Digital Domain said this today:
... The new Digital Domain - Galloping Horse Studio [in China] will provide visual effects, animation and production services for motion pictures, television and related media. The company expects that the facility in China will be comparable in scale to the company's nearly completed animation studio in Port St. Lucie, Florida, a facility that was funded by the city with an investment of approximately $50 million for land and building. ...
So you see? It isn't just going to India. It's also traveling to the Middle Kingdom.
Whether this will mean lots of domestic work will be going to the People's Republic, or that Digital Domain is catching the wave of expanding movie-making opportunities in China, will be known in the fullness of time.