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Since the G20-LED first meeting in Shanghai, the severe challenges facing the LED industry are intensifying, especially in the upstream part (sapphire substrate) investment continues to have a high fever, MOCVD has gradually entered the stage of installation, commissioning and commissioning, and the future overcapacity is expected. Aggravation and mid-stream packaging are difficult. Some enterprises are forced to lower prices to maintain market competitiveness and stable performance. The downstream lighting application market lacks reasonable market access mechanism and mandatory national standards, resulting in uneven product quality, affecting owners and end consumers for LED lighting. The establishment of trust.
In this context, the pressure on the entire LED industry chain is increasing. At the same time, affected by the European and American debt crisis and the global economic downturn, domestic LED display and lighting companies' export orders have been affected, which has intensified the harsh competition environment in the domestic market.
At the same time, there are still many opportunities in the industry under the crisis.
In 2011, the domestic LED industry gradually entered the stage of seeking breakthroughs in enterprise development through IPO listing. As of the end of November 2011, the seven successful IPO-listed LED companies raised a total of about 3.625 billion yuan.
In terms of the overall output value of the LED industry, according to the statistics of the High-tech LED Industry Research Institute (GLII), the output value of China's LED industry is expected to reach 154 billion yuan in 2011, a year-on-year increase of 22%, while output increased by more than 50%. GLII expects that in 2012, driven by the domestic lighting terminal market demand, the industry's output value is expected to exceed 200 billion yuan, achieving a year-on-year increase of 30%.
The leaders of the G20-LED Summit members agreed that they should firmly grasp the major opportunities brought about by this industrial crisis, and ensure the long-term stable expansion of the LED industry by adjusting product structure, improving product quality, and improving corporate layout. 
The second meeting of the first G20-LED Summit was held in Shenzhen Qingqing World. The picture shows the meeting site. 
The zipper feature allows for easy access to the contents inside the sleeve, making it convenient for installation, maintenance, or repairs. The braided material provides durability, flexibility, and resistance to abrasion, heat, chemicals, and UV rays.
Zipper braided sleeves are commonly used in various industries, including automotive, electronics, aerospace, and entertainment. They can be used to organize and protect cables in computer systems, audio/video equipment, automotive wiring harnesses, and industrial machinery.
Overall, zipper braided sleeves offer a practical and efficient solution for cable management and protection, ensuring the longevity and reliability of the enclosed components.
G20 Shenzhen Summit: Join forces to promote growth cooperation and seek win-win
[High-tech LED reporter Shenzhen report] On December 8, 2011, the first G20-LED Summit - the second meeting was successfully held in the Qinghai World of Shenzhen Resort. The meeting adopted a series of resolutions aimed at strengthening the cooperation between the members of the G20-LED Summit. At the same time, the leaders of the participating companies also made an initiative to the industry on the current status of LED industry development, the temporary lows faced, and future energy conservation subsidies, industry regulation and market access.