China hopes to put its foot in the door in Hollywood, and it's already got a big project - the next Iron Man movie. Iron Man 3 will be produced by Disney and Chinese partner DMG Entertainment.
"We know Chinese audiences love Iron Man. So we are going to add Chinese elements and a Chinese story into Iron Man 3," said Stanley Cheung, Disney’s general manager for Greater China, at a news conference. Could Iron Man's foe Mandarin be making an appearance?
Currently, the communist country limits the amount of overseas features allowed in theaters, but is willing to increase it if more 3-D and IMAX films are produced and offered to China.
DMG Entertainment is also co-producing sci-fi flick Looper, which is due in theaters in September.