Karen Yeung
AsiaOne
Hong Kong
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Past articles by Karen:
Couples in China can now have up to three children, but who is going to take care of them?, China News
China will now allow couples to have up to three children, marking a major shift from the strict policies of the past four decades, but a lack of childcare options may limit the number of people willing to take up this option. While China's birth rates have been on a downward trend in recent years, they may hit the lowest... → Read More
China digital currency: could Beijing’s advanced e-yuan replace smaller Asian currencies?
Financial authorities are weighing threats to monetary sovereignty as the race to launch a central bank digital currency (CBDC) heats up. → Read More
China’s yuan rally fuels central bank debate on using currency appreciation to fight commodity price surge
A stronger yuan exchange rate against the US dollar would make commodity imports cheaper, but it would also make Chinese exporters less price competitive. → Read More
China’s world-factory status gets boost as COVID ravages India, other developing Asian countries
China’s advantage as a manufacturing powerhouse remains resilient while its neighbors struggle to reinvigorate their economies. → Read More
China falls in soft power ranking but US loses its crown and tumbles
The United States ranked worst in the world for its response to the COVID-19 pandemic, although along with China, it still in the overall top 10. Germany takes the crown as the leading soft power practitioner in annual global index. → Read More
China success vs COVID-19 shows catching up with West in innovation- Nobel laureate
China’s success in combating the coronavirus is a sign that it has already caught up with the United States and other Western nations in some areas of innovation, including public health policy, according to Paul Romer, co-recipient of the 2018 Nobel Prize in economics. → Read More
Will the US dollar’s slide erode its status as the world’s currency of choice?
In October, the US dollar lost its crown as the world’s most used global payments currency, slipping behind the euro for the first time since August 2013. Its share in global currency reserves is still dominant, but geopolitics and near-zero US interest rates have countries and investors looking for alternatives. → Read More
China’s digital currency no threat, former central bank chief says
China’s new sovereign digital currency could be a boon for cross-border trade while also supporting Beijing’s efforts to promote the yuan as an international currency, the former head of the country’s central bank said on Sunday. → Read More
China dumps US Treasuries for fifth consecutive month, sending holdings to lowest level since February 2017
China's holdings of US government debt have fallen to their lowest level since February 2017, following a fifth successive month of net US Treasury sales in ... → Read More
Will China’s self-sufficiency drive raise the risk of a US conflict?
Beijing's economic policy outlined for the next five years keeps focus on a model that has been the source of trade tensions with the West, an analyst says. ‘Ideological differences will continue to set Beijing apart from Washington’. → Read More
China’s foreign exchange reserves have been remarkably stable. Puzzled economists wonder why
China’s reserve assets held in foreign currencies have stayed relatively stable in recent years. Some economists say Beijing may be managing the currency through capital outflows. → Read More
China’s Unreliable Entity List gives Beijing ‘leeway’ to take punitive actions against foreign firms
China’s Ministry of Commerce announced details of its long-awaited blacklist over the weekend, but did not provide a list of names or a timetable for its release. → Read More
Chinese business leaders urge country to keep thinking global
Beijing has called for increased focus on ‘domestic circulation’ to boost self-reliance. → Read More
Hong Kong's US exports to be relabelled 'Made in China', China News
Goods made in Hong Kong for export to the United States will have to be labelled “Made in China” after September 25, according to a US government notice. The move, in accordance with the suspension of the Hong Kong Policy Act of 1992 and the invoking of US President Donald Trump’s executive order on “Hong Kong Normalisation”, will see Hong... → Read More
US-China trade war: amid allegations that yuan is undervalued, why are tiny twist ties so important?
China’s Ministry of Commerce has warned United States to stop using claims of alleged yuan undervaluation to justify the imposition of anti-dumping and countervailing duties on the imports of cheap twist ties from China. → Read More
China to destroy banknotes from coronavirus-hit sectors
Financial news outlet Caixin reported on Saturday that officials at the People’s Bank of China’s (PBOC) branch in the southern city ordered that all paper currency from sectors with high exposure to the coronavirus be withdrawn for destruction. → Read More
Long queues as voting kicks off in first polls since Hong Kong protest crisis erupted, Asia News
Hongkongers were up early to cast their vote in the first public election since the mass protests broke out in June, with young people among those waiting in long queues before polling stations opened. A record 4.1 million Hong Kong residents are registered to vote in the district council elections on Sunday, when 1,090 candidates contest 452 seats. In 18 districts across the city, they will… → Read More
Muslim Council of Hong Kong says not to 'seek revenge' over police water cannon incident, Asia News
The Muslim Council of Hong Kong has appealed for calm, saying the city's biggest mosque was not police's intended target when their water cannons sprayed its entrance with blue dye on Sunday. The faith group urged Hongkongers not to seek revenge over the "sensitive incident" outside Kowloon Mosque on Nathan Road, the main thoroughfare running through Tsim Sha Tsui and Mong Kok, and the epicentre… → Read More
How 2 women's rights crusaders found support and suppression in China, China News
Feminists Wang Wei and Xiong Jing both found their calling at university, but their experiences of campaigning for women's rights in China have been vastly different. Wang, 21, who provides sex education through the Shenzhen-based start-up she founded, has received official policy and funding support for her activities. But 31-year-old Xiong, a prominent #MeToo activist seeking to change… → Read More
China’s manufacturing activity remains sluggish in June as higher US tariffs kick in
China’s manufacturing industry remained weak in June, with the official purchasing managers’ index suggesting factory owners are still downbeat about their prospects as the pressures of the trade war continue to mount. → Read More