The councils can make recommendations for heightened prudential standards in the interest of the safety of the financial system, but notably, not for forbearance or relaxations. The two seemingly paradoxical trends make eminent sense and supplement each other. 4  BIS Review 105/2010  25. A brief review of the situation around the world will be instructive in this regard.
Building a new development pattern caters for the major background that the Chinese economy has deeply integrated into the global economic and trade system. As a key participant in the global economic and trade system, China is now the largest trader and second biggest direct investment destination, as well as one of the key hubs and manufacturing centers of the global value chain.