"Western nations [..] have explicitly stated they wish to dominate standards processes"
Good luck with that. Thanks to the belligerence of the Trump presidency, China has been forced to up its game on the IT side of things.
Things are going to go either of two ways, in my mind. If the current standards bodies play nice and treat China as an equal (and why not ? It's not proprietary, hidden stuff, it's all out in the open), then China will likely play nice and all standards will actually be standard in the world.
The other option is for China to manage its own standards and only use our Western standards when selling products to us. That will fracture the market, although I have no idea what the consequences would be.