LED Development Plan to be Abolished
The city government has abolished the LED development plan that was implemented for 4 years. The decision has sparked questions on the future development of the LED industry in Shenzhen. Officials of the city development and reform commission said that the plan will be replaced b two other plans and the city will still continue their support of the LED industry.
Two new plans and policies in regard with the development of the LED industry that led to the dissolution of the old one. The resorted to some experts to worry that the abolishment indicates the government is shifting the support away from the industry and that the industry might become the second photovoltaic industry after solar panels, which suffered a huge loss after a rapid expansion.
Local LED enterprises said that the abolishment of the old plan would not affect the business because the development of the industry is being decided by the market and not by government policies. The Led industry in Shenzhen started to develop at the start of 1990’s and developed itself primary in the first decade. The development was broad and did not have detailed regulations so abolishing it will not affect the industry much.