Yes it's for real the Chinese owners know full well people will pay for a rehashed Rover 200, 10 years out of place.
though :
"MG ZT is better positioned as it was a much newer design and still has a fair degree of development potential. Even so the loss of three years is precious time out of the sales life of the car in it’s former markets and therefore any facelifted version will need to include much more than just a new fascia, trim, instruments and widescreen TV. It would need some more fundamental improvements starting with a more powerful and possibly larger capacity diesel model, one that doesn’t use any more fuel but goes faster, further and cleaner. The same need for change applies to the petrol models, although here it would be better to concentrate on more efficiency from an uprated V6 to achieve the performance levels of the ZT 260 V8s. These improvements would need to apply to the top of the tree mainstream FWD models, rather than a rare one off special, and would probably be achieved using forced induction to improve performance using less fuel and giving lower emissions. However it must be acknowledged that the 260’s rear wheel drive platform was extremely competent and still has a lot of development potential. Even with these sort of changes to raise the stakes compared to previous MG ZT models that three year gap will still hurt the period where such a revamped model can be sold in adequate numbers. "