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China 's economic growth surged in August , thereby relieving pressure for stimulus and fears that a sharp downturn would reduce worldwide growth , according to new data . Retail inflation accelerated to 10.2 % , led by auto ##makers , which rose 10 % , and industrial production , a bellwether for the critical manufacturing sector , grew 6.3 % annually , marking the fastest pace since March . Furthermore , Economist Intelligence Unit 's Tom report notes that " the property market is proving surprisingly resilient as buyers step up purchases ahead of anticipated policy tightening , and this has helped to support the industrial growth and commodity prices . " Expectations that China 's central bank will cut interest rates before the end of 2016 now appears less likely , say economists .