Thursday, February 23, 2012

China spend 8 billion financial subsidies to the LED lighting industry


In the "12th Five-Year" period, China will arrange 80 billion yuan of central extra budgetary funds to purchase 4 million China LED lighting products, which will bring not less than 30 billion local matching funds.

Due to high prices, the desire for a huge demand for LED lighting industry, the policy of subsidies. Procurement plans at the national level, will greatly boost industry confidence is expected to accelerate the recovery of the LED industry.

Statistics, the stock of Chinese street lights at 28 million -3000, 10000. In recent years, the annual number of new street lights from 15% to 20%, about 3 million -600, 10000.

LED street and tunnel light installation is about more than 500,000 lights in 2010, 2011 installed capacity of less than 1 million annual increase in more than 50%. Expected that the 2012
China LED gadgets will last a higher growth rate of installed capacity up to more than 1.5 million.

The assumption that the annual new street lights are all LED lamps, the price of 1000-2000RMB calculation, the annual increment in the three billion -60 billion RMB.

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