This has been the most pronounced credit cycle in history, but this process is now in reverse and will prove to be a multi-year adjustment.
这曾经是一个有史以来最为人津津乐道的信贷循环，但这一进程正在逆转，并将进行多年的调整。
2
Then the article re-analyses the factors which is affecting our real estate credit based on the curve coupled with a series of macroeconomic adjustment policies in the land, and financial.