What's the benefit of Gondwana doing due diligence with Hong...

What's the benefit of Gondwana doing due diligence with Hong Kong potential JV partners on tenements in China and Mongolia?
I did the following post on the commodity thread about my thoughts on the impact that Chinese growth on Australia but very few people are reading the commodities thread so I thought there might be a few Gondwana shareholders that might appreciate the post as we ( Gondwana shareholders) might be getting a closer relationship with the Chinese.....
the post....( corrected a couple of typo's)

"china commodity and urban demand
Forum: Commodities (Go Back)
12/04/08 05:09 (View) Back Post Reply
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fatstocks HotCopper Top 30 Favourite Poster - click for more details
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Yahoo finance published this overnight....

"AP
China Foreign Reserves Hit $1.68T
Friday April 11, 12:19 pm ET
China Says Foreign Reserves Hit $1.68 Trillion by End March, Up 40 Percent

SHANGHAI, China (AP) -- China's central bank says the country's foreign reserves topped $1.68 trillion by the end of March, up 40 percent from a year earlier.

China added $153.9 billion to its foreign reserves in the first three months of the year, according to figures released by the People's Bank of China.

Robust trade surpluses have fuelled the surge in Beijing's foreign reserves, although the rate of increase slowed from $60 billion in January to $57 billion in February and $35 billion in March, it says."

It is food for thought about how dominant china is positioned in relation to capacity to acquire international commodities to feed their insatiable thirst which will grow like this planet has never before experienced historically.
The sheer numbers are hard to get a handle on. I attended several conferences about urban growth last year and I was left thinking how Australia is ideally positioned to meet new supply lines in volumes our economy will benefit by long term. Commodities like coal and iron ore are the obvious one's but the way the Chinese government is allowing their urban growth to locate on good agricultural lands means this land is being lost to their people, their food supply is being reduced, farmers are moving from rural lands to massive new urban centres dominated by concrete, cars and buildings. China is heading towards a western style of living that is resource hungry, unsustainable and highly polluting.
The upside for Australia is that this massive cash reserves china is building will allow them to buy supply lines for the commodities they need which will inject billions of dollars into the Australian economy and Australian companies.
China will be buying everything from Australian exploration companies, agricultural land and anything else our government policies allow under the foreign investment rules.
Many commentators talk about a 10 year boom for Australian commodities due to the china demand but it is bigger than this. Much, much bigger.
The sheer volumes the Chinese will have to buy to feed their manufacturing and food supplies will reach never before seen levels of demand which will exhaust the world's capacity to produce it.
There will come a day where the world will be confronted with a "what do we do now?" scenario.
It's just not sustainable. Peak oil and limited (finite) resources ( both minerals and agricultural) will reach a point where alternative solutions will need to be found.
Food for thought?
Cheers Fatstocks.

24/05/08 10:01 (View) Back Post Reply
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fatstocks HotCopper Top 30 Favourite Poster - click for more details
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world demand for commodities is continuing to be dominated by China. Current estimates are that China accounts for about 35% of world demand for commodities and the US about 13%, some amazing changes taking place that will continue to see Chinese demand benefit Australian resource stocks in the short and long term.
Insatiable is a word that's increasingly used in any commentary about commodity demand.
Some of the reports I am reading and presentations from conferences I attend are just mind boggling and leave the audience stunned as to the sheer scale and numbers mentioned.
Plenty of reporters talking about 10 year cycle but why 10? What happens at the end of the 10 years? Do they think China will stop growing? Stop eating ? Stop buying cars and building things?
Not likely.
This resource boom is only just starting and it will go for longer than 10 years."