LED Industry of China is Brightening Up
Posted: 05/10/2015 03:05:22   Edited: 03/29/2016 02:03:52  Clicks: 1335
China's LED industry brightens up

China's growing demand for greener illumination gave the country's LED makers an easy time with good profits now and the future.

Some LED makers published their semiannual financial results and reported tbe improved performance. The net profits of the companies grew by more than 50 percent.They attributed their success to demand for LED chips, a device to control LED lights and screens.

As we know LEDs are usually lights that are more energy-efficient than incandescent bulbs. China is the world's largest LED producer with a large number of companies, mostly small firms, in the business, the high price of LED bulbs means that they are not all that popular in China, especially in the countryside.

But the announcement of phasing out incandescent illumination to raise energy efficiency:imports and sales of 60-watt and above incandescent bulbs is helping China's LED industry.In addition, China is subsidizing LED lights and encouraging schools, shopping malls and hotels to install them.We believe that China's LED industry is brightening up 

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