The G20 summit and LED
The 14th G20 leaders' summit will be held in Osaka, Japan on June 28, solstice and 29. It has been three years since the G20 hangzhou summit. From hangzhou to Hamburg to Buenos Aires to Osaka, the G20 is back in Asia this year. The backdrop for this summit is unusual. The escalating economic and trade frictions between China and the United States have drawn worldwide attention and become the world's largest public event. How will the leaders of China and the United States meet? What progress will the meeting bring to the china-us economic and trade negotiations? What signals will it send to the LED industry?094588,SELV,EN61347,LMMV,GM,SFSC.HEYDAY-LED.
Trade conflict expected to hit 'pause' button
At present, deep-seated problems in global development are prominent, protectionism and unilateralism are on the rise, the multilateral trading system is under attack, and the world economy as a whole faces many risks and uncertainties. Once again, the world economy faces a historic choice. The common need to maintain steady growth of the world economy has given birth to the g20. Faced with the perplexity of The Times, the G20 has the responsibility to play a leading role and chart the course for the world economy. It is the profound inspiration of the two 10th anniversaries and the historical responsibility of the g20, a group of major economies.
Obviously, china-us trade conflict is one of the concrete manifestations of the deep-seated contradictions in the world economic development. For a long time, china-us trade friction has caused varying degrees of impact on some export-oriented LED enterprises and enterprises relying on American suppliers. Specifically, it has little influence on enterprises with strong product competitiveness and little substitutability. For enterprises with weak product competitiveness and certain substitutability, it is mainly the pressure of increased costs and reduced orders. Some enterprises are faced with the risk of production stop-production, workers' unemployment and other risks. The meeting between the heads of state of China and the United States on the sidelines of the G20 Osaka summit will help the two sides resolve their differences and resolve outstanding issues.
One Belt And One Road in-depth development screen enterprises overseas market to further expand
The summit will visit Argentina and panama, two Latin American countries, and further promote the cooperation between China and Latin American countries, as well as the further development of china-latin America "One Belt And One Road" cooperation. Argentina is a big country in Latin America. President macri has always taken a positive attitude towards china-argentina relations and expressed willingness to participate in the construction of "One Belt And One Road" between China and Latin America. The two countries hope to reach many cooperation agreements in relevant fields. Panama is the first Latin American country to sign the "One Belt And One Road" cooperation agreement with China. One Belt And One Road is a strategic idea put forward by the CPC central committee to strengthen the in-depth integration of China's economy and the world economy under the new situation. With this platform, Chinese enterprises face unprecedented opportunities, including Chinese LED display companies.
Coming back to the G20 summit in Asia, China showed its determination and attitude to peaceful development, which inspired a lot of LED display industry. Although sino-us friction is expected to slow down through the G20, giving many domestic enterprises a breathing space, LED display enterprises should be deeply aware of the extreme importance of mastering core technology and core supply chain.
