The LED industry’s development has been anything but a smooth ride. Foreign manufacturers have monopolized the technology market in China. The industry in China also faces challenges of being overtly small, incomplete supply chains, and oversupply in the midstream and downstream markets. Despite being the “star” of the era, the industry is facing a bottleneck. How can companies cope pragmatically during an industry low tide? How should social awareness change to create a better environment for industry development? How can the Chinese government speed up industry standardization and corresponding development policies?