Recently, it came to light during the 3rd meeting of the Board of Directors of the 5th China Wujiaojiao Chemical Industry Commercial Association that the China Wujinjiaodian Chemical Industry Association proposed the "Plan for Revising Participation and Establishing National and Industry Standards for Hardware Products."
This proposal highlighted how the global financial crisis has driven many foreign trade companies to pivot toward domestic markets. Over the years, these companies have focused on overseas markets, gaining extensive experience in product development, technology, and service provision—especially in areas like innovation, R&D, and design. Now, leveraging their expertise, they aim to expand into the domestic market. By utilizing platforms like industry associations, they hope to merge domestic and international resources to benefit both sectors.
In light of this new landscape, there’s a growing push to foster the healthy and sustainable growth of China's hardware sector while accelerating the industry's digital transformation. To enhance service offerings for members of the China Wujiaojiao Chemical Industry Association, the China Wujinjiaodian Chemical Industry Association, in collaboration with the National Tool Hardware Standardization Center, is working together to establish national and industry standards for related hardware products.
Traditionally, in various industries, standards are primarily set by government bodies, with businesses playing a supporting role—a hallmark of the Chinese market. The China Wujinjiaodian Chemical Commercial Association has now reached its 20th anniversary since transitioning from governmental roles to those of a trade association. Over this period, it has made significant strides in commercial circulation.
Standardization is a crucial technical foundation for economic and societal progress. As globalization accelerates and China's socialist market economy continues to evolve, standardization plays an increasingly pivotal role in driving technological advancement, enhancing product quality, and propelling industrial growth. This explains why more hardware firms are getting involved in standard-setting processes today.
Leading the creation of standards not only helps secure a competitive edge but also establishes barriers against market disruptions. Once adopted by the market, these standards become invaluable tools for defending domestic positions and expanding internationally. Companies that successfully champion standards can wield immense influence, shaping trends and setting benchmarks that competitors must follow.
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