The invention provides a light emitting diode (LED) capable of emitting white light, relates to the technical field of fluorescence conversion, and solves the problems of low luminous efficiency, poor performance and high cost of an existing LED capable of emitting white light. The LED comprises a blue InGaN chip, yellow light fluorescence powder and packaging materials, wherein the yellow light fluorescence powder and packaging materials are uniformly mixed at the proportion of 0-50 percent by weight, and are coated on the blue InGaN chip to manufacture the LED capable of emitting white light after encapsulating and curing; and the chemical formula of the yellow light fluorescence powder is Ca1-a-x-y MaO : Ce<3+>xR<+>y, wherein a, x and y are molar fraction of elements, and the value range is that the a is smaller than or equal to 0.1 and larger than 0, the x is equal to the y, the x or the y is smaller than or equal to 0.05 and larger than 0, M represents Be<2+>, Mg<2+>, Sr<2+>, Ba<2+>, and Zn<2+> or Cd<2+>, and R represents Li, Na, K, Rb, Cs, and Ag or Cu. The LED provided by the invention has excellent luminescent performance.