Yes, the new Norinco is stamped .308"
Yes, the new Norinco is chambered in 7.62 mm
Yes, the new Norinco will fire the .308"
Yes, the new Norinco will fire the 7.62 mm
I changed out the barrel and bolt on mine and it is closer to .308" than 7.62 mm but you know what? It fires the 7.62 mm just fine. Lock up is perfect every time, even on the first round out of the magazine.
If you fire the .308" in your bone stock M305 and reload the cases, you should be aware that full length resizing will put the length from shoulder to base back to .308" and when you fire that round again, it will stretch to 7.62 mm. You can only do that so many times before the case fails. If you reload, always inspect the cases for incipient case separation.
One last thing, I doubt that you will find a stock M305 that will produce a crush fit in the chamber so you do not need to worry about excessive pressure. A lot of people have found that the headspace is not much above the .308" SAAMI specs. on the new M305 rifles and will shoot the .308" without a problem.
These opinions of mine are from reading the posts since I got here and through my own personal experience. Your mileage may vary but not by much. If you do experience a problem, it is more of a fluke than what is the norm.
Ripstop