FACTBOX - Agreements at China-U.S. strategic economic talks

WASHINGTON (Reuters) - The United States and China wrapped up two days of talks on Wednesday under a so-called "strategic economic dialogue" set up two years ago to ease tensions over trade and economic issues.

They reported the following results.

INVESTMENT TREATY NEGOTIATIONS:

* The two countries will begin to negotiate a bilateral investment treaty that promises to open and provide for transparent investment flows into each country.

* The United States said it will press for free capital transfers and full legal protections for investors.

* Several rounds of negotiations will take place before the next SED meeting, but timeline depends on "quality" of the agreement.

ENERGY, ENVIRONMENT COOPERATION:

* The countries signed a 10-year "framework" agreement that builds on a pact announced in December by identifying five goals -- clean and efficient electric power, clean water, clean air, clean and efficient transportation, and conservation of forests and wetlands.

* The framework agreement includes cooperation on alternative fuels, including next-generation cellulosic biofuels and alternative power generation sources, as well as clean coal technology.