A Chinese delegation met with a team from Isle of Man and came away with great results for the islands economy announced by the chief minister Allen Bell.
The MOU was signed by Allan Bell in Tianjin city, north China.
The new friendship aims to provide trade and tech links between both China and the island countries.
The chief minister Mr Bell added, "Supporting China's businesses seeking to do business in Britain and EU
requires strong commitment and cooperation for doing business in China".