China, US sign 10-year energy, environment framework

Here is some info on the United States and China signing an environmental and economic framework, which has 5 goals:

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1) Clean, efficient and secure electricity production and transmission

2) Clean water

3) Clean air

4) Clean and efficient transportation

5) Conservation of forest and wetland ecosystems

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Here is some of the story from the China Daily(19th June 2008)
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China and the United States signed a 10-year energy and environment cooperation framework here Wednesday after the two nations concluded their fourth round of Strategic Economic Dialogue, or SED.
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Speaking to reporters before the signing ceremony at the US Treasury Department, visiting Chinese Vice Premier Wang Qishan said the deal was "a major achievement of the meeting," which will influence future bilateral economic cooperation and contribute to the sustainable development of the world.
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The framework also highlights the great importance and strategic influence of the SED mechanism, he added.
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US Secretary of Treasury Henry Paulson said through the framework, "we will address some of the most important and difficult challenges facing our nations and the world today -- energy security, environmental sustainability and climate change."
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He said interests of China and the United States in this area are "very aligned."
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Source

Also check out:

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China and climate change
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China's Policies and Actions for Addressing Climate Change
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China's efforts on climate change

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India - climate change