--FILE -- la gente visita lo stand della Groenlandia un gruppo durante una fiera immobiliare in Cina a Shanghai, 3 maggio 2014. La Shanghai-basata di proprietà dello stato segno di impresa
--FILE--People visit the stand of Greenland Group during a real estate fair in Shanghai, China, 3 May 2014. The Shanghai-based State-owned firm signed a deal on Monday (12 January 2015) to initially import around 15 million yuan ($2.42 million) of products a year, with Jeju Governor Won Hee-ryong. A statement from the company said that figure is expected to rise to 250 million yuan a year as other products from Jeju are added, such as cosmetics, health foods and fresh agricultural goods. To help promote the lines, Greenland said it plans to build 10 dedicated imported-goods shops this year, which could be expanded to more than 50 by 2018. The deal is part of Greenland's overall strategy to expand into international trade. It has signed a cooperation deal with a major State-owned firm in the China (Shanghai) Pilot Free Trade Zone to import and export products, and is in talks with Australian companies to acquire food, dairy and wine interests. The Greenland move is the latest by a major Chinese property firm to diversify their business as real estate prices continue to slide at home. Evergrande Group, the country's fifth-largest developer by sales value, has also been showing strong interest recently in consumer-related investment including grain, dairy products, cattle farming and bottled water. The agreement with Jeju also illustrates Greenland's growing appetite to expand overseas.
