There are many kinds of seats you can put on your Chinese roadster, but if you want to stay traditional, you'll stick with one of only a few variants.
First there is the "Mattress" seat. This is a vinyl seat with felt and both longitudinal and vertical springs underneath for cushioning. It's good enough, but it's not terribly comfortable. It is what came as standard on my bike.
Then there is the so-called "Red" leather seat. This is very much like a traditional tensioned leather seat made by Brooks, Persons, etc. However, I am not entirely sure it IS leather. It looks leatherish, and it smells a bit leatherish at first but the top side is covered with a thick glaze almost a plastic so there is no oiling this seat. And if you take a knife to the underside it doesn't really look like leather either.
This is what I currently have on my bike. Mine is "OK" brand but all the major makes have one something like this. It is a bit more comfortable than the Mattress.
Then there is the "Premium Fox Brown" leather seat. While you can clearly tell this one is leather, it too is covered with a thick glaze. Waterproofing it I suppose, but again, making it impossible to oil.
Finally, there is the "Black Plastic" seat. It may not actually be plastic...it may just have the same plastic coating that the previous two seats have, but who can tell? I saw this once in a showroom, and it looked a helluva lot like plastic!
You really don't see these very often, but you can see it here on this old Flying Pigeon. This one will last forever. I'm not sure your crotch will fare so well, but I think it is probably intended for work bikes, and therefore needs to withstand all manner of grease, oil, dirts etc.
So how do these seats age? Well, if you treat them well I suppose they age quite well. Here is an example of an aged "Shanghai" brand seat. You can almost make out the remains of the plastic coating similar to that on the Red or Fox Brown seats. Overall, it looks pretty good!