Karen Yeung

Hong Kong

Karen Yeung

Specialist Reporter, Business

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.

Show more

Latest from Karen Yeung

US coronavirus stimulus reignites China’s criticism of dollar hegemony, but no alternative seen any time soon

China has stepped up criticism of the US dollar hegemony in the face of floods of coronavirus stimulus and potential sanctions, but analysts warn there is no alternative.

7 Jul 2020 - 10:55PM

China has stepped up criticism of the US dollar hegemony in the face of floods of coronavirus stimulus and potential sanctions, but analysts warn there is no alternative.

US coronavirus stimulus reignites China’s criticism of dollar hegemony, but no alternative seen any time soon
Severe backlog in Europe-bound trains at Chinese border, as coronavirus increases rail freight volume

Terminals struggle to handle rise in cargo as more cities put on services to Europe and pandemic prompts many shippers to switch from air and sea transport.

6 Jul 2020 - 8:30AM

Terminals struggle to handle rise in cargo as more cities put on services to Europe and pandemic prompts many shippers to switch from air and sea transport.

Severe backlog in Europe-bound trains at Chinese border, as coronavirus increases rail freight volume
China province orders new checks on big cash transactions after bank runs

Depositors will have to say where they got the money from while withdrawer will have to say what they intend to do with the cash.

6 Jul 2020 - 9:17AM

Depositors will have to say where they got the money from while withdrawer will have to say what they intend to do with the cash.

China province orders new checks on big cash transactions after bank runs
Coronavirus: Shenzhen manufacturer of Nike, Speedo, Reebok swimsuits partially shuts as clouds gather over China exports

Fuhua Clothing Factory is partially closing operations and laying off staff at its Shenzhen factory, which supplied global brands including Adidas, Speedo, Nike and Reebok.

2 Jul 2020 - 12:05PM

Fuhua Clothing Factory is partially closing operations and laying off staff at its Shenzhen factory, which supplied global brands including Adidas, Speedo, Nike and Reebok.

Coronavirus: Shenzhen manufacturer of Nike, Speedo, Reebok swimsuits partially shuts as clouds gather over China exports
Why Hong Kong manufacturers struggle to revitalise factories in China’s Greater Bay Area

Hong Kong manufacturers with operations in the Greater Bay Area are facing a host of challenges, ranging from burdensome regulations to rising costs, a new report says.

19 Jun 2020 - 9:44PM

Hong Kong manufacturers with operations in the Greater Bay Area are facing a host of challenges, ranging from burdensome regulations to rising costs, a new report says.

Why Hong Kong manufacturers struggle to revitalise factories in China’s Greater Bay Area
Could the China-US conflict evolve into two competing spheres of economic influence?

Amid a growing geopolitical rivalry, new economic initiatives from China and the US point to the emergence of a ‘belt and road order’ and ‘liberal international order’.

16 Jun 2020 - 9:53PM

Amid a growing geopolitical rivalry, new economic initiatives from China and the US point to the emergence of a ‘belt and road order’ and ‘liberal international order’.

Could the China-US conflict evolve into two competing spheres of economic influence?
China-US tensions drive Beijing’s push of yuan in belt and road nations, but challenges remain

China is stepping up efforts to internationalise the yuan among Southeast Asian nations under its Belt and Road Initiative, but the currency’s use in global trade is still limited.

12 Jun 2020 - 10:58PM

China is stepping up efforts to internationalise the yuan among Southeast Asian nations under its Belt and Road Initiative, but the currency’s use in global trade is still limited.

China-US tensions drive Beijing’s push of yuan in belt and road nations, but challenges remain
China lets yuan drop to five-month low on US tensions, uncertain global economic outlook

China has allowed the yuan to slip to a five-month low against a weighted basket of major currencies as tensions grow with the US.

9 Jun 2020 - 8:12PM

China has allowed the yuan to slip to a five-month low against a weighted basket of major currencies as tensions grow with the US.

China lets yuan drop to five-month low on US tensions, uncertain global economic outlook
Could US sanctions over Hong Kong national security law worsen China’s US dollar shortage?

Analysts say the proposed national security law for Hong Kong could mark the beginning of a process cutting China’s access to US dollars.

6 Jul 2020 - 1:48PM

Analysts say the proposed national security law for Hong Kong could mark the beginning of a process cutting China’s access to US dollars.

Could US sanctions over Hong Kong national security law worsen China’s US dollar shortage?
Hong Kong security law: China weighs risk US will go for ‘nuclear option’ and cut Beijing from the dollar payment system

Beijing is weighing the risk of US financial sanctions, including being cut off from the dollar payment system, after pushing ahead with the Hong Kong security law.

6 Jul 2020 - 1:47PM

Beijing is weighing the risk of US financial sanctions, including being cut off from the dollar payment system, after pushing ahead with the Hong Kong security law.

Hong Kong security law: China weighs risk US will go for ‘nuclear option’ and cut Beijing from the dollar payment system
China factories recover slowly from coronavirus but export orders keep shrinking

Official purchasing managers’ indices show China economic activity continued to recover in May at a moderate pace.

3 Jun 2020 - 1:51PM

Official purchasing managers’ indices show China economic activity continued to recover in May at a moderate pace.

China factories recover slowly from coronavirus but export orders keep shrinking
Hong Kong security law: city’s future is in servicing Chinese firms, says top city economist

Economist Francis Lui Ting-ming says Hong Kong’s trusted financial system has made it invaluable for China and its role will gradually shift to serving mainland firms.

29 May 2020 - 10:45AM

Economist Francis Lui Ting-ming says Hong Kong’s trusted financial system has made it invaluable for China and its role will gradually shift to serving mainland firms.

Hong Kong security law: city’s future is in servicing Chinese firms, says top city economist
National security law: Hong Kong’s appeal as business hub in the spotlight as China law looms large

China’s National People’s Congress is set to approve a motion to amend Hong Kong’s Basic Law, the city’s mini-constitution, on Thursday.

5 Jun 2020 - 10:25AM

China’s National People’s Congress is set to approve a motion to amend Hong Kong’s Basic Law, the city’s mini-constitution, on Thursday.

National security law: Hong Kong’s appeal as business hub in the spotlight as China law looms large
Hong Kong’s dollar tumbles on market jitters about Beijing’s plan to impose national security legislation

Draft resolution for Hong Kong law to proscribe secessionist and other activities in city to be presented as motion to National People’s Congress on Friday, sources say

22 May 2020 - 8:35AM

Draft resolution for Hong Kong law to proscribe secessionist and other activities in city to be presented as motion to National People’s Congress on Friday, sources say

Hong Kong’s dollar tumbles on market jitters about Beijing’s plan to impose national security legislation
Coronavirus: China, US consumers turn on each other’s goods as pandemic drives commercial nationalism

A new Deutsche Bank survey shows 41 per cent of Americans will not buy ‘Made in China’ products again, while 35 per cent of Chinese will avoid US goods.

21 May 2020 - 9:53AM

A new Deutsche Bank survey shows 41 per cent of Americans will not buy ‘Made in China’ products again, while 35 per cent of Chinese will avoid US goods.

Coronavirus: China, US consumers turn on each other’s goods as pandemic drives commercial nationalism
Chinese oil firm MIE defaults on US$248 million bond after value of its assets fall sharply

Company controlled by tycoon Zhang Ruilin fails to make US$17 million interest payment, with knock-on effects on other loans and bonds.

17 May 2020 - 10:45PM

Company controlled by tycoon Zhang Ruilin fails to make US$17 million interest payment, with knock-on effects on other loans and bonds.

Chinese oil firm MIE defaults on US$248 million bond after value of its assets fall sharply
Explainer | What is China’s cryptocurrency alternative sovereign digital currency and why is it not like bitcoin?

China’s sovereign digital currency could be launched later this year, with the likes of Alibaba’s Alipay and Tencent’s WeChat Pay already popular payment methods.

21 May 2020 - 4:49PM

China’s sovereign digital currency could be launched later this year, with the likes of Alibaba’s Alipay and Tencent’s WeChat Pay already popular payment methods.

What is China’s cryptocurrency alternative sovereign digital currency and why is it not like bitcoin?
Coronavirus, growing China-Southeast Asia trade ties could drive offshore use of yuan: FSDC economist

Southeast Asia is now China’s largest trading partner, creating an opportunity to enhance the use of the yuan in international transactions and as a reserve currency.

13 May 2020 - 9:37AM

Southeast Asia is now China’s largest trading partner, creating an opportunity to enhance the use of the yuan in international transactions and as a reserve currency.

Coronavirus, growing China-Southeast Asia trade ties could drive offshore use of yuan: FSDC economist
Coronavirus: China could cut US debt holdings in response to White House Covid-19 compensation threats, analysts say

US news reports suggest White House officials have already considered cancelling all or part of the US$1.1 trillion debt owed to China in response to the coronavirus outbreak.

7 May 2020 - 8:39AM

US news reports suggest White House officials have already considered cancelling all or part of the US$1.1 trillion debt owed to China in response to the coronavirus outbreak.

Coronavirus: China could cut US debt holdings in response to White House Covid-19 compensation threats, analysts say
Coronavirus: as fear factor continues, Chinese consumers seek spending on family, emotional connections

Retail sales fell by almost 16 per cent in March, but the country’s wealthy middle class can help put economy back on track, analysts say.

4 May 2020 - 9:22AM

Retail sales fell by almost 16 per cent in March, but the country’s wealthy middle class can help put economy back on track, analysts say.

Coronavirus: as fear factor continues, Chinese consumers seek spending on family, emotional connections
Why is an oil price plunge not being celebrated by China, the world’s biggest crude buyer?

China relies on oil imports for over 70 per cent of its domestic consumption, but a glut of cheap supply in the global market is creating anxiety in the world’s second largest economy.

24 Apr 2020 - 9:07AM

China relies on oil imports for over 70 per cent of its domestic consumption, but a glut of cheap supply in the global market is creating anxiety in the world’s second largest economy.

Why is an oil price plunge not being celebrated by China, the world’s biggest crude buyer?
China’s digital currency takes shape as trials begin with travel subsidies and Communist Party fees

Agency in charge of developing China’s digital currency confirms that pilot schemes for the digital yuan have been approved in four cities.

21 May 2020 - 4:53PM

Agency in charge of developing China’s digital currency confirms that pilot schemes for the digital yuan have been approved in four cities.

China’s digital currency takes shape as trials begin with travel subsidies and Communist Party fees
Coronavirus: China refuses to be beholden to US dollar even as pandemic creates shortage

A shortage of US dollars created by increased demand during the coronavirus pandemic threatens Chinese companies’ ability to raise new funds to pay off existing debts.

17 Apr 2020 - 10:38PM

A shortage of US dollars created by increased demand during the coronavirus pandemic threatens Chinese companies’ ability to raise new funds to pay off existing debts.

Coronavirus: China refuses to be beholden to US dollar even as pandemic creates shortage
Coronavirus: China tries to bolster confidence in banknotes as fears of contamination mount

China’s central bank has stepped up efforts to assure the public handling cash is safe, amid fears contaminated currency may be spreading the coronavirus.

15 Apr 2020 - 6:53AM

China’s central bank has stepped up efforts to assure the public handling cash is safe, amid fears contaminated currency may be spreading the coronavirus.

Coronavirus: China tries to bolster confidence in banknotes as fears of contamination mount
Coronavirus: is China re-pegging the yuan to the US dollar to avert a financial crisis?

Amid the fallout caused by the coronavirus, China may turn to a similar approach it used in aftermath of the global financial crisis to mange the US dollar-yuan exchange rate.

9 Apr 2020 - 9:48PM

Amid the fallout caused by the coronavirus, China may turn to a similar approach it used in aftermath of the global financial crisis to mange the US dollar-yuan exchange rate.

Coronavirus: is China re-pegging the yuan to the US dollar to avert a financial crisis?
Coronavirus: China foreign exchange reserves drop to 17-month low as market turmoil pushes up US dollar

Central bank data showed on Tuesday that China’s foreign exchange reserves – the world’s largest – fell US$46.085 billion in March to US$3.061 trillion amid market turbulence.

7 Apr 2020 - 8:27PM

Central bank data showed on Tuesday that China’s foreign exchange reserves – the world’s largest – fell US$46.085 billion in March to US$3.061 trillion amid market turbulence.

Coronavirus: China foreign exchange reserves drop to 17-month low as market turmoil pushes up US dollar
Coronavirus: IMF, WHO say no trade-off between saving lives and livelihoods

It is critical that policymakers, especially in developing economies, prioritise public health spending in addition to economic support to fight the coronavirus, the WHO and IMF say.

7 Apr 2020 - 2:35PM

It is critical that policymakers, especially in developing economies, prioritise public health spending in addition to economic support to fight the coronavirus, the WHO and IMF say.

Coronavirus: IMF, WHO say no trade-off between saving lives and livelihoods
Coronavirus: China’s state pension fund under increasing pressure after fee cuts to help struggling businesses

China’s state pension fund was already under pressure from an ageing population, with fears it could run dry by 2035 even before the coronavirus pandemic.

7 Apr 2020 - 5:57AM

China’s state pension fund was already under pressure from an ageing population, with fears it could run dry by 2035 even before the coronavirus pandemic.

Coronavirus: China’s state pension fund under increasing pressure after fee cuts to help struggling businesses
Coronavirus: Asian multilateral bank lends US$355 million to Chinese public health projects

Asian Infrastructure Investment Bank lends Chinese cities of Beijing and Chongqing funds to upgrade local public health facilities.

7 Apr 2020 - 9:25AM

Asian Infrastructure Investment Bank lends Chinese cities of Beijing and Chongqing funds to upgrade local public health facilities.

Coronavirus: Asian multilateral bank lends US$355 million to Chinese public health projects
World at risk of second Great Depression due to coronavirus, says Chinese central bank

Zhu Jun from the People’s Bank of China says the risk is small, but the world must be alert to the threat.

6 Apr 2020 - 11:52AM

Zhu Jun from the People’s Bank of China says the risk is small, but the world must be alert to the threat.

World at risk of second Great Depression due to coronavirus, says Chinese central bank