This study provides a complete account of global warming potential (GWP) and greenhouse gas intensity (GHGI) in relation to a long-term water management experiment in Chinese double-rice cropping systems. The three strategies of water management comprised continuous (year-round) flooding (CF), flooding during the rice season but with drainage during the midseason and harvest time (F-D-F), and irrigation only for flooding during transplanting and the tillering stage (F-RF). The CH4 and N2O fluxes were measured with the static chamber method. Soil organic carbon (SOC) sequestration rates were estimated based on the changes in the carbon stocks during 1998-2014. Longer periods of soil flooding led to increased CH4 emissions, reduced N2O emissions, and enhanced SOC sequestration. The net GWPs were 22,497, 8,895, and 1,646 kg CO2-equivalent ha-1 yr-1 for the CF, F-D-F, and F-RF, respectively. The annual rice grain yields were comparable between the F-D-F and CF, but were reduced significantly (by 13%) in the F-RF. The GHGIs were 2.07, 0.87, and 0.18 kg CO2-equivalent kg-1 grain yr-1 for the CF, F-D-F, and F-RF, respectively. These results suggest that F-D-F could be used to maintain the grain yields and simultaneously mitigate the climatic impact of double rice-cropping systems.