A beautiful Caucasian? Asian(or African) woman ? or...Caucasian woman with an Asian face? What does it mean?
Learning from the "Hoshi" sculpture, it may represent the present face with her previous Asian face, which is also part of her "true-self"
Picasso's paintings are full of mystery, interlinking the present life with the past, the past with the present, destruction of the past with the creation of the future.