The LED industry is trapped in a "triangular debt" industry

At the end of 2012, Dongguan Jiahao Photoelectric Co., Ltd. crashed down. This small LED display company in the industry, because of the "triangular debt" mud, the boss finally run, had to bankrupt to pay off debts.

How deep is the spread of “triangular debt” in the LED industry? Is Jiahao Optoelectronics out of the normal exit of enterprises under competition, or is it an early warning signal that shakes the foundation of the industry? It is necessary for relevant departments to conduct immediate judgment on these issues. Obviously, such as the crisis Endangering the entire industry, then the government can promptly set a stop-loss point for possible disasters in the LED industry.

If the entire LED industry is caught in the "triangular debt" dilemma, to a large extent, companies in the industry will sooner or later enter the bankruptcy state one after another like dominoes. In this regard, Dongguan needs to remain vigilant. At the moment, we should at least open the time window for preparing the response plan. More importantly, to solve the industry's "triangular debt" dilemma, it is difficult to achieve the goal by virtue of the strength of one or several enterprises. Therefore, if the research determines that the "triangular debt" crisis has already occurred, the market spontaneous mechanism has failed, and the government is bound to take the shot.

In the 1990s, in the face of the nationwide “triangular debt”, the government mobilized economic resources to intervene strongly, and injected external funds to initiate debt repayment along the industrial chain, although there were In the case of owing, but still help most companies to complete the debt settlement, and some enterprises have no debt, and strode out of the predicament.

If it is asserted that the "triangular debt" of the LED industry may hurt the entire industry and not just individual enterprises, then Dongguan should promptly feedback to the province and the central government that the industry is in a state of "triangular debt". The industry recommends that the central government and the province provide timely solutions. The policy of triangular debt. After all, the industry “triangular debt” may not only occur in Dongguan, but only in Guangdong, and it is more likely to be national. The central and provincial supply policy plan is the most beneficial to the industry and Dongguan.

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