It seems the agreement reached between the US and China has these terms:

* the US will significantly cut emissions by 2025

* China will continue increasing emissions until 2030

http://www.washingtonpost.com/business/economy/china-us-agre...

The Onion's satire piece is probably a lot closer to the truth:

http://www.theonion.com/articles/china-vows-to-begin-aggress...