There have been some attempts for word or multiword alignment -
http://www.corpus4u.org/forum_view.asp?view_id=853&forum_id=20
also
Piao, Scott Songlin (2002), 'Word alignment in English-Chinese parallel corpora'. Literary and Linguistic Computing 17(2), Oxford, UK, pp. 207-230.
The 863 parallel corpus also has a word-aligned version (Chinese-English, Chinese-Japanese).