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LED manufacturers in Shenzhen, China are also free from possible export losses. According to the statistics compiled by China Export Credit Insurance Corporation (CECIC), in September 2013, 227 of the 1,800 LED manufacturers in Shenzhen received insurance claims for export losses, and most of them were LED industries. The mainstay. Of the 45 export losses that occurred during the first eight months of 2013, a total of $7.84 million in claims for compensation totalled $4.19 million. The export risk of LED products exported from China to the United States and the European Union ranks first in each export region, while the output of LED manufacturers in Shenzhen accounts for one-third of all in China.
EU further upgrades LED standards
In the previous article, we pointed out that the Chinese LED industry has caused excessive subsidies due to the overlapping of funds between the local government and the central government. Compared with the Chinese government's generous attention to LED manufacturers, Europe and the United States are paying more attention to establishing new energy efficiency standards, and some Chinese media regard this as a technical barrier. In this article, we will examine whether this view is correct. EU further upgrades LED standards On September 4, 2013, a China Industry Research Network reported that between 2012 and 2013, EU and US policies focused on setting new energy standards and increasing the production costs of Chinese LED manufacturers. In fact, it has improved the technical barriers. The report pointed out that the EU's RAPEX (Rapid Early Warning System) reported a total of 19 Chinese LED products with safety concerns during the first half of 2013. At the same time, the new standards will deepen the export risks of Chinese LED manufacturers and increase product costs. However, the content of the report is slightly overstated. In 2013, RAPEX in the European Union actually listed only 11 Chinese LED products with safety concerns. These products are reported to have potential leakage, fire and electromagnetic interference problems. Products that are banned from exporting to Europe are mostly produced by SMEs, and only two brands are unknown. Although LED products produced in China may have a negative impact in the short term, the controlled products have little impact on the industry as a whole. For example, most of the products with fire risk are Christmas decorative lights that ordinary consumers do not usually buy. Secondly, as reported by the National Industry Research Network, core technology developments have helped prevent Chinese manufacturers from being removed. (Please see the table below)