I suggest you examine the brake fluid level in the master cylinder. When you apply the brakes they become hot, and transfer heat to the brake fluid, which expands. If the brake fluid level in the master cylinder is too high, the brakes will drag.
If your bike has the standard, Chinese brake caliper, the squeeking is caused by uneven wear on the round brake pads. You can stop the squeeking by using a hacksaw, or a Dremel tool to remove the raised portion on the rear of the brakes pads.
Spud
__________________
Spud
"Never argue with an idiot. He will drag you down to his level, and beat you with experience."
Mark Twain
2015 Zongshen ZS250GY-3 (RX3)
2006 Zongshen ZS200GY-2 (Sierra 200)
2005 Honda XR650L
2004 Honda CRF250X
1998 Kawasaki KDX220
Mods made to my Zongshen ZS200GY-2:
http://www.chinariders.net/showthread.php?t=6894