Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.
Karen Yeung
Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.

Latest from Karen Yeung

China may use foreign exchange reserves to fight US financial war risk, analysts say

It may utilise its US$3.1 trillion to adopt a more defensive stance, such as supporting the yuan’s exchange rate, as the trade war with the United States spreads to finance.

14 Aug 2019 - 10:59PM

It may utilise its US$3.1 trillion to adopt a more defensive stance, such as supporting the yuan’s exchange rate, as the trade war with the United States spreads to finance.

China may use foreign exchange reserves to fight US financial war risk, analysts say
China’s consumer spending expected to weaken further this year as result of escalating US trade war tensions

Job and income growth uncertainty means consumers remain cautious about spending, while retail sales growth for July is set to slow as effect of cars sales incentives wears off.

12 Aug 2019 - 9:31AM

Job and income growth uncertainty means consumers remain cautious about spending, while retail sales growth for July is set to slow as effect of cars sales incentives wears off.

China’s consumer spending expected to weaken further this year as result of escalating US trade war tensions
Is China’s ‘currency manipulator’ tag the start of a global recession, currency war?

China allowed the yuan to weaken below 7 to the dollar on Monday for the first time in 11 years, raising fears of a financial crisis and global recession.

12 Aug 2019 - 10:31AM

China allowed the yuan to weaken below 7 to the dollar on Monday for the first time in 11 years, raising fears of a financial crisis and global recession.

Is China’s ‘currency manipulator’ tag the start of a global recession, currency war?
Global financial crisis, recession risks raised as US-China trade war tensions escalate over currency row

Former US Treasury Secretary Lawrence Summers says the world is at the ‘most dangerous financial moment’ since the 2009 global economy meltdown.

6 Aug 2019 - 8:07PM

Former US Treasury Secretary Lawrence Summers says the world is at the ‘most dangerous financial moment’ since the 2009 global economy meltdown.

Global financial crisis, recession risks raised as US-China trade war tensions escalate over currency row
China exchange rate drop could continue into 2020 as it tries to offset US tariff impact, analysts say

Beijing’s decision to let yuan fall below key 7.0 level against US dollar that it previously defended means it has decided to let yuan fall to offset impact of new US tariffs.

6 Aug 2019 - 6:49PM

Beijing’s decision to let yuan fall below key 7.0 level against US dollar that it previously defended means it has decided to let yuan fall to offset impact of new US tariffs.

China exchange rate drop could continue into 2020 as it tries to offset US tariff impact, analysts say
China nudges top tech firms from Tencent to Alibaba to give new life to struggling state giants

Hao Peng, Communist Party boss of the State-owned Assets Supervision and Administration Commission, hopes the move will lead to mutually beneficial results.

5 Aug 2019 - 8:53AM

Hao Peng, Communist Party boss of the State-owned Assets Supervision and Administration Commission, hopes the move will lead to mutually beneficial results.

China nudges top tech firms from Tencent to Alibaba to give new life to struggling state giants
US-China tech war shrouded by ‘new red scare’ as Donald Trump cracks down on IP theft

As more federal cases are filed against Chinese firms, lawyers and Chinese scientists fear that prosecution is increasingly racially charged.

6 Aug 2019 - 10:29AM

As more federal cases are filed against Chinese firms, lawyers and Chinese scientists fear that prosecution is increasingly racially charged.

US-China tech war shrouded by ‘new red scare’ as Donald Trump cracks down on IP theft
Hong Kong protests, government ‘inability’ to address concerns damaging business confidence, Fitch warns

The rating agency says factors underpinning the city’s AA+ rating, including governance and rule of law, are being tested.

31 Jul 2019 - 2:55AM

The rating agency says factors underpinning the city’s AA+ rating, including governance and rule of law, are being tested.

Hong Kong protests, government ‘inability’ to address concerns damaging business confidence, Fitch warns
China has ‘price to pay’ for cutting US dollar share of forex reserves, analysts say

China disclosed that it had cut the portion of US dollar-denominated assets in its reserves portfolio to 58 per cent in 2014.

30 Jul 2019 - 9:24PM

China disclosed that it had cut the portion of US dollar-denominated assets in its reserves portfolio to 58 per cent in 2014.

China has ‘price to pay’ for cutting US dollar share of forex reserves, analysts say
China’s courts ‘biased’ towards state giants due to political pressure, study shows

Only 37 per cent of cases involving SOEs were disclosed, despite a requirement from the Supreme People’s Court, according to the Chinese University of Hong Kong.

26 Jul 2019 - 10:08PM

Only 37 per cent of cases involving SOEs were disclosed, despite a requirement from the Supreme People’s Court, according to the Chinese University of Hong Kong.

China’s courts ‘biased’ towards state giants due to political pressure, study shows
Are China’s social ills from four decades of rapid economic growth approaching a tipping point?

Experts warn that social problems may have hit dangerous levels as Beijing vows to step up efforts to boost employment and education as the economy slows.

25 Jul 2019 - 4:57PM

Experts warn that social problems may have hit dangerous levels as Beijing vows to step up efforts to boost employment and education as the economy slows.

Are China’s social ills from four decades of rapid economic growth approaching a tipping point?
Global regulators delay new derivatives margin rules to avoid market fragmentation

Rule is designed to reduce risks following the central role played by the multi-trillion dollar derivatives sector in the global financial crisis a decade ago.

23 Jul 2019 - 7:28PM

Rule is designed to reduce risks following the central role played by the multi-trillion dollar derivatives sector in the global financial crisis a decade ago.

Global regulators delay new derivatives margin rules to avoid market fragmentation
China expected to implement more economic stimulus despite growing debt and weak yuan

To shore up growth and meet the projected 6 to 6.5 per cent expansion target for 2019, economists and analysts expect China to lean on fiscal measures.

22 Jul 2019 - 3:40PM

To shore up growth and meet the projected 6 to 6.5 per cent expansion target for 2019, economists and analysts expect China to lean on fiscal measures.

China expected to implement more economic stimulus despite growing debt and weak yuan
China may be courting Japan to cooperate with belt and road to allay controversy after yuan clearing deal

MUFG Bank last month was named as only the second non-Chinese yuan clearing bank, with suggestions it could be the start of improved relations between Beijing and Tokyo.

18 Jul 2019 - 11:07PM

MUFG Bank last month was named as only the second non-Chinese yuan clearing bank, with suggestions it could be the start of improved relations between Beijing and Tokyo.

China may be courting Japan to cooperate with belt and road to allay controversy after yuan clearing deal
Trade war may scuttle China’s interest to share ‘state secret’ company audit reports with US

Deal allowing US regulator to see audit work of Chinese firms listed in the US may fall victim to ongoing US-China trade war.

5 Jul 2019 - 11:20PM

Deal allowing US regulator to see audit work of Chinese firms listed in the US may fall victim to ongoing US-China trade war.

Trade war may scuttle China’s interest to share ‘state secret’ company audit reports with US
Are China’s capital flight controls raising investment risks and cutting returns for Chinese investors?

Asian Development Bank Institute’s CEO warns that citizens’ asset risks cannot be mitigated with limited domestic investment options amid slowing economic growth.

5 Jul 2019 - 6:57PM

Asian Development Bank Institute’s CEO warns that citizens’ asset risks cannot be mitigated with limited domestic investment options amid slowing economic growth.

Are China’s capital flight controls raising investment risks and cutting returns for Chinese investors?
Violent protests are a blot on Hong Kong’s reputation as a stable business hub, says Hopewell’s Gordon Wu

Violent protests are definitely not good for the city’s business environment and could force companies to reassess their investment decisions, says the chairman of Hopewell Holdings.

3 Jul 2019 - 6:45PM

Violent protests are definitely not good for the city’s business environment and could force companies to reassess their investment decisions, says the chairman of Hopewell Holdings.

Violent protests are a blot on Hong Kong’s reputation as a stable business hub, says Hopewell’s Gordon Wu
China factory activity contracted in June as US trade war tariff increase in May starts to bite

Caixin/Markit Manufacturing Purchasing Managers’ Index fell to 49.4 in June from 50.2 in May, its lowest reading since January, indicating a contraction.

1 Jul 2019 - 8:32PM

Caixin/Markit Manufacturing Purchasing Managers’ Index fell to 49.4 in June from 50.2 in May, its lowest reading since January, indicating a contraction.

China factory activity contracted in June as US trade war tariff increase in May starts to bite
China’s exporters welcome trade war truce, but worry about long-term outlook

Manufacturers are still concerned for their business prospects despite Xi Jinping and Donald Trump agreeing to a pause on additional tariffs.

1 Jul 2019 - 9:34AM

Manufacturers are still concerned for their business prospects despite Xi Jinping and Donald Trump agreeing to a pause on additional tariffs.

China’s exporters welcome trade war truce, but worry about long-term outlook
US-China trade unpredictability likely to weigh on global economy

Deal ending US-China trade war may not be possible before the end of the year, meaning it will continue to weigh on global economy, analysts say.

1 Jul 2019 - 12:15PM

Deal ending US-China trade war may not be possible before the end of the year, meaning it will continue to weigh on global economy, analysts say.

US-China trade unpredictability likely to weigh on global economy
China’s manufacturing activity remains sluggish in June as higher US tariffs kick in

Purchasing managers’ index unchanged from May at 49.5, suggesting further contraction in the sector.

1 Jul 2019 - 9:46AM

Purchasing managers’ index unchanged from May at 49.5, suggesting further contraction in the sector.

China’s manufacturing activity remains sluggish in June as higher US tariffs kick in
China’s need for opening up of financial market highlighted by demise of Baoshang Bank

Investors and analysts fear that demise of the small Inner Mongolian bank underscores more underlying troubles in China’s banking system.

26 Jun 2019 - 7:00PM

Investors and analysts fear that demise of the small Inner Mongolian bank underscores more underlying troubles in China’s banking system.

China’s need for opening up of financial market  highlighted by demise of Baoshang Bank
US economic outlook and Fed interest rate cut rest on Donald Trump’s meeting with Xi Jinping, analysts say

The two world leaders are set to meet at the G20 summit next week in Osaka, Japan next week to discuss the ongoing US-China trade war.

25 Jun 2019 - 1:25PM

The two world leaders are set to meet at the G20 summit next week in Osaka, Japan next week to discuss the ongoing US-China trade war.

US economic outlook and Fed interest rate cut rest on Donald Trump’s meeting with Xi Jinping, analysts say
China signals currency war truce ahead of Xi Jinping’s meeting with Donald Trump at G20 in Japan

The People’s Bank of China will sell 30 billion yuan (US$4.3 billion) worth of short terms bonds in Hong Kong next week to facilitate propping up the yuan.

20 Jun 2019 - 9:29AM

The People’s Bank of China will sell 30 billion yuan (US$4.3 billion) worth of short terms bonds in Hong Kong next week to facilitate propping up the yuan.

China signals currency war truce ahead of Xi Jinping’s meeting with Donald Trump at G20 in Japan
Is China’s concern over a possible US dollar shortage risk forcing companies to sell overseas assets?

China’s need for US dollars to repay debts, pay for imports and fund Belt and Road initiative projects may exceed its US$3.1 trillion in foreign exchange reserves.

20 Jun 2019 - 9:43AM

China’s need for US dollars to repay debts, pay for imports and fund Belt and Road initiative projects may exceed its US$3.1 trillion in foreign exchange reserves.

Is China’s concern over a possible US dollar shortage risk forcing companies to sell overseas assets?
Indonesia benefiting as China’s shoemakers shift production as US trade war worsens, central bank official says

The Southeast Asian nation’s footwear exports to the United States have grown 6.7 per cent at the start of 2019, compared with a 4.7 per cent rise in 2018.

14 Jun 2019 - 8:54AM

The Southeast Asian nation’s footwear exports to the United States have grown 6.7 per cent at the start of 2019, compared with a 4.7 per cent rise in 2018.

Indonesia benefiting as China’s shoemakers shift production as US trade war worsens, central bank official says
G20 finance chiefs vow to act on ‘intensifying’ global trade and geopolitical tensions

Policymakers issue joint communique saying they ‘will continue to address risks and stand ready to take further action’ as trade war between US and China dominates discussions.

13 Jun 2019 - 10:13AM

Policymakers issue joint communique saying they ‘will continue to address risks and stand ready to take further action’ as trade war between US and China dominates discussions.

G20 finance chiefs vow to act on ‘intensifying’ global trade and geopolitical tensions
US President Donald Trump ‘perfectly happy’ to impose more tariffs on Chinese goods if talks fail to progress, Steven Mnuchin says

US Treasury Secretary Steven Mnuchin puts ball back in Beijing’s court, saying Washington prepared to ‘move forward’ as long as China accepts its terms.

10 Jun 2019 - 10:47AM

US Treasury Secretary Steven Mnuchin puts ball back in Beijing’s court, saying Washington prepared to ‘move forward’ as long as China accepts its terms.

US President Donald Trump ‘perfectly happy’ to impose more tariffs on Chinese goods if talks fail to progress, Steven Mnuchin says
Chinese, US finance chiefs find common ground on need to reform global tax rules

Liu Kun says leaders must work together to tackle challenges of digital economy, rapid growth of information technology; Steve Mnuchin agrees a globally fair and modern international taxation system is needed.

9 Jun 2019 - 9:22AM

Liu Kun says leaders must work together to tackle challenges of digital economy, rapid growth of information technology; Steve Mnuchin agrees a globally fair and modern international taxation system is needed.

Chinese, US finance chiefs find common ground on need to reform global tax rules
China is letting value of yuan slide to offset trade war tariffs, US Treasury Secretary Mnuchin says

Currency’s slump is not a coincidence and could be the result of Beijing not intervening in markets, politician says.

9 Jun 2019 - 9:44AM

Currency’s slump is not a coincidence and could be the result of Beijing not intervening in markets, politician says.

China is letting value of yuan slide to offset trade war tariffs, US Treasury Secretary Mnuchin says