Capital Link's McGonegal on China Inflation, Deleveraging

The video discusses the global economic implications of interest rate hikes, focusing on how central banks have missed inflation targets. It highlights China's inflation trends and the country's corporate deleveraging efforts. The discussion also covers the dynamics of shadow banking and financing, emphasizing the growth of China's new economy and its impact on corporate balance sheets.

What concerns are raised regarding the shadow banking system in the text?

What is the overall health of the new economy in China according to the text?