China's economy isn't on the verge of collapse, and markets are overlooking these indicators, China Beige Book says

• Chinese consumer spending rebounded in certain sectors, Shehzad Qazi told Bloomberg TV.
• But the managing director at China Beige Book added that property markets will remain a concern.
• While Beijing's support is largely moderate, monetary policy is having an impact.

The idea that China is teetering towards catastrophe is contradicted by some key positives, Shehzad Qazi, managing director of China Beige Book, told Bloomberg TV.

"There's a dangerous consensus out there right now that China is on the verge of collapse. And the first thing that these data have made very clear is that's simply not the case," he said, noting that financial markets are overlooking several indicators.