To build upon this, the 4th Five Year Plan called for a program of 'consolidation' for the industry, in which a standardized watch design would be manufactured in factories in (almost) all provinces.
[2] Though the movement was the predominantly-produced watch movement in China until sometime in the 1980s, its manufacture was not immune to the quartz crisis of the watch industry that occurred during that decade; changes in economic policy, replacement designs, factory closings, and the re-purposing of a number of Chinese watch-producing facilities would contribute to declines in its manufacture.
[2] The movement is frequently seen today in its skeletonized and simple automatic variants in watches whose list prices range between US$10–100.
Liaoning Watch Factory is producing a new automatic standard movement distinguishable by a wider auto-winding bridge that partly covers the mainspring barrel.
In 2008 the Shandong Liaocheng Zhong Tai Watch Company introduced a new skeleton version on a 33mm main plate with a simple auto-winding module on the 'magic-lever' principle.
All of these variants have been enthusiastically adopted by the many new lower-priced Shenzhen-based brands such as Fineat,[2] and some foreign watch companies such as Invicta.
The often elaborate case-backs and signed crowns of many vintage Standard watches are a testimony to the pride of the local enterprises that built them.