China credit crunch-LEDinside

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2013-07-23

LED Bankruptcy Wave: Chinese Companies “Trip”, Taiwanese Companies “Stuffed”

Chinese banks’ recent credit crunch has impacted the LED industry. More than 100 LED manufacturers have defaulted as a result in Eastern and Southern China this year. Taiwanese LED manufacturers have emerged as the beneficiaries of the industry restructuring, as foreign investors purchase stock from industry leaders Epistar and Everlight.

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