Families vastly overborrowed in recent years, and now they are retrenching.

近年来，很多家庭都超额借贷，而现在他们都在紧缩开支了。

Families vastly overborrowed in recent years, and now they are retrenching .

近年来，很多家庭都超额借贷，而现在他们都在紧缩开支了。

Worldwide, big pharma may be retrenching , but it continues to invest in China.

大的制药企业可能在全世界范围内削减，但是会继续在华投资。

How is it that he appears to be expanding his ambitions at a stage in life when most people are retrenching theirs?

它怎么说，他似乎是扩大他的野心，在一个阶段，在生活中，当大多数人都紧缩他们的呢？

The moves also highlight a big shift in how banks globally are retrenching in certain markets and expanding in others in what is creating a shift in how money will be deployed in the coming years.

这也凸现出全球各家银行一边在撤出某些特定市场，一边又在其他领域开疆辟壤，因此，未来几年资金布局将随之发生改变。