China's economy is on track for a solid year with strengthening recovery momentum, fueled by reviving consumer spending, services activity and export growth, said global financial institutions and senior experts. However, the outlook could be vulnerable to the significant challenges of a lingering property downturn and lagging demand, they warned, underscoring the pressing need for and the rising possibility of more easing in macro-economic policies. Anticipated measures include interest rate cuts possibly as early as this month, fiscal expansion of the central government and fresh funding support for real estate ... (full story)