Greece and China will sign a trade memorandum on Monday during a visit by senior Chinese officials and conclude orders worth around 550 million euros ($766 million), the development ministry said.

The head of China's national consultative assembly, Jia Qinglin, is on a five-day business trip to Greece, accompanied by deputy trade minister Zhong Shan and a large business delegation.

Four trade deals were to be signed on Monday between Greek and Chinese companies, mainly involving exports to China worth around $764 million.

The development ministry said the delegations will discuss investment prospects in various Greek sectors including telecommunications, bank services, the automobile industry, railroad equipment, real estate, brewery, electronics, clothing and glassware.

Shan will sign a bilateral memorandum of economic cooperation with Greek Development Minister Michalis Chryssohoidis.

"Investment from China are increasingly turning towards our country," Chryssohoidis said after talks with Qinglin at the main port of Piraeus.

"There are major prospects in Greek-Chinese cooperation," he said.

"This investment in Piraeus is strategic, both for the Chinese and for ourselves," the minister said.

He noted that exports to China have increased by over 50 percent in 2011, though they still constitute just one percent of Greece's foreign trade.

The Piraeus port authority (OLP) has a concession agreement with Chinese global shipping giant Cosco which runs two of the port's container terminals.

The government has announced plans to sell a major part of its 75-percent stake in the company.

Greece is under pressure to raise as much money as it can from its assets to secure continued support for its troubled economy from the European Union, the International Monetary Fund and the European Central Bank.