James Cameron inks Chinese JV pact

James Cameron’s Cameron Pace Group has set up a joint venture in the northern Chinese city of Tianjin to develop 3D film equipment and provide training for making movies, the official Xinhua News Agency reported.

Financial details were not revealed, and it’s understood that the j.v. will not be involved immediately in producing films.

It’s the latest high-profile link-up between Hollywood and China.

On Tuesday, DreamWorks Animation said the next episode in the “Kung Fu Panda” franchise would be co-produced in China with local partners.