 The International Monetary Fund thinks the Chinese economy will grow at 5.4% this year, although it is likely to slow down to 4.6% in 2024. But even that prediction of 4.6% growth is an improvement. As recently as October, the IMF had been talking about expected growth of 4.2%. Now, many people think the weaker Chinese currency just now has made it harder for the central bank to slash interest rates in order to help the economy recover. But the People's Bank of China did increase its support another way. It pumped more money into its financial system through one-year policy loans. In fact, the cash injection is the biggest since 2016 and went beyond what some analysts had expected.