to take it back to dealer to fix. Some of the dealer's aren't preparing the bikes to a very good standard. While you're at it get the chain tension checked as well in case it's too tight or slack. It won't be the cause of your problems but get it checked any way.
It sounds like the oil level is a bit too high but if it disappears off the sight glass when on the stand then its not too much over. But it should be between the Low and High marks. You could check the plug type and gap are correct as they can cause missfiring. Take the plug out when the engines cool and check gap as per manual. If you haven't noticed, the manual is hidden under the seat.
At this stage and while the bike is under warranty you will be best to avoid modifying the bike in any way, so I wouldn't be touching the anti pollution stuff. There are probably tens of thousands of these bikes all over the world and only a handful of riders have modded them. My advice is don't touch anything unless you know what you're doing and are prepared to risk voiding your warranty.