The huge demand market of “One Belt and One Road” has apparently become a regional market for LED companies to increase and accelerate their deployment in the next step. According to customs statistics, in 2017, China’s import and export of countries along the “Belt and Road” reached 7.37 trillion yuan, a year-on-year increase of 17.8%, which was 3.6% higher than China’s overall foreign trade growth rate, and accounted for 26.5% of China’s total foreign trade value, of which exports were 43,000. Billion yuan, an increase of 12.1%, imports 3.07 trillion yuan, an increase of 26.8%.
As China increasingly trades with countries and regions along the Belt and Road, more and more foreign traders want to catch the express train. Many Chinese companies are already actively planning how to take a place in the “One Belt and One Road” market and explore “walking”. "Go out" the new model.
After a long period of development, the function of the luminaire gradually changed from the original single practicality to the combination of practicality and decorativeness. Modern lighting fixtures are widely used in home lighting, commercial lighting, industrial lighting, road lighting, landscape lighting, and special lighting.
Since the reform and opening up, China's lighting industry has achieved great development. Today, it has formed two industrial clusters in the Yangtze River Delta and the Pearl River Delta, and a rapidly developing industrial distribution pattern in Jiangxi, Fujian, Shandong, Beijing, and Liaoning. China is the largest production base of lighting products in the world and has a clear price advantage in the international market. On the whole, China's lamps and lanterns are mostly household lighting and spare parts, while the lamps used for industrial lighting and public lighting have large value-added and high-grade lamps.
As the world’s major LED exporting country, China’s LED industry “goes out” to find new growth poles and profit growth points as the domestic market tends to become saturated.