After being beaten by only the yen in 2018, the Thai baht has outshone all its regional peers in 2019, rising by four percent against the US dollar.

That document, like similar reports written during the previous two administrations, did not find China guilty of manipulation.

The currency’s value fell to nearly CN¥7 per US dollar, before stabilizing in early 2017.

Asian central banks are raising rates to defend their currencies, but reluctantly.

China’s authorities are likely to step in and defend the currency should it fall further to a key level.

3.8 is more than five percent stronger than the ringgit’s current level against the US dollar.

Xi painted China’s governance system as a unique development model while hailing signature policies like his Belt-and-Road infrastructure initiative and anti-corruption campaign.