黄种 belongs to a 19th-century racial classification system (
黄/
白/
黑/
棕/
红种) that's now considered outdated and pseudoscientific in the West, but the term is still used neutrally in Chinese popular discourse.
黄种人 (huángzhǒngrén) literally describes East Asian phenotype. Be aware that an English calque ('the yellow race') sounds offensive in modern English contexts; use 'East Asian' in translation.