房地产业的增长过程不是平稳的增长过程，而是波动性的增长，特别表现出周期性增长的特点。
The growth course of the real estate is not the steady growth course, but the growth of the fluctuation, especially demonstrate the characteristic periodicallying increasing.
这就意味着不仅要进一步严格个体机构的资本和流动资金的规定，而且要更广泛地把这些规定和金融系统风险的周期性增长联系在一起。
That means not just increasing capital and liquidity requirements for individual institutions but relating them to the cyclical growth of risk in the system more broadly.
各国在对待移民态度上变得这么气量狭小不足为奇，这是周期性经济萧条和长期增长的富国边境压力协同作用的结果。
This illiberal turn in attitudes to migration is no surprise. It is the result of cyclical economic gloom combined with a secular rise in pressure on rich countries’ borders.
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