With growing interest in Chinese Language Processing, numerous NLP tools (e.g., word segmenters, part-of-speech taggers, and parsers) for Chinese have been developed all over the world. However, since no large-scale bracketed corpora are available to the public, these tools are trained on corpora with different segmentation criteria, part-of-speech tagsets and bracketing guidelines, and therefore, comparisons are difficult. As a first step towards addressing this issue, we have been preparing a large bracketed corpus since late 1998. The first two installments of the corpus, 250 thousand words of data, fully segmented, POS-tagged and syntactically bracketed, have been released to the public via LDC (www.ldc.upenn.edu). In this paper, we discuss several Chinese linguistic issues and their implications for our treebanking efforts and how we address these issues when developing our annotation guidelines. We also describe our engineering strategies to improve speed while ensuring annotation quality.