Chinese electronics maker Changhong today launched construction of its new plant to produce television sets in Nymburk, Central Bohemia.

The figures sounded impressive, but market analysts said Acer suffered slowing demand, heavier competition and a drop in gains from asset sales.

Beijing's 2008 Olympic Games are the driving force speeding up the introduction of digital terrestrial television in Hong Kong, the government said.

The EU is likely to renew its anti-dumping tariff on seven major Chinese colour TV makers, because one company breached a 2002 agreement made with the EU on export pricing and quantity.

The joint venture is intended to leverage the design and manufacturing capabilities of Global-Tech and Anwell to pursue potential opportunities in the OLED market.