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Vicious Competition And Reduced Export Orders Lift closures

Regarded as the emerging green energy industry by China, the LED lighting industry from the Pearl River Delta, Yangtze River enteres into winter in advance because of vicious competition in the market and reduced export orders,in this year,only in terms of shenzhen,more than 80 companies shut the shop. Local media alleged that mainland China LED industry will further deteriorate next year.LED is regarded as promising new industries by the two sides, China also introduced policies to actively support, however, the current global economic is in a state of turmoil,green energy industry could not escape such fate.Guangzhou Yangcheng Evening News reported that the once touted LED industry, is now no longer bright halo, Shenzhen, Dongguan, Zhongshan, Foshan and other Pearl River Delta LED manufacturing center, have news about recent closure of the factory.For this cold wave of LED industry, Honorary President of Shenzhen Semiconductor Lighting Industry Association,Dianfu Wang said, according to his survey, more than 80 LED enterprises this year in Shenzhen are bankruptcy or liquidation; the same situation also occurred in Dongguan, Zhongshan. Industry alleged that about 1 percent of Zhongshan LED business failures this year.More boldly predicted that the mainland authorities the industry,greater turmoil in LED industry is likely to be broken out next year, there will be more business failures; the president of Foshan Lighting Association,Yulin Wu said, especially ones from traditional lighting into the LED industry only in recent years.Mainland China LED industry said that this year because of the poor economic situation in Europe and America,  thus overseas orders of LED are reduced; on the other hand, too much input of LED lead to vicious competition in the market, further reducing profits.

    
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