China Plans LED Industry Subsidy Program for Firms and Consu

2020-10-19 16:31

In recent years, LED displays have become closer to people's daily lives. LED display has the advantages of high definition, large visibility, and strong flexibility. It is widely used in advertising media, school teaching, art exhibitions, home theaters, wedding events, and other occasions. For example, when advertising is played, the LED display screen can show dynamic advertising content to customers, and businesses can also change the playing content at any time according to their needs. If it encounters foggy weather, the LED display can also penetrate the dense fog, allowing more people to see it. Therefore, the use of LED display screens to play advertisements has gradually replaced traditional advertising boards.

China Plans LED Industry Subsidy Program for Firms and Consumers

27-08-2012


China's government has announced its 12th Five-Year Plan that includes targeting the LED lighting industry before 2015, according to an article in Digitimes. According to the article, China's government has set up two subsidy programs. One subsidize LED firms and products through projects. After the firms successfully obtain the bids, they will receive subsidies from the government. The LED products will then be sold to hospitals, schools, commercial buildings and villages. This program will also provide indirect procurement subsidies for LED lighting to these sectors. The government in China has allocated a budget of CNY36.3 billion (US$5.7 billion) to subsidize energy-saving home appliances including LED lighting and LED-backlit or LED-edgelit TVs. The details of subsidies for LED lighting have not been announced, but it is estimated that for each unit of LED TVs, consumers can obtain up to CNY400 (US$62.90) of subsidies.

It gives many LED manufacture like JYLED new chances to develop more energy-saving products in order to get the subsidy in the LED industry. As the pioneers of LED displays, JYLED will do its best to fulfill its sacred mission.

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In recent years, LED displays have become closer to people's daily lives. LED display has the advantages of high definition, large visibility, and strong flexibility. It is widely used in advertising media, school teaching, art exhibitions, home theaters, wedding events, and other occasions. For example, when advertising is played, the LED display screen can show dynamic advertising content to customers, and businesses can also change the playing content at any time according to their needs. If it encounters foggy weather, the LED display can also penetrate the dense fog, allowing more people to see it. Therefore, the use of LED display screens to play advertisements has gradually replaced traditional advertising boards.

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