Prime Minister Li indicated，China LED Industry Need Innovation！

On the morning of 16th (Wednesday) Mar, with the concluding of the 4th conference of the 12th NPC, the Prime Minister Li Keqiang met related both Chinese and foreign reporters on the 3rd floor of the Great Hall of the People and answered their questions.
While answering to financial reporters, the Prime Minister Li Keqiang maintained the topic of Public Innovation and Public Business. He underlined that innovation will bring positive significance for the transition of Chinese economy, and the innovation of the whole race will bring positive significance for the prosperity of China. He also indicated that: if we can motivate the creativity and activity of every single one, with the strong brief, there will be a powerful strength for us to counter the down-pressure of the economy, to accelerate the transition of the economy. The prosperity of a country should always be based on the participating for every citizen.

Looking inside from the country policy to the LED industry, we will find the importance of innovation much clear. While throughout the current LED display end-use market of China, it is not difficult to find that what consumers asking for, nowadays, are no longer LED displays with basic function--showing information, which is the most simple and primary level of the application. With the continuous development and improvement of LED display technology and the expanding of its application areas, a higher level of requirements for LED display is asked for by customers. That is "The Customizing."

To meet the demand of the market, LED display market has been divided into a lot of small sub-fields, like small pixel pitch display, LED advertising poster, 3D LED display, COB related items, LED mesh, shape-customized LED display, flexible LED display, OLED and so on. All of these items with innovation and creativity enriched the catalogue for the LED display market. They are driving the LED industry to a higher stage.
China supplies the biggest quantity of LED display to the world; meanwhile it has the biggest end-use market for LED display. With about 30-years of the development, ability of both technology and innovation in Chinese LED industry is strong enough to lead the development of the global LED display industry. However, problems of the products’ homogenization and the crazy price competition are still challenges for the Chinese LED industry. And the only way to getting through these challenges will be innovation.
The Prime Minister Li Keqiang has released positive information, in the conference, that the government will keep limiting their power and decreasing taxes & fees to bring a business environment with normal competition for small and medium-sized enterprises, so as to motivate the innovation and creativity of the market. With such a wonderful situation, how cannot Chinese LED enterprises make a big progress?