gweipo

Etymology
From, literally "ghost woman".

Noun

 * 1)  An (older) Caucasian woman.

Usage notes
For the usage in Cantonese, see the usage notes at 鬼婆.

Much like gweilo, gweipo has passed into the terminology of Caucasian residents of Hong Kong, losing its derogatory edge in the process. The distinction of it referring to an older rather than younger woman (as in Cantonese) is often not as pronounced in English usage.