BEIJING - World-class talent in the field of film special effects will be fostered in China, under an agreement signed by two film companies from China and the United States on Sunday.

Crucial parts of Hollywood blockbusters are expected to be produced in Beijing in the future, according to the agreement reached by Chinese entertainment enterprise Galloping Horse and globally leading special effects maker Digital Domain.

Ed Ulbrich, chief executive officer of Digital Domain, said that in five years, his company plans to have set up a digital effects training center and a special effects production base in China, adding that both sides will cooperate to offer high-quality service in entertainment.

"The launch of the cooperation in Beijing marks an important turning point in the global film industry," according to Zhong Lifang, vice-president of Galloping Horse.

Zhang Yibai, of Galloping Horse, added that the agreement is of great importance to China's film industry, as the cooperation will up the level of China's film production and cultivate domestic experts.

Digital Domain was created by Titanic and Avatar director James Cameron, and purchased by Michael Bay, director of Transformers.

The company develops cutting-edge visual effects and has participated in the production of 15 of the 20 best-selling films worldwide, including the Transformers, Harry Potter and Pirates of the Caribbean franchises.