China Plans LED Industry Indoor Led Display Subsidy Program

2020-10-27 17:55

China Plans LED Industry Subsidy Program for Firms and Consumers


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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