Export of LED high-definition full-color screen for advertising led wall.

China’s LED high-definition displays occupy more than 80% of the global market share, and last year’s export accounted for more than 30%, accounting for a large part of China’s total LED display output.

With the popularity of novel coronavirus pneumonia, the global epidemic has escalated, oil prices have plummeted, and global stock markets have also been in turmoil. The U.S. stock market experienced four circuit breaks in 10 trading days. Since February 24, stock markets around the world have fallen about 25%. As of March 31, ಹೆಚ್ಚು 800000 cases have been confirmed worldwide, ಜೊತೆಗೆ 60000 new cases almost every day. The epidemic is spreading rapidly every day. Affected by the epidemic, the global economy may enter into negative growth.

 

International financial institutions predict that on March 23, 2020, the Washington based International Finance Association will issue a report, predicting that the global economy will grow by 1.5% this year. The novel coronavirus pneumonia, George I Ieva, President of the International Monetary Fund (IMF), also issued a statement in July 23rd. Georgi Ieva. The report said the novel coronavirus pneumonia caused serious losses to the global economy. By 2020, the global economy will show negative growth. This recession is at least as good as, or worse than, ದಿ 2008 financial crisis. When the export of LED high-definition full-color screen is affected, how can LED screen manufacturers save themselves?

In order to control novel coronavirus transmission, prevention and control measures are also being upgraded. So far, ಹೆಚ್ಚು 60 countries have declared a state of emergency. ಕನಿಷ್ಟಪಕ್ಷ 18 countries, including India, Poland and Canada, have announced border closures. Six countries, including Italy, have “closed” cities nationwide, banning the free movement of unnecessary people. The measures taken by countries around the world to fight the epidemic will undoubtedly have a serious impact on overseas trade. China’s major exporters, such as the United States, ಜರ್ಮನಿ, ಫ್ರಾನ್ಸ್, the United Kingdom and South Korea, all have severe epidemics, and their demand accounts for 30% of China’s exports. China’s external demand pressure has increased significantly. Recently, foreign trade orders have been cancelled or postponed. It is estimated that in the first quarter, China’s exports will decrease by 370-740 billion yuan, ಅಥವಾ 10% – 20%.

When the export of LED high-definition full-color screen is affected, how can LED screen manufacturers save themselves?

The foreign trade industry is the first to bear the impact of the global pandemic. Due to the loss of overseas customers’ orders, foreign trade enterprises are not allowed to declare bankruptcy due to holidays or broken capital chain, which no longer exists in other industries. The foreign trade situation has affected the LED display application industry.

As an engineering project product, led high-definition full-color screen does not need daily use. Unlike mass consumer goods, it mostly takes the form of prepayment. ಪ್ರಸ್ತುತ, it has not been heard of any industry enterprises have encountered “refund”. ಆದಾಗ್ಯೂ, due to engineering delays, order delays are normal.

Under the control of the epidemic situation in China, it is a better strategy for foreign trade led display enterprises to enter the domestic market, but this will certainly make the domestic already fierce market competition environment more intense. In this case, we must try to make the domestic market bigger, so as to avoid the situation of “too many monks and less candidates”.