European Debt Crises Taking Toll on LED Sales

According to LEDinside, major lighting markets in the world have been affected by the European debt crisis in varying degrees.
Certain Chinese LED firms whose businesses rely heavily on overseas markets have seen a decline in orders, which is particularly pronounced in the European lighting market. As a result, many LED companies start to shift their focus to the Chinese LED bidding market. In fact, China has recently restarted the bidding for LED subsidies in July, which provided hope for many LED firms.

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