This article is the speech of Gong Wen, general manager of Jingtai Co., Ltd. at the 2014 High-tech LED Annual Conference “Looking forward to the new LED chapter for the next three yearsâ€.
At the event of the annual meeting, a speech by Mr. Gong Wen, the general manager of Shenzhen Jingtai Co., Ltd., caused a heated discussion.
The following is the full text of the speech:
At the G20 meeting that opened yesterday morning, when I was talking, I still felt that I used a relatively pessimistic view. It’s not that I personally don’t like this industry. Everyone knows that there are a lot of things in our industry. There are indeed many problems. This is not only a problem of the LED industry, but also a problem of the entire world economic environment.
We know that the price of fuel has now fallen below $60 a barrel. I saw the news yesterday that the stock market in Dubai is basically collapsing. Dubai is also a very important economic hub in the Middle East. I also saw that China's November CPI index rose by 1.4%, which is the lowest in the past five years, while the PPI fell by 2.7%, the lowest in five years.
Therefore, the macro environment, not only the LED industry will encounter such problems, the entire world economy has encountered such problems. Some people say that winter is coming, spring is coming, but I am more willing to tell you that everyone must be happy. This is not a very fast winter. It may be a medium- and long-term winter.
Lighting is one of the most important areas of application for LEDs. We have also increased the speed by more than 30% every year. The leader just demonstrated this curve and it is very perfect, but the curve is so perfect, the stripes are so beautiful, but which one belongs to us? In fact, we are really not too clear.
At the event of the annual meeting, a speech by Mr. Gong Wen, the general manager of Shenzhen Jingtai Co., Ltd., caused a heated discussion.
The following is the full text of the speech:
At the G20 meeting that opened yesterday morning, when I was talking, I still felt that I used a relatively pessimistic view. It’s not that I personally don’t like this industry. Everyone knows that there are a lot of things in our industry. There are indeed many problems. This is not only a problem of the LED industry, but also a problem of the entire world economic environment.
We know that the price of fuel has now fallen below $60 a barrel. I saw the news yesterday that the stock market in Dubai is basically collapsing. Dubai is also a very important economic hub in the Middle East. I also saw that China's November CPI index rose by 1.4%, which is the lowest in the past five years, while the PPI fell by 2.7%, the lowest in five years.
Therefore, the macro environment, not only the LED industry will encounter such problems, the entire world economy has encountered such problems. Some people say that winter is coming, spring is coming, but I am more willing to tell you that everyone must be happy. This is not a very fast winter. It may be a medium- and long-term winter.
Lighting is one of the most important areas of application for LEDs. We have also increased the speed by more than 30% every year. The leader just demonstrated this curve and it is very perfect, but the curve is so perfect, the stripes are so beautiful, but which one belongs to us? In fact, we are really not too clear.
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