Speaking to Sky Italia at the Globe Soccer Awards in Dubai, Jorge Mendes said the deal would have been worth €100 million a year for the Portugal striker.
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"From China, they've offered €300 million to Real Madrid and more than €100 million per year to the player," Mendes was quoted as saying. "But money is not everything, and Real Madrid is his life. Cristiano is happy at Real Madrid and it is impossible to go to China.
"The Chinese market is a new market. They can buy a lot of players but then again it is impossible to go for Ronaldo."
News of the offer made to European champions Real came on the same day Argentine striker Carlos Tevez joined the Chinese Super League side Shanghai Shenhua from Boca Juniors.
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No financial details were disclosed but media reports said Shenhua had paid €84 million for former Manchester City and Manchester United forward Tevez.
Last week Brazil midfielder Oscar joined local rivals Shanghai SIPG from Chelsea for a fee that media reports put at €60 million.
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