The scale of China’s LED package market is projected to expand 16% year on year to 61.4 billion RMB in 2015, according to the latest Chinese LED Industry Market Report by LEDinside, a division of TrendForce.

The growth of Chinese LED package market on the whole has slowed. With China being the production center of the global LED industry, the weakening of global economy this year has led to a larger slide in the exports of the country’s LED products. The year-on-year increase of Chinese LED lighting product exports for this year’s first half is 21%, a steep decline compared with the 80% year-on-year growth for the first half of 2014.