For the first part of your trip I might favor the GL500 unless it's a crapper. Certainly the better road bike: faster, smoother, more comfort and much better for carrying your gear. Should make EU to China no problem. Probably a no go getting your bike into China.
As you know, the GL/CX motor is legendary. If the rest of the bike is up to snuff .. then hard to kill. Make sure of the electrics, Carbs, bearings before departure. Redo suspension. Check for rust/corrosion in key areas. A bike that old may just snap in half if rotten.
Once to China or India, sell off the Honda (worth a lot in certain places!), fly to Bangkok and buy a nice 250 trail bike (used and cheap). It's mostly 125's in Thailand but bigger bikes are around for MORE MONEY. I would sell it off in Asia, not import to Oz, way too much trouble. Buy another bike once in Oz.
Run What 'Cha Brung!
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