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As a new semester starts, children of migrant workers return home in Fuyang, Anhui province, after they spent holiday time with their parents in their workplaces.[Photo provided to China Daily]

As finance ministers and central bank governors of the Group of 20 (G20) members are gathering this week in Fukuoka, Japan, Lagarde called on policymakers to work in partnership to "help, not hinder the expected pickup in growth."

As governors and mayors and business leaders across the continent wake up to the news of Amazon’s plan to build a second headquarters outside of Seattle,?accommodating up to 50,000 high-paying jobs, they should be careful not to fall all over themselves jumping at the opportunity to be first in line.

As early as the beginning of this year, at the CEIBS Financial Management Salon, I made it clear that like in the stock market, where volatility is the norm, the RMB volatility is the norm in the foreign exchange market. "There is no need to panic over the RMB breaching the 7-yuan-per-dollar threshold," I said at the event.

As Re/code notes, Kennedy helped Amazon build out its payment products, including a digital wallet app and a rumored digital money transfer service.